• 2016 News Releases

  • Tech CU selects The FirstClose Report™ for its home equity business

    FirstClose announced today that Technology Credit Union (Tech CU) has chosen The FirstClose Report™ to support its home equity products. The FirstClose Report provides title search, flood certification, valuation and property information with lien protection insurance instantly and offers credit union lending divisions all they need to review and approve these loans.

    Tech CU Named One of Silicon Valley’s Most Philanthropic Companies and a Family Friendly Workplace; Wins Three International MarCom Awards for its Advertising Campaign, Website and Annual Report

    San Jose, Calif. – November 1, 2016Tech CU (Technology Credit Union) today announced that it was named one of Silicon Valley’s most philanthropic companies by the Silicon Valley Business Journal, received a certificate of recognition for being a family friendly workplace and won three MarCom Awards: platinum for its Bank Happily Ever After advertising campaign and honorable mentions for its redesigned website and annual report. 

    Tech CU Provides $5.5 Million Commercial Loan in San Francisco

    San Jose – October 27, 2016 – Tech CU (Technology Credit Union) announced today the funding of a $5.5 million commercial loan to support the refinance of a circa-1910 boutique apartment property located in the Russian Hill neighborhood of San Francisco. A portion of the funds will be used for the innovative creation of additional living space through reconfiguration of several apartments and conversion of underutilized space for Accessory Dwelling Units (ADUs). Seismic retrofits and green, sustainable building improvements will also be completed. The borrower is an entity affiliated with Veritas Investments, Inc., one of the largest owner-operators of multifamily, urban retail and mixed-use properties in the San Francisco Bay Area.

    Tech CU Announces Strong First Year for Tech Capital, LLC

    San Jose, Calif. – September 22, 2016 – Tech Capital, LLC, the asset-based finance company and wholly owned subsidiary of Tech CU, today announced that it has originated six asset-based lending commitments as of August 2016 for a total of $6.1 million. Tech Capital, LLC began providing asset-based loans in late 2015 for companies (manufacturers, distributors and service companies) in need of revolving lines of credit for debt refinancing, equipment purchases, or as a supplement to working capital.

    Tech CU Wins Two CUNA Awards: Dora Maxwell Social Responsibility and Desjardins Adult Financial Education

    San Jose, Calif. – September 1, 2016 – Tech CU (Technology Credit Union) today announced that it has won two CUNA awards: First place in the Dora Maxwell Social Responsibility Community Service category and second place for the Desjardins Adult Financial Education award. Additionally, the International Finance Awards named Tech CU as Credit Union of the Year in the United States.

    Tech CU Launches Three New Credit Cards

    San Jose, Calif. – August 15, 2016 – Tech CU (Technology Credit Union) today began offering three new credit cards: a Visa Signature with Rewards, Visa Classic Secured and Visa Classic Unsecured. Accepted worldwide, all three cards offer a safe and secure way to purchase items with no annual fee or foreign transaction fees. The cards also offer convenient online and mobile access with automatic payment options, quick approvals and chip-enabled security. They can be used as overdraft protection for a Tech CU checking account in addition to providing auto rental collision protection.

    Tech CU Wins Three Marketing Association for Credit Unions (MAC) Awards

    San Jose, Calif. – June 14, 2016 – Tech CU (Technology Credit Union) today announced it won three awards from the Marketing Association for Credit Unions (MAC), an organization that recognizes outstanding credit union marketing achievements. The company won silver for its website redesign, bronze for its integrated advertising campaign and bronze for its branch redesign and digital signage in the Point of Sale/Retail Merchandising Category.

    Tech CU Announces Executive Promotions

    San Jose, Calif. – May 31, 2016 – Tech CU (Technology Credit Union) today announced three promotions within its executive ranks. As of May 13, 2016, Jeannine Jacobsen was promoted to EVP and COO with IT, Corporate Services and Project Management, Support Services, Human Resources and ERM reporting in to her. Richard Hanz, formerly the SVP of Treasury and Strategic Planning, became CFO, responsible for the company’s Finance organization. Finally, Dean Davis was promoted to SVP, heading up all of IT. Both Hanz and Davis will also join Tech CU’s Managing Committee.

    Tech CU Adds Family Banking to Suite of Products

    San Jose, Calif. – May 24, 2016 – Tech CU (Technology Credit Union) today announced that it has added Family Banking to its suite of products. Designed to simplify financial transactions between family members, the new Family Banking product allows both a parent and child to link their accounts, transfer money, track balances and monitor transactions — all at no charge. Given the importance of developing long-term financial skills, Family Banking is a tool for parents to teach their children about money.

    Tech CU’s Marketing Wins CUNA Diamond and Hermes Creative Awards

    San Jose, Calif. – April 12, 2016 – Tech CU (Technology Credit Union) today announced its win of a both a CUNA Diamond Award (where it was named a “Category’s Best”) and a Platinum Hermes Creative Award in the Point of Sale and Retail Merchandising category. The company also received an honorable mention from Hermes for its comprehensive advertising campaign.

    Tech CU Makes Largest SBA Loan in Company History - $22.4 Million

    San Jose, Calif. – March 17, 2016 – Tech CU (Technology Credit Union) today announced that the credit union has funded its largest Small Business Administration (SBA) 504 loan to date. At $22.4 million dollars, the loan provided financing to assist a commercial tenant’s purchase of a 112,000 square-foot, multi-tenant office building located in Burlingame, California.

    The Women of Tech CU Win Big

    San Jose, Calif. – March 17, 2016 – Tech CU (Technology Credit Union) today announced that CEO Barbara Kamm was honored as a Power Executive by the San Francisco Business Times, while Vice President Janikke Klem and Senior Vice President Kate Duggan were named among Silicon Valley’s Women of Influence by the Silicon Valley Business Journal.

    Tech CU Unveils Redesigned Website

    San Jose, Calif. – March 9, 2016 – Tech CU (Technology Credit Union) today announced the launch of its newly redesigned website. The new website provides a fresh look and feel along with a more intuitive and streamlined navigation, enhanced content, and the tools and resources to help members make informed financial decisions.

    Tech CU Wins Two Silicon Valley ADDY Awards

    San Jose, Calif. – March 2, 2016 – Tech CU (Technology Credit Union) today announced it has won a silver Silicon Valley Addy award for its integrated “Bank Happily Ever After” advertising campaign and a bronze award for its radio advertising. The American Advertising Federation’s ADDY Awards is the advertising industry's largest and most representative competition. The first phase in a three-tier, national competition, these local wins recognize Tech CU’s radio advertising and overall integrated advertising campaign as some of the very best in its market.

    Tech CU Inducted into San Jose Silicon Valley Chamber of Commerce Hall of Fame

    San Jose, Calif. – February 25, 2016 – Tech CU (Technology Credit Union) announced today that it has been inducted into the San Jose Silicon Valley Chamber of Commerce Hall of Fame. The award, which recognizes local businesses who have operated in the Silicon Valley region for more than 50 years, honors longtime and significant contributions to the economy and community.

    Tech CU appears in televised interview on Modern Living with kathy ireland

    Los Angeles, CA – January 5, 2016 — Tech CU (Technology Credit Union), the Silicon Valley based credit union, appears in a Modern Living with kathy ireland segment airing this week that addresses how they are able to offer a superior financial services experience.

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