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  • Tech CU Partners With Housing Trust Silicon Valley on Affordable Housing Development in Sunnyvale

    San Jose, Calif. (August 18, 2015) —Tech CU (Technology Credit Union) and the Housing Trust Silicon Valley are partnering to support the MidPen Housing Corporation with a $7.8 million commercial real estate loan, of which Tech CU is underwriting $4.9 million of the total commitment. This financing will be used to acquire and redevelop a rundown commercial site in Sunnyvale, located at 460 Persian Avenue. MidPen Housing plans to build 60 units of affordable housing for low-income families, with convenient access to public transit. Three homes will be reserved for households transitioning out of homelessness.

    Tech CU Opens Its Premier San Francisco Branch in Mid-Market, Near Twitter and Square

    San Jose, CA (July 21, 2015) — Yesterday Tech CU (Technology Credit Union) opened its mid-Market branch, located near Twitter and Square, at 1449 Mission between 10th and 11th Streets on the ground floor of the California Institute for Integral Studies (CIIS) building. The San Francisco location is the first in the city for Tech CU, as the credit union continues to grow membership and expand its retail and business banking, commercial lending, and wealth management lines of business.

    Tech CU Debuts Innovative Branch Design in Fremont

    San Jose, CA (June 2, 2015) — Tech CU (Technology Credit Union) opened a new branch yesterday, relocated from its former Hugo Terrace location in Fremont to the heart of the city’s Pacific Commons shopping center. The branch is adjacent to Target and near Costco, Century Theaters and other popular stores and restaurants, offering a convenient location with plenty of parking.

    Tech CU Leads Industry by Launching The First Asset-Based Lending Program Among Credit Unions

    San Jose, CA (May 21, 2015) — Tech CU (Technology Credit Union) is expanding its commercial loan services by providing asset-based lending, including accounts receivable and inventory financing. The credit union will provide small- and mid-size companies (manufacturers, distributors and service companies) revolving credit facilities from $100,000 to $5 million, to be used for debt refinancing and equipment purchases, as well as to supplement working capital.

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