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  • 2017 News Releases

  • San Jose, Calif. – December 8, 2017 - Tech CU (Technology Credit Union) today announced that it was named one of Silicon Valley’s most philanthropic companies by the Silicon Valley Business Journal, an honor the company has received for the past three years. Additionally, this holiday season, Tech CU announced it will be working closely with Family Giving Tree, a nonprofit that fulfills holiday wishes for children most in need from the Bay Area. This marks Tech CU’s 12th year supporting the organization.


    Family Banking Product, In-House Credit Card Program and Annual Report Recognized in 2017

    San Jose, Calif.– October 27, 2017 - Tech CU (Technology Credit Union) today announced that it has won two Credit Union Journal Best Practices Awards for its Family Banking product and in-house credit card program. Tech CU also won a Gold MarCom Award for its annual report – the third year the credit union’s annual report has been recognized by the international organization. In previous years, these organizations selected the credit union’s website redesign, ad campaign, innovative channels and branch redesign for recognition.


    Will Oversee Member Services and Retail Banking Functions

    San Jose, Calif– October 12, 2017 – Tech CU (Technology Credit Union) announced today that Robert Reed has joined the company as its new Chief Retail Banking Officer and Executive Vice President. He will be responsible for delivering an incredible member experience by leading the company’s retail banking and member services functions.   


    Program Designed for Tech CU’s Commercial, Non-Profit and Government Members 

    San Jose, Calif. – October 5, 2017Tech CU (Technology Credit Union), in conjunction with Belvedere Solar Finance, today announced that it is introducing a solar financing program for its commercial, non-profit and government members. The program will allow members to finance solar systems ranging in price from $100,000 to $2 million with no money down. All financing will be structured so that savings from solar will cover the cost of the financing over time.


    Tech CU (Technology Credit Union) today announced the launch of Card Manager, an intuitive mobile app.


    Credit Union Partners with Former Intero Owners Tom Tognoli and John Thompson to Help Fuel Local Economy 

    San Jose – September 5, 2017 — Tech CU (Technology Credit Union) announced today that it is providing a $3 million commercial real estate loan to property developers and real estate investors Tom Tognoli and John Thompson, founders and previous owners of Intero Real Estate Services, Inc., a Berkshire Hathaway affiliate and wholly owned subsidiary of HomeServices of America, Inc. The loan will assist in funding the purchase of a commercial property in downtown San Jose, as well as provide for minor tenant improvement work and miscellaneous expenditures. 


    CUNA Awards Celebrate Tech CU’s Efforts to Teach Financial Education and Contribute to the Community

    San Jose, Calif. – August 10, 2017 - Tech CU (Technology Credit Union) today announced that it has won two CUNA awards: second place for the Desjardins Adult Financial Education award and an honorable mention for the Dora Maxwell Social Responsibility Community Service award.


    San Jose (July 12, 2017) — Tech Capital, LLC, the asset-based finance company and wholly-owned subsidiary of Tech CU, today announced that it has originated a $2 million asset-based loan for Gemini Duplication, Inc. The company provides statewide legal document evidence retrieval for California attorneys seeking to expedite benefits in workers’ compensation claims.


    San Jose –June 15, 2017 — Tech CU (Technology Credit Union) announced today it was selected as a Top 100 Bay Area Corporate Philanthropist by the San Francisco Business Times. The credit union also won two bronze Stevie Awards for Financial Services Marketing Campaign of the Year and Annual Report, and a silver MAC Award for Best Annual Report from the Marketing Association for Credit Unions (MAC).


     30-Year Industry Veteran Tapped to Ensure the Continued Safety and Soundness of Tech CU’s Loan Portfolio 

    San Jose – May 24, 2017 — Tech CU (Technology Credit Union) announced today that Mike Floyd has joined the company as its new Chief Credit Officer and Executive Vice President. An industry veteran, Floyd is responsible for overseeing Tech CU’s lending activities and mitigating risk to its loan portfolio. 


     30-Year Industry Veteran Tapped to Ensure the Continued Safety and Soundness of Tech CU’s Loan Portfolio 

    San Jose – May 24, 2017 — Tech CU (Technology Credit Union) announced today that Mike Floyd has joined the company as its new Chief Credit Officer and Executive Vice President. An industry veteran, Floyd is responsible for overseeing Tech CU’s lending activities and mitigating risk to its loan portfolio. 


    First “Ground Up” Construction Project in San Francisco Broadens Tech CU’s Market Presence. 

    San Jose – May 15, 2017 — Tech CU (Technology Credit Union) announced today that it is providing an $8.5 million construction loan for Presidio Bay Ventures, LLC. The loan will fund the development of a 20-unit, multifamily project in San Francisco’s Dogpatch neighborhood.


