Technology Credit Union - Tech Cu

Tech CU (Technology Credit Union) is a Silicon Valley-based credit union.

History

Tech CU was founded in 1960 by a group of employees from Fairchild Camera and Instrument Corp. By the end of its first year of operation, Tech CU had 600 members holding $65,000. Ten years later, the company had 6,320 members with $3.5 million in assets.

One of the San Francisco Bay Area’s largest credit unions, Tech CU has more than $2 billion in assets and ten full-service branches. It provides financial products and services to approximately 75,000 members. In January 2015, the company acquired Sunnyvale Federal Credit Union â€" in the heart of Tech CU's coverage area. In July 2015, Tech CU opened its first branch in San Francisco at 1453 Mission Street.

In September 2015, Tech CU received Silicon Valley Business Journal’s Corporate Philanthropy Award, naming it one of the top 50 most generous companies in Silicon Valley. In October 2015, Credit Union Journal selected Tech CU for its Annual Best Practices Award, Growth Strategy. In January 2016, Tech CU was chosen for induction into San Jose Silicon Valley Chamber of Commerce Hall of Fame.

Membership

Anyone who lives, works, worships, or attends school in Santa Clara, San Mateo, Alameda, Contra Costa, Santa Cruz, or San Francisco counties can become a member of Tech CU. Membership can also be extended to employees of Tech CU member companies, relatives of current Tech CU members, members of Tech CU’s affiliated organizations including the Financial Fitness Association, the Northern California Human Resource Association (NCHRA), or the San Jose State University Alumni Association (SJSUAA), and employees and employers of public or private technology-based entities with a location in California.

Community involvement

Tech CU has a community relations program which focuses on continued support of non-profit organizations in the areas of STEM Education and Workforce Development, Financial Literacy, Affordable Housing, and Health and Wellness.

References

• https://www.techcu.com/About_Tech_CU/Press_Releases/Tech_CU_Remodels_Its_Flagship_Branch_in_San_Jose_with_Innovative_New_Design/
• http://www.bizjournals.com/sanjose/news/2015/01/23/tech-cu-acquires-sunnyvale-federal-credit-union.html
• http://www.reuters.com/article/2015/07/21/idUSnMKW2sJ3ka+1c8+MKW20150721
• http://www.mercurynews.com/san-jose-neighborhoods/ci_23913157/janikke-klem-is-vice-president-community-relations-at
• http://www.thetech.org/tech-challenge-presented-emc
• https://www.techcu.com/uploadedFiles/Content/About_Tech_CU/Annual_Report/2014_FINAL_Annual_Report.pdf