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408-451-9111
2010 N 1st St
San Jose, CA 95131-2018

Technology Credit Union is headquartered in San Jose and is the 19st largest credit union in the state of California. It is also the 101st largest credit union in the nation. It was established in 1960 and as of March of 2014, it had grown to 220 employees and 71,111 members. Technology Credit Union's savings rates are 15% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Must live, work, go to school or regularly worship in Santa Clara County, Alameda County, Contra Costa County, San Mateo County, San Francisco County or Santa Cruz County. - See Details

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Reviews (6)

Warning - Converting To A Bank

This CU is converting to a bank, which is not in the best interests of the members. 

There is has been a link buried at the bottom of their website for several days. Their webpage has some content that is not secure -- so the bank conversion notice is hidden under Internet Explorer's "Only secure content is displayed" banner at the bottom of the page.  https://www.techcu.com/

Their email newsletter today doesn't mention the bank conversion.

Dissatisfied With Customer Service

I have been banking with Technology Credit union for a couple years and I am completely unsatisfied with the service.  I went to Tech CU to experience the higher interest rates and better customer service they advertise over larger banks. To date - I've seen neither.  Interest rates are low, holds on checks are longer than average, customer service hours on phone are lower and I've had multiple negative experiences with the in-bank personnel related to customer service.

Recently - they charged multiple overdraft fees on my checking account despite having thousands of dollars in the bank.  The prioritization of fees and charges over customer services is disheartening.  I think the move to be a bank has really changed the mindset of employees.  Stick with the bigger banks, you'd be surprised you'll get better service, better rates and lower fees!

Delays In Bill Payment

I had the exact same experience with the first reviewer, "Bad Experience"

My bill pay was also delayed, they claim to mail the check out on the 12th, and the morgage company got it on the 19th. TechCU will stonewall you in not standing by their guarantee. I will be moving to another CU as TechCU is not reliable. I don't trust them with my money.

Bad Experience

I've enrolled into their bill pay service for quite some time and haven't had any problems until recently as they stopped following the rules properly. my biggest payment is to the mortgage company and it seems lately they started sending the check too late: the problem happened twice already and the mortgage company charged me a late charges fee this last time. When I called and talked to credit union support, they told me, that even though I specified the date by which the check should be delivered, they only looking at when the bill is due, not when the grace period ends!!!

After 20 years of using their services, I'm no longer using their service. Should be Zero star.

Technology Credit Union

I've been a customer for 20 years and had to take my business elsewhere as their service deteriorated in the last few years.

The interest on the checking and savings deposits are just the smallest in the industry.

What finally got me totally disgaced was the bill pay service, as they didn't pay my mortgage in time.

 

The irony is that they require you to submit the payment by the 1st of the month, not by the 16th, when it's still safe to pay without the penalty: that's more than half of the month free money:)

I submitted my complaint to the Better Business Bureau, but it's useless...

 

Should be a negative star, not even 1 star.

Tech Cu Sucks!

I have been with this bank for almost 12 years, and I noticed that the service is getting worse. I have some set-ups payment on some bills and and they are always trying to make us late, but the online was set up to the exact dates. They also are making a way to get over draft fees, and if you complain to them, forget about it. All in all, this bank is a technology rip off union. 0 stars. I'm transferring our money to a less greedy bank. Don't go to this bank, and they offer a lower loan even though you have high credit score.



Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Technology Credit Union had $4.8 million in non-current loans and owned real-estate with $199.1 million in equity and loan loss allowances on hand to cover it. This gives Technology Credit Union a Texas Ratio of 2.41% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Technology Credit Union experienced no significant changes from 1.26% as of March 31, 2013 to 2.41% as of March 31, 2014, resulting in a negative change of 90.69%. This indicates that the balance sheet and financial strength for Technology Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Technology Credit Union has increased its total deposits by $63.65 million, resulting in 4.12% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Technology Credit Union has shown is excellent.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Technology Credit Union has $1.8 billion in assets with $199.1 million in equity, resulting in a capitalization level of 11.07%, which is excellent.

