Tech CU (Technology Credit Union) is an American

credit union A credit union is a member-owned nonprofit organization, nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks, such as share accounts (savings accounts), share draft accounts (che ...

that is based in the

Bay Area The San Francisco Bay Area, commonly known as the Bay Area, is a region of California surrounding and including San Francisco Bay, and anchored by the cities of Oakland, San Francisco, and San Jose. The Association of Bay Area Governments ...

, California. Tech CU provides banking services, such as

checking accounts A transaction account (also called a checking account, cheque account, chequing account, current account, demand deposit account, or share account at credit unions) is a deposit account or bank account held at a bank or other financial instituti ...

savings account A savings account is a bank account at a retail banking, retail bank. Common features include a limited number of withdrawals, a lack of cheque and linked debit card facilities, limited transfer options and the inability to be overdrawn. Traditi ...

s, investment services,

loan In finance, a loan is the tender of money by one party to another with an agreement to pay it back. The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money. The document evidencing the deb ...

s and business banking solutions to its members.

History

Tech CU was founded in 1960 by a group of employees from

Fairchild Camera and Instrument Fairchild Camera and Instrument Corporation was a company founded by Sherman Fairchild. It was based on the East Coast of the United States, and provided research and development for flash photography equipment. The technology was primarily use ...

Corp. As of 2023, Tech CU has more than $4.8 billion in assets and ten full-service branches. It provides financial products and services to more than 169,000 members. In January 2015, the company acquired Sunnyvale Federal Credit Union. 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. In 2024, Tech CU opened a new location in Austin, Texas. Additionally, the institution launched a Virtual Branch to extend its accessibility to members across different regions.

Membership

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. 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

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 San José State University (San Jose State or SJSU) is a Public university, public research university in San Jose, California. Established in 1857, SJSU is the List of oldest schools in California, oldest public university on the West Coast of ...

Alumni Association (SJSUAA)

Community involvement

Tech CU has a community relations program which focuses on continued support of non-profit organizations in the areas of

STEAM Steam is water vapor, often mixed with air or an aerosol of liquid water droplets. This may occur due to evaporation or due to boiling, where heat is applied until water reaches the enthalpy of vaporization. Saturated or superheated steam is inv ...

Education and Workforce Development, Financial Literacy, Affordable Housing, and Health and Wellness.

Awards

Tech CU has won a number of awards including the Communicator Awards, Stevie Awards, Hermes Creative Awards, CUNA Diamond Awards, AVA Digital Awards, S&P Global Market Intelligence, Marcom Awards, and the Credit Union Journal Best Practices Awards, among others.

References

{{reflist Credit unions based in California Banks established in 1960 1960 establishments in California