Tech CU has dedicated considerable resources over the years in promoting STEM (science, technology, engineering, math) education. Towards that end, I was recently appointed to the Chancellor’s Business and Industry Advisory Council for the Foothill-DeAnza Community College District — a cause near and dear to my heart. I am a huge supporter of community colleges — one of my sons attended Foothill — as I firmly believe that there are many ways to receive a top-notch education and prepare oneself for the workforce. As high school graduates weigh their options for the Fall, I would urge them to consider that one can have a productive and rewarding career in STEM fields without receiving a four-year college degree. Foothill-DeAnza’s outstanding Manufacturing and CNC Technology program is just one example of community college offerings that can provide the vocational training needed to land a well-paying job.
Other news I’d like to share is Tech CU’s participation (as the only credit union amongst 7 banks) in the first-ever affordable housing loan pool created by Housing Trust Silicon Valley. This $9 million fund provides from $500,000 to $2 million in initial startup financing to developers who are working on affordable, multi-family housing projects throughout the Bay Area. Over the next five years, it’s projected the program will help finance 24 developments — creating 1,800 permanently affordable rentals for low income working families, seniors and others with special needs.
We’re all too aware of the region’s higher-than-average housing costs, and by partnering with the Housing Trust, we continue to show our commitment to supporting increasing the amount of affordable housing in the area.
More than fifty years ago, forward-thinking high-tech employees at Fairchild Semiconductor knew there was a better way to bank.
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