Overview
What is Technology Credit Union?
Technology Credit Union is a cooperative organization based in San Jose, California, with over 168,000 members and 433 member companies. Its primary mission is to promote thrift and savings among its members, offering them access to affordable credit and financial services. As part of this mission, Technology Credit Union provides online banking services free of charge to its members, enabling them to manage their accounts with ease. Features include viewing and downloading account history, handling payments and transfers, and paying bills online. The online banking system uses advanced encryption standards for security and allows members to receive account activity alerts and place stop payments. Technology Credit Union operates as a democratic cooperative, with earnings, savings, and benefits being distributed to its members as patronage. The organization employs a team of 361 individuals to serve its members effectively.
Official website here: www.techcu.com
Is Technology Credit Union legitimate?
Technology Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Technology Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $6,191,882
Professional Fundraising Fees: $0
Other Salaries and Wages: $32,152,542
For more financial information, click here
Official website here: www.techcu.com
What is the mission statement of Technology Credit Union?
Technology Credit Union is a cooperative established to encourage savings among its members and provide them with affordable credit. The organization operates with the aim of improving the economic and social conditions of its members. By doing so, it offers its members the opportunity to control their own money on a democratic basis. The earnings, savings, benefits, or services of the credit union are distributed to its members as patronage. Technology Credit Union's business is conducted for the mutual benefit and general welfare of its members.
Official website here: www.techcu.com
Who is the CEO of Technology Credit Union?
Todd Harris is the Ceo, Secretary/Treasurer of Technology Credit Union. The CEO's salary of Technology Credit Union is $935,585 and their total compensation is $996,009.
Official website here: www.techcu.com
What is the revenue of Technology Credit Union?
Who are the executives of Technology Credit Union and what are their salaries?
The average compensation at Technology Credit Union during 2022 was $106,217. There are 361 employees and 15 volunteers at Technology Credit Union.
Here are 32 key members and their salaries (Technology Credit Union's CEO's salary is $935,585 and their total compensation is $996,009):
- Todd Harris (Ceo, Secretary/Treasurer) [Trustee/Director]
- Jeannine M Jacobsen (Evp, Chief Operating Officer)
- Richard Hanz (Evp, Chief Financial Officer)
- Joseph Anzalone (Evp, Chief Commercial Banking Officer)
- Robert Reed (Evp, Chief Retail Banking Officer)
- Douglas Stoveland (Evp, Chief Credit Officer)
- Fawzia Sarwar-Shayek (Svp, Retail Banking)
- Fred D Abajelo (Sr. Financial Advisor)
- M Angeles Hernandez (Svp, Head Of Emerging Retail Lending Prod. & Str)
- Henry S Noon Iv (Svp, Head Of Asset-Based Lending)
- Shou Mei Wu (Svp, Commercial Credit Administration)
- Niki Wong (Svp, Commercial/Sba Lending)
- Azad Rad (Svp, Wealth Management)
- Jeannine L Creighton-Boettcher (Head Of Human Resources & Corporate Services)
- Franca Cozzitorto (Head Of Enterprise Risk Management)
- Natalia Lau (Svp, Controller)
- Sunder Srinivasan (Evp, Chief Information Officer)
- Joe Shepela (Director)
- Deepti Jaggi (Director)
- Mical Brenzel (Chairman) [Trustee/Director]
- Barbara Kamm (Vice Chairman) [Trustee/Director]
- Kirk Bloede (Director)
- Madonna Bolano (Director)
- Karen Brochier (Director)
- Peter Donahower (Director)
- Robert R Herb (Director)
- Sunil Nagdev (Director)
- Jeff Lee (Supv Cmte Chairman) [Trustee/Director]
- Firasat Ali (Supv Cmte Member) [Trustee/Director]
- Jessica Cassinelli (Supv Cmte Member) [Trustee/Director]
- Faisal Jeddy (Supv Cmte Member) [Trustee/Director]
- Bob Luong (Supv Cmte Member) [Trustee/Director]
Official website here: www.techcu.com
Where can I find the form 990 for Technology Credit Union?
The Technology Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.techcu.com
Learn more at the official website: www.techcu.com
Mission Statement of Technology Credit Union
Technology Credit Union, a cooperative organization, is dedicated to encouraging thrift and savings among its members. By pooling their resources, members of this financial institution have access to affordable credit at interest rates determined by the board of directors. This cooperative structure allows members to have control over their own money, with earnings, savings, benefits, or services being distributed back to them as patronage.
As a cooperative, Technology Credit Union operates with the mutual benefit and general welfare of its members in mind. It provides an opportunity for individuals to save and borrow money in a democratic manner, ultimately improving their economic and social conditions. The credit union's business model prioritizes the well-being of its members, making it an essential financial partner for those seeking to save and build a better financial future.
Impact
This information is meant to be a general summary of Technology Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Technology Credit Union's impact lies in its ability to promote thrift and savings among its members through convenient and secure online banking services. With over 168,000 members from 433 member companies, Tech CU empowers individuals to manage their finances anytime and anywhere at no additional cost. By offering features such as viewing account balances, downloading account history, and making payments or transfers easily, Tech CU enhances its members' financial well-being.
Through its mission of providing a democratic platform for members to use and control their money, Technology Credit Union contributes to improving the economic and social conditions of its community. By operating as a cooperative, Tech CU ensures that its earnings, savings, benefits, and services are distributed to its members for their mutual benefit and general welfare. This commitment to the public benefit underscores Technology Credit Union's positive impact on the financial lives of its members.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$151,319,263
OTHER OPERATING INCOME
Revenue
$7,968,647
FEE INCOME
Revenue
$4,368,673
Organization Details
Founding Year
1960
Phone
(408) 451-9111
Principal Officer
Todd Harris
Main Address
2010 NORTH FIRST STREET SUITE 301, SAN JOSE, CA, 95131
Website
www.techcu.com
NTEE Category
Code: W60 - Public benefit
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