Technology Credit Union

Overview / Commentary
2010 N 1st St
San Jose, CA 95131

Technology Credit Union is headquartered in San Jose and is the 17th largest credit union in the state of California. It is also the 85th largest credit union in the nation. It was established in 1960 and as of September of 2021, it had grown to 282 employees and 151,927 members at 10 locations. Technology Credit Union's money market rates are 36% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Technology Credit Union is open through a membership in the Financial Fitness Association ($8 membership fee). Membership is also open to those who live, work, attend school or worship in Santa Clara, Alameda, San Mateo, Santa Cruz, Contra Costa, or San Francisco Counties and to employees of any of the following select employer groups: American Cancer Society, American Diabetes Association, Cisco Systems, Inc. Ebay, Inc. or any of the over 300 SEGs (a full list of groups can be found in the credit union's online application).
See current membership details

Not Great, Not Terrible

Posted by: |

- Pleasant online banking experience
- No maintenance fees for basic checking

- Rates aren't competitive: No rewards checking, higher loan rates than you can find elsewhere
- Credit cards offerings are pretty bland

I opened this account because they offered a bonus, but I don't have any incentive to keep it once the minimum time is up.

Stay Away From This Bank.

Posted by: |

Stay away from this bank. I had an item in dispute for OVER 7 MONTHS!! During this time you NEVER communicated unless I reached out for an update. I needed your assistance with an issue I had with
a merchant not delivering goods and you favored them. They basically allowed the merchant to steal from me and left me hanging for 7 months.

Online Access Restricted For ACH Transfers

Posted by: |

Tech CU restricted my online access to my accounts due to conducting "too many ACH transfers" according to their "internal policy" (read: undisclosed and unknown), and would not reinstate access. There are no restrictions or limits on the number or frequency of ACH transfers noted in Tech CU's Member Handbook, and I've been with them since 2012. Do not bank with Tech CU; it's simply not worth your time or your nerves. Choose another banking provider that will regard and treat you as a customer and a human being, not a running balance and a collection of transactions.

Not Converting To A Bank (But Not That Great Either)

The credit union did try to convert to a bank a few years ago, and the membership resoundingly rejected it. However, the management stayed in place and members were unable to create change. I left some money on deposit, but I'm in the process of cleaning it and moving it from a savings account paying 0.05% APY to something much higher. By moving the savings to another institution, I'll be getting as much interest every month (1.00% APY) as I do in a year at Tech CU.

Rates aren't that great, and the web tools are antiquated. I'll probably keep the account because it's always worth staying a member, but it's definitely way down on the list of CUs that I recommend.



Health Grade Components

NCUA #68383
Year Chartered1960
Primary Regulator
Profit Margin
Return on Assets - YTD2.02%
Return on Equity - YTD18.85%
Annual Interest Income$104.5MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$3.94B$3.51B
LoansQ3 2021vs Q3 2020$2.82B$2.56B
DepositsQ3 2021vs Q3 2020$3.50B$3.11B
Equity CapitalQ3 2021vs Q3 2020$417.2MM$354.7MM
Loan Loss AllowanceQ3 2021vs Q3 2020$24.3MM$25.4MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$5.9MM$6.2MM
Real Estate OwnedQ3 2021vs Q3 2020$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Technology Credit Union Savings Account Rates

0.50%*$2.5k*-Health Savings Account
OTHER TIERS: 0.40% Up to $2.5k
0.40%*$150k*-Insured Investment Account
OTHER TIERS: 0.20% $2.5k - $25k | 0.25% $25k - $50k | 0.35% $50k - $150k
0.20%$25-Share Savings Account
0.20%$25-Business Savings Account
0.20%--Individual Retirement Account

Technology Credit Union Money Market Rates

0.60%*$1m*-Money Market Plus Account
OTHER TIERS: 0.25% $2.5k - $25k | 0.35% $25k - $100k | 0.40% $100k - $150k | 0.45% $150k - $300k | 0.50% $300k - $500k | 0.55% $500k - $1m
0.60%*$1m*-Business Money Market Plus Accounts
OTHER TIERS: 0.25% $2.5k - $25k | 0.35% $25k - $100k | 0.40% $100k - $150k | 0.45% $150k - $300k | 0.50% $300k - $500k | 0.55% $500k - $1m
0.40%*$150k*-Business Money Market Account
OTHER TIERS: 0.20% $2.5k - $25k | 0.25% $25k - $50k | 0.35% $50k - $150k

