Technology Credit Union
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| Company type | Credit union |
|---|---|
| Industry | Financial services |
| Founded | 1960 |
| Headquarters | , |
Area served | Bay Area |
| Owners | Its members |
| Website | www |
Tech CU (Technology Credit Union) is an American credit union that is based in the Bay Area, California. Tech CU provides banking services, such as checking accounts, savings accounts, investment services, loans and business banking solutions to its members.
History
[edit]Tech CU was founded in 1960 by a group of employees from Fairchild Camera and Instrument Corp.
As of 2023, Tech CU has more than $4.8 billion[1] in assets and ten full-service branches. It provides financial products and services to more than 169,000 members.[1] In January 2015, the company acquired Sunnyvale Federal Credit Union.[2] In July 2015, Tech CU opened its first branch in San Francisco at 1453 Mission Street.
In 2022, Sharks Sports & Entertainment (SSE), the parent company of the San Jose Sharks of the National Hockey League and the San Jose Barracuda of the American Hockey League, announced a 10-year naming rights agreement with Tech CU for its new arena. The arena, home to the San Jose Barracuda, is now known as Tech CU Arena.[3][4][5]
In 2024, Tech CU opened a new location in Austin, Texas.[6] Additionally, the institution launched a Virtual Branch to extend its accessibility to members across different regions.[7]
Membership
[edit]Anyone who lives, works, worships, or attends school in Santa Clara, San Mateo, Alameda, Contra Costa, Santa Cruz, San Francisco, Marin, Napa, Solano, Sonoma, Los Angeles, Orange, San Diego, Sacramento, and San Joaquin counties in California can become a member of Tech CU, as can anyone living or working in Canyon or Ada Counties in Idaho.[8]
Membership can also be achieved by the following;
- Employees of Tech CU member companies anywhere in the United States
- Relatives of current Tech CU members
- Members of Tech CU's affiliated organizations
- Employees and employers of public or private technology-based entities with a location in California.
Affiliated Organizations
[edit]Tech CU is affiliated with several different organizations. They include;
- The Financial Fitness Association
- The Northern California Human Resource Association (NCHRA)
- The San Jose State University Alumni Association (SJSUAA)
Community involvement
[edit]Tech CU has a community relations program which focuses on continued support of non-profit organizations in the areas of STEAM Education and Workforce Development, Financial Literacy, Affordable Housing, and Health and Wellness.[9]
Awards
[edit]Tech CU has won a number of awards including the Communicator Awards,[10] Stevie Awards,[11] Hermes Creative Awards,[12] CUNA Diamond Awards,[13] AVA Digital Awards,[14] S&P Global Market Intelligence,[15] Marcom Awards,[16] and the Credit Union Journal Best Practices Awards, among others.[17][18]
References
[edit]- ^ a b "TECHNOLOGY CREDIT UNION Financial Reports". Retrieved 2024-03-29.
- ^ Baumann, Greg (2015-01-23). "Tech CU acquires Sunnyvale Federal Credit Union, filling in footprint". American City Business Journals. Retrieved 2018-03-01.
- ^ https://www.sjbarracuda.com/news/detail/techcuarena
- ^ https://www.bizjournals.com/sanjose/news/2022/03/15/technology-credit-union-san-jose-barracuda-naming.html
- ^ https://www.mercurynews.com/2022/03/16/san-jose-barracudas-planned-arena-gets-a-name-creating-a-corner-for-credit-unions/
- ^ https://www.cutimes.com/2024/03/05/tech-cu-enters-texas-market-eyes-more-expansion-outside-california/
- ^ https://www.cutimes.com/2022/10/21/tech-cu-crosses-border-into-idaho-virtually/
- ^ https://www.techcu.com/Membership/
- ^ "Grants & Sponsorship". Technology Credit Union. Retrieved 2018-03-01.
- ^ "Winner's List".
- ^ "American Business Awards Homepage".
- ^ "Tech CU" (PDF).
- ^ "2018 Diamond Awards - Winning Entries".
- ^ "AVA Digital Awards".
- ^ https://platform.mi.spglobal.com/web/client?auth=inherit#news/article?id=43870960&cdid=A-43870960-11565 [dead link]
- ^ "MarCom Awards".
- ^ Bartlett, Michael (2017-10-24). "Tech CU's Family Banking account had inside advocate". Credit Union Journal. Retrieved 2018-03-01.
- ^ Bartlett, Michael (2017-10-18). "Taking credit cards in-house has been a boon for Tech CU". Credit Union Journal. Retrieved 2018-03-01.