Featured Savings Rates
Featured Accounts

Technology Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.95%5-year CD5 Year Jumbo CD
0.50%1-year CD12 - 18 Month Jumbo CD
0.05%SavingsShare Savings Account

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

Technology Credit Union is headquartered in San Jose and is the 20th largest credit union in the state of California. It is also the 100th largest credit union in the nation. It was established in 1960 and as of June of 2016, it had grown to 225 employees and 75,840 members at 10 locations. Technology Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership 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 credit union's TechCU@Work Employer Groups.
See current membership details

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Reviews (7)

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.

Warning - Converting To A Bank

Posted by: cactus | Oct 14, 2011

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

Posted by: lyndanni | Oct 12, 2012

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

Posted by: Voodoocat | Apr 20, 2011

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.

Tech Cu Sucks!

Posted by: Anonymous | Feb 25, 2011

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.

Bad Experience

Posted by: Anonymous | Oct 21, 2010

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

Posted by: Anonymous | Oct 2, 2010

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.



Health
A+

Health Grade Components

Overall
NCUA #68383
Year Chartered1960
Employees225
Primary Regulator
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD7.44%
Annual Interest Income$29.7MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$2.08B$1.89B
LoansQ2 2016vs Q2 2015$1.44B$1.18B
DepositsQ2 2016vs Q2 2015$1.85B$1.68B
Equity CapitalQ2 2016vs Q2 2015$221.3MM$205.9MM
Loan Loss AllowanceQ2 2016vs Q2 2015$11.6MM$11.0MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$2.4MM$1.4MM
Real Estate OwnedQ2 2016vs Q2 2015$0$1.5MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$2,500*-Health Savings Account
OTHER TIERS: 0.50% Up to $2,500
0.15%*$150k*-Insured Investment Account
OTHER TIERS: 0.05% $2,500 - $25k | 0.10% $25k - $150k
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$150k*-Money Market Plus Account
OTHER TIERS: 0.05% $2,500 - $25k | 0.10% $25k - $150k
0.15%*$150k*-Business Money Market Plus Accounts
OTHER TIERS: 0.05% $2,500 - $25k | 0.10% $25k - $150k
0.15%*$150k*-Business Money Market Account
OTHER TIERS: 0.05% $2,500 - $25k | 0.10% $25k - $150k

Technology Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Business Interest Checking
0.05%--Interest Checking

Technology Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.95%$1k-5 Year CD
1.95%$95k-5 Year Jumbo CD
1.95%$95k-Business 5 Year Jumbo CD
1.95%$1k-Business 5 Year Flextime CD
1.25%$1k-4 - 5 Year CD
1.25%$95k-4 - 5 Year Jumbo CD
1.25%$95k-Business 4 - 5 Year Jumbo CD
1.25%$1k-Business 4 - 5 Year Flextime CD
1.00%$1k-3 - 4 Year CD
1.00%$95k-3 - 4 Year Jumbo CD
1.00%$95k-Business 3 - 4 Year Jumbo CD
1.00%$1k-Business 3 - 4 Year Flextime CD
0.75%$1k-2 - 3 Year CD
0.75%$95k-2 - 3 Year Jumbo CD
0.75%$95k-Business 2 - 3 Year Jumbo CD
0.75%$1k-Business 2 - 3 Year Flextime CD
0.60%$1k-18 - 24 Month CD
0.60%$95k-18 - 24 Month Jumbo CD
0.60%$1k-Business 18 - 24 Month Flextime CD
0.60%$95k-Business 18 - 24 Month Jumbo CD
0.50%$1k-12 - 18 Month CD
0.50%$95k-12 - 18 Month Jumbo CD
0.50%$95k-Business 12 - 18 Month Jumbo CD
0.50%$1k-Business 12 - 18 Month Flextime CD
0.40%$1k-9 - 12 Month CD
0.40%$95k-9 - 12 Month Jumbo CD
0.40%$95k-Business 9 - 12 Month Jumbo CD
0.40%$1k-Business 9 - 12 Month Flextime CD
0.35%$1k-6 - 9 Month CD
0.35%$95k-6 - 9 Month Jumbo CD
0.35%$95k-Business 6 - 9 Month Jumbo CD
0.35%$1k-Business 6 - 9 Month Flextime CD
0.20%$1k-3 - 6 Month CD
0.20%$95k-3 - 6 Month Jumbo CD
0.20%$95k-Business 3 - 6 Month Jumbo CD
0.20%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.95%$1k-5 Year IRA
1.95%$95k-5 Year Jumbo IRA
1.25%$1k-4 to 5 Year IRA
1.25%$95k-4 to 5 Year Jumbo IRA
1.00%$1k-3 to 4 Year IRA
1.00%$95k-3 to 4 Year Jumbo IRA
0.75%$1k-2 to 3 Year IRA
0.75%$95k-2 to 3 Year Jumbo IRA
0.60%$1k-18 to 24 Month IRA
0.60%$95k-18 to 24 Month Jumbo IRA
0.50%$1k-12 to 18 Month IRA
0.50%$95k-12 to 18 Month Jumbo IRA
0.40%$1k-9 to 12 Month IRA
0.40%$95k-9 to 12 Month Jumbo IRA
0.35%$1k-6 to 9 Month IRA
0.35%$95k-6 to 9 Month Jumbo IRA
0.20%$1k-3 - 6 Month IRA
0.20%$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
Branch Office490 S California AvePalo Alto, CA 94306-1900
Branch Office333 W El Camino RealSunnyvale, CA 94087
Branch Office846A Blossom Hill RdSan Jose, CA 95123-2725
Branch Office360 Cypress DrMilpitas, CA 95035-7906
Branch Office43848 Pacific Commons BlvdFremont, CA 94538
Branch Office6601 Dublin BlvdDublin, CA 94568-3162
Branch Office1562 S Bascom AveSan Jose, CA 95125-6108
Branch Office10051 S De Anza BlvdCupertino, CA 95014-2105
Branch Office1449 Mission StSan Francisco, CA 94103-2510