Technology Credit Union Checking Account Rates

0.10%--Business Interest Checking
0.10%--Interest Checking

Technology Credit Union CD Rates

1.20%$1k-60 Month Flextime CD
1.20%$95k-60 Month Jumbo Flextime CD
1.20%$95k-Business 60 Month Jumbo CD
1.20%$1k-Business 60 Month Flextime CD
0.80%$1k-48 - 59 Month Flextime CD
0.80%$95k-48 - 59 Month Jumbo Flextime CD
0.80%$95k-Business 48 Month Jumbo CD
0.80%$1k-Business 48 Month Flextime CD
0.75%$1k-36 - 47 Month Flextime CD
0.75%$95k-36 - 47 Month Jumbo Flextime CD
0.75%$95k-Business 36 Month Jumbo CD
0.75%$1k-Business 36 Month Flextime CD
0.70%$1k-24 - 35 Month Flextime CD
0.70%$95k-24 - 35 Month Jumbo Flextime CD
0.70%$95k-Business 24 Month Jumbo CD
0.70%$1k-Business 24 Month Flextime CD
0.70%$1k-24 Month Raise My Rate CD
0.70%$95k-24 Month Raise My Rate Jumbo CD
0.70%$1k-Business 24 Month Raise My Rate Flextime CD
0.70%$95k-Business 24 Month Raise My Rate Jumbo CD
0.65%$1k-18 - 23 Month Flextime CD
0.65%$95k-18 - 23 Month Jumbo Flextime CD
0.65%$1k-Business 18 Month Flextime CD
0.65%$95k-Business 18 Month Jumbo CD
0.65%$1k-18 Month Raise My Rate CD
0.65%$95k-18 Month Raise My Rate Jumbo CD
0.65%$1k-Business 18 Month Raise My Rate Flextime CD
0.65%$95k-Business 18 Month Raise My Rate Jumbo CD
0.60%$1k-12 - 17 Month Flextime CD
0.60%$95k-12 - 17 Month Jumbo Flextime CD
0.60%$95k-Business 12 Month Jumbo CD
0.60%$1k-Business 12 Month Flextime CD
0.35%$1k-6 - 8 Month Flextime CD
0.35%$1k-9 - 11 Month Flextime CD
0.35%$95k-6 - 8 Month Jumbo Flextime CD
0.35%$95k-9 - 11 Month Jumbo Flextime CD
0.35%$95k-Business 6 Month Jumbo CD
0.35%$95k-Business 9 Month Jumbo CD
0.35%$1k-Business 6 Month Flextime CD
0.35%$1k-Business 9 Month Flextime CD
0.30%$1k-3 - 5 Month Flextime CD
0.30%$95k-3 - 5 Month Jumbo Flextime CD
0.30%$95k-Business 3 Month Jumbo CD
0.30%$1k-Business 3 Month Flextime CD
0.20%$95k-2 Month Jumbo Flextime CD
0.20%$95k-Business 2 Month Jumbo CD
0.10%$95k-1 Month Jumbo Flextime CD
0.10%$95k-Business 1 Month Jumbo CD
0.05%$95k-14 - 29 Day Jumbo Flextime CD
0.05%$95k-Business 14 - 29 Day Jumbo CD

Technology Credit Union IRA Rates

1.20%$1k-60 Month IRA
1.20%$95k-60 Month Jumbo IRA
0.80%$1k-48 - 59 Month IRA
0.80%$95k-48 - 59 Month Jumbo IRA
0.75%$1k-36 - 47 Month IRA
0.75%$95k-36 - 47 Month Jumbo IRA
0.70%$1k-24 - 35 Month IRA
0.70%$95k-24 - 35 Month Jumbo IRA
0.65%$1k-18 - 23 Month IRA
0.65%$95k-18 - 23 Month Jumbo IRA
0.60%$1k-12 - 17 Month IRA
0.60%$95k-12 - 17 Month Jumbo IRA
0.35%$1k-6 - 8 Month IRA
0.35%$1k-9 - 11 Month IRA
0.35%$95k-6 - 8 Month Jumbo IRA
0.35%$95k-9 - 11 Month Jumbo IRA
0.30%$1k-3 - 5 Month IRA
0.30%$95k-3 - 5 Month Jumbo IRA
0.20%$95k-2 Month Jumbo IRA
0.10%$95k-1 Month Jumbo IRA
0.05%$95k-14 - 29 Day Jumbo IRA

Cities: Cupertino, Dublin, Fremont, Milpitas, Palo Alto, San Francisco, San Jose, Sunnyvale

Cupertino Branches
Branch Office10051 S De Anza BlvdCupertino, CA 95014-2105

Dublin Branches
Branch Office6601 Dublin Blvd Ste ADublin, CA 94568-3118

Fremont Branches
Branch Office43848 Pacific Commons BlvdFremont, CA 94538

Milpitas Branches
Branch Office360 Cypress DrMilpitas, CA 95035-7906

Palo Alto Branches
Branch Office490 California AvePalo Alto, CA 94306-1900

San Francisco Branches
Branch Office1449 Mission StSan Francisco, CA 94103-2510

San Jose Branches
Branch Office2010 N 1st StSan Jose, CA 95131-2018
Branch Office846 Blossom Hill RdSan Jose, CA 95123-2718
Branch Office1562 S Bascom AveSan Jose, CA 95125-6108

Sunnyvale Branches
Branch Office333 W El Camino RealSunnyvale, CA 94087

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