    First “Ground Up” Construction Project in San Francisco Broadens Tech CU’s Market Presence. 

    San Jose – May 15, 2017 — Tech CU (Technology Credit Union) announced today that it is providing an $8.5 million construction loan for Presidio Bay Ventures, LLC. The loan will fund the development of a 20-unit, multifamily project in San Francisco’s Dogpatch neighborhood.


    COO and EVP Jeannine Jacobsen Named a Silicon Valley Business Journal 2017 Woman of Influence; Tech CU also a Winner of the Hermes Creative Awards, AVA Digital Awards and a Credit Union Journal 

    San Jose – May 1, 2017 — Tech CU (Technology Credit Union) today announced four significant award wins for the company. COO and EVP Jeannine Jacobsen was named a 2017 Woman of Influence by the Silicon Valley Business Journal. Tech CU won two Hermes Creative Awards — a Gold award for the company’s website redesign and an Honorable Mention for the 2015 Annual Report. Additionally, Tech CU received two awards honoring its website redesign: a Gold award from the AVA Digital Awards and a Best Practices award from the Credit Union Journal.   


    COO and EVP Jeannine Jacobsen Named a Silicon Valley Business Journal 2017 Woman of Influence; Tech CU also a Winner of the Hermes Creative Awards, AVA Digital Awards and a Credit Union Journal 

    San Jose – May 1, 2017 — Tech CU (Technology Credit Union) today announced four significant award wins for the company. COO and EVP Jeannine Jacobsen was named a 2017 Woman of Influence by the Silicon Valley Business Journal. Tech CU won two Hermes Creative Awards — a Gold award for the company’s website redesign and an Honorable Mention for the 2015 Annual Report. Additionally, Tech CU received two awards honoring its website redesign: a Gold award from the AVA Digital Awards and a Best Practices award from the Credit Union Journal.   


    LOAN WILL HELP PROVIDE HOUSING FOR LOW-INCOME AND HOMELESS POPULATION IN SAN JOSE, CA. 

    San Jose – March 22, 2017 — Tech CU (Technology Credit Union) announced today that it is participating in a $27.4 million construction loan originated and led by Silicon Valley Bank (SVB). This loan will provide funding for First Community Housing to build a new 135-unit affordable housing project in San Jose called Second Street Studios.  Tech CU’s participation will total $8 million.


    LOAN WILL HELP PROVIDE HOUSING FOR LOW-INCOME AND HOMELESS POPULATION IN SAN JOSE, CA. 

    San Jose – March 22, 2017 — Tech CU (Technology Credit Union) announced today that it is participating in a $27.4 million construction loan originated and led by Silicon Valley Bank (SVB). This loan will provide funding for First Community Housing to build a new 135-unit affordable housing project in San Jose called Second Street Studios.  Tech CU’s participation will total $8 million.


    San Jose (February 15, 2017) — Today, Tech CU (Technology Credit Union) announced that its Executive Vice President and Chief Commercial Banking Officer, Joe Anzalone, has joined the Housing Trust Board of Directors. Founded in 1998, the Housing Trust’s mission is make Silicon Valley a more affordable place to live by supplying loans and grants to increase the supply of affordable housing, assist first-time homebuyers, prevent homelessness and stabilize neighborhoods.


    San Jose – March 13, 2017 — Tech CU (Technology Credit Union) announced today that Chief Operating Officer and Executive Vice President Jeannine Jacobsen has won the YWCA Tribute to Women Award.


    San Jose (February 15, 2017) — Today, Tech CU (Technology Credit Union) announced that its Executive Vice President and Chief Commercial Banking Officer, Joe Anzalone, has joined the Housing Trust Board of Directors. Founded in 1998, the Housing Trust’s mission is make Silicon Valley a more affordable place to live by supplying loans and grants to increase the supply of affordable housing, assist first-time homebuyers, prevent homelessness and stabilize neighborhoods.


    LOANS WILL SUPPORT THE ACQUISITION OF A SAN JOSE OFFICE BUILDING (DOLLINGER PROPERTIES) AND FACILITIES PROVIDING COMPLEX CARE TO MEDICALLY FRAGILE CHILDREN (INNOVATIONS HEALTH)

    San Jose – January 31, 2017 — Tech CU (Technology Credit Union) announced today that it has provided a $7 million commercial real estate loan to Dollinger Properties to support the acquisition of a 50,951-square foot R&D/office property in North San Jose. The credit union also provided a Small Business Administration (SBA) 7(a) loan to Innovations Health to purchase three Bay Area pediatric facilities serving catastrophically injured and severely disabled children.

     


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