Institution Statistics

Overall
NCUA #68383
Year Chartered1960
Employees220
Primary Regulator
Assets and Liabilities
Assets$1.80 billion
Loans$934.61 million
Deposits$1.61 billion
Equity Capital$185.01 million
Loan Loss Allowance$14.09 million
Unbacked Noncurrent Loans$4.80 million
Real Estate Owned$0
Historic Data - March 2013
Assets$1.73 billion
Equity Capital$175.87 million
Loan Loss Allowance$17.69 million
Unbacked Noncurrent Loans$4.80 million
Real Estate Owned$174,000
Profit Margin - Quarterly
Net Interest Margin0.9%
Return on Assets0.89%
Return on Equity8.69%
Interest Income$11.30 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Technology Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Technology Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.60%$2,500-Health Savings Account
0.05%$25-Share Savings Account
0.05%$25-Business Savings Account
0.05%--Individual Retirement Account
0.05%--Roth Individual Retirement Account

Technology Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$150k-Money Market Plus Account
0.15%$150k-Business Money Market Plus
0.15%$150k-Business Money Market Account

Technology Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$150k-Insured Investment Account
0.05%--Business Interest Checking
0.05%--Interest Checking

Technology Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$1k-5 Year CD
1.50%$95k-5 Year Jumbo CD
1.50%$95k-Business 5 Year Jumbo CD
1.50%$1k-Business 5 Year Flextime CD
1.00%$1k-4 - 5 Year CD
1.00%$95k-4 - 5 Year Jumbo CD
1.00%$95k-Business 4 - 5 Year Jumbo CD
1.00%$1k-Business 4 - 5 Year Flextime CD
0.75%$1k-3 - 4 Year CD
0.75%$95k-3 - 4 Year Jumbo CD
0.75%$95k-Business 3 - 4 Year Jumbo CD
0.75%$1k-Business 3 - 4 Year Flextime CD
0.50%$1k-18 - 24 Month CD
0.50%$1k-2 - 3 Year CD
0.50%$95k-18 - 24 Month Jumbo CD
0.50%$95k-2 - 3 Year Jumbo CD
0.50%$1k-Business 18 - 24 Month Flextime CD
0.50%$95k-Business 2 - 3 Year Jumbo CD
0.50%$95k-Business 18 - 24 Month Jumbo CD
0.50%$1k-Business 2 - 3 Year Flextime CD
0.40%$1k-12 - 18 Month CD
0.40%$95k-12 - 18 Month Jumbo CD
0.40%$95k-Business 12 - 18 Month Jumbo CD
0.40%$1k-Business 12 - 18 Month Flextime CD
0.30%$1k-9 - 12 Month CD
0.30%$95k-9 - 12 Month Jumbo CD
0.30%$95k-Business 9 - 12 Month Jumbo CD
0.30%$1k-Business 9 - 12 Month Flextime CD
0.25%$1k-6 - 9 Month CD
0.25%$95k-6 - 9 Month Jumbo CD
0.25%$95k-Business 6 - 9 Month Jumbo CD
0.25%$1k-Business 6 - 9 Month Flextime CD
0.15%$1k-3 - 6 Month CD
0.15%$95k-3 - 6 Month Jumbo CD
0.15%$95k-Business 3 - 6 Month Jumbo CD
0.15%$1k-Business 3 - 6 Month Flextime CD
0.10%$95k-2 - 3 Month Jumbo CD
0.10%$95k-Business 2 - 3 Month Jumbo CD
0.05%$95k-14 - 29 Day Jumbo CD
0.05%$95k-1 - 2 Month Jumbo CD
0.05%$95k-Business 14 - 29 Day Jumbo CD
0.05%$95k-Business 1 - 2 Month Jumbo CD

Technology Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.50%$1k-5 Year IRA
1.50%$95k-5 Year Jumbo IRA
1.00%$1k-4 to 5 Year IRA
1.00%$95k-4 to 5 Year Jumbo IRA
0.75%$1k-3 to 4 Year IRA
0.75%$95k-3 to 4 Year Jumbo IRA
0.50%$1k-18 to 24 Month IRA
0.50%$1k-2 to 3 Year IRA
0.50%$95k-18 to 24 Month Jumbo IRA
0.50%$95k-2 to 3 Year Jumbo IRA
0.40%$1k-12 to 18 Month IRA
0.40%$95k-12 to 18 Month Jumbo IRA
0.30%$1k-9 to 12 Month IRA
0.30%$95k-9 to 12 Month Jumbo IRA
0.25%$1k-6 to 9 Month IRA
0.25%$95k-6 to 9 Month Jumbo IRA
0.15%$1k-3 - 6 Month IRA
0.15%$95k-3 - 6 Month Jumbo IRA
0.10%$95k-2 - 3 Month Jumbo IRA
0.05%$95k-14 - 29 Day Jumbo IRA
0.05%$95k-1 - 2 Month Jumbo IRA
Locations


Technology Credit Union Locations
Branch Office2010 N 1st StSan Jose, CA 95131-2018
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