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 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 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 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.