EIN 94-1651781

Technology Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
361
Year formed
1960
Most recent tax filings
2022-12-01
Description
Technology Credit Union is a cooperative that promotes thrift and savings among its members. It also creates a source of credit for them at rates of interest set by the board of directors and provides an opportunity for members to use personalized private banking services. With 155,807 members and 430 member companies in 2021, Tech CU offers convenient online banking services with various features such as account viewing.
Related structure
Technology Credit Union is child organization, under the parent exemption from Credit Unions in the State of California.
Total revenues
$196,279,690
2022
Total expenses
$137,568,880
2022
Total assets
$4,544,569,780
2022
Num. employees
361
2022

Program areas at Technology Credit Union

During 2022 Technology Credit Union had 168,305 members with 433 member companies. To enhance members' easy access anywhere and anytime at no cost to the members, tech cu provides online banking services. Some of the features are the ability to view account balances, view or download account history, view images of cleared checks and view pending transactions. Also, members have the privilege to make or schedule payments for transfer between tech cu accounts or other financial institutions. Members can also pay their bills using the tech cu bill pay online. The online banking services enable members to manage their account(s) conveniently from receiving email alerts on the account activity to placing a stop payment on an outgoing check. Members can update their profile and gain access to a secured email. Tech cu online banking uses the most advanced encryption standards to protect accounts and to conduct financial business. The innovative login security system ensures personal access and security of account information.
Technology Credit Union private banking is a personalized service program designed specifically for their most financially successful members. Private banking members are assigned to a private banking manager, an experienced Credit Union professional, who serves as personal resource and point of contact for all their financial services needs. The private banking managers provide personal, responsive, professional, and friendly service while ensuring the security and confidentiality of every financial transaction. They also act as liaisons, connecting their members with the best financial experts in investing, real estate lending and consumer lending. In addition, private banking members are entitled to a wealth of benefits including estate planning and trust services at a specially discounted rate, tax planning and preparation, loan rate discounts and priority processing of all loans, special private banking seminars and events, exclusive private banking newsletter, and preferred rate membership to the silicon valley capital club. Technology Credit Union has also moved from cetera to lpl financial services to provide better investment options for its members.
Technology Credit Union provides atm (automated teller machine) services to members. Members can access their bank account in order to make cash withdrawals (or Credit card cash advances) and check account balances conveniently in a public space without the need for a human clerk or bank teller.
Technology Credit Union offers business members a wide range of products (such as business savings account, business money market accounts, business money market plus account, business basic checking, business interest checking, business certificates, business check cards, business auto loan, business line of Credit, business Credit card - first national bank of omaha, and sba loans) and tools needed to manage business transactions and achieve their business financial goals.in addition, tech cu provides investment services to members with products such as securities, bonds, insurance, ira, 527 plans, and more. There is also the relationship rewards program that rewards members for doing business with tech cu.

Grants made by Technology Credit Union

GranteeGrant descriptionAmount
Valley Health Foundation (VHF)To Improve Existing Services, Pioneer New Models of Care, and Advance the Cause of High Quality Healthcare for All.$10,000
African American Community Service AgencyTo Promote Full Participation of African Americans and All of Santa Clara County in the General Society.$10,000
Second Harvest of Silicon ValleyTo Ensure That Anyone Who Needs A Healthy Meal Can Get One.$10,000
...and 1 more grant made

Personnel at Technology Credit Union

NameTitleCompensation
Todd HarrisExecutive Management and Board Executive Management Team / Chief Executive Officer , Secretary and Treasurer / Chief Executive Officer , Board Secretary and Treasurer / Treasurer and Secretary / President and Chief Executive Officer / Executive Vice President , Chief Financial Officer and Chief Administrative Officer / Executive Vice President Chief Financial Officer and Chief Administrative Officer$935,585
Jeannine M JacobsenExecutive Vice President , Chief Operating Officer / Executive Vice President and Chief Operating Officer / Senior Vice President , Human Resources / Senior Vice President Human Resources$502,292
Richard HanzExecutive Vice President and Chief Financial Officer$458,815
Steve SheadChief Technology and Information Officer$367,076
Sunder SrinivasanBoard Member$207,535
...and 16 more key personnel

Financials for Technology Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$163,656,583
Investment income and dividends$18,340,546
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$9,576,631
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$4,705,930
Total revenues$196,279,690

Form 990s for Technology Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990View PDF
2021-122022-10-27990View PDF
2020-122021-11-09990View PDF
2019-122021-06-08990View PDF
2018-122020-01-23990View PDF
...and 9 more Form 990s

Organizations like Technology Credit Union

OrganizationLocationRevenue
Travis Credit UnionVacaville, CA$193,300,043
Pacific Marine Credit UnionOceanside, CA$64,162,592
KeyPoint Credit Union (KPCU)San Jose, CA$69,312,506
Financial Partners Credit UnionDowney, CA$83,728,887
SF Fire Credit UnionSan Francisco, CA$62,656,925
Pacific Service Credit UnionConcord, CA$55,384,960
Coast Central Credit UnionEureka, CA$66,591,892
Credit Union of Southern CaliforniaAnaheim, CA$120,210,205
LBS Financial Credit UnionWestminster, CA$64,266,960
California Coast Credit UnionSan Diego, CA$133,395,792
Data update history
January 24, 2024
Updated personnel
Identified 3 new personnel
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 3, 2024
Used new vendors
Identified 2 new vendors, including , and
November 9, 2023
Updated personnel
Identified 1 new personnel
July 30, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
2010 N First St Suite 301
San Jose, CA 95131
Metro area
San Jose-Sunnyvale-Santa Clara, CA
Website URL
techcu.com/ 
Phone
(408) 451-9111
IRS details
EIN
94-1651781
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1960
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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