NonprofitsTechnology Credit Union

Technology Credit Union

SAN JOSE, CA

Total revenue

$239.5M

Total expenses

$238.6M

Net assets

$419.8M

Grants received

EIN

941651781

Tax year

2024

Mission

A cooperative, organized for the purpose of promoting thrift and savings among its members.

Programs

3 programs

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 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 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.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$187.7M
Investment income$51.4M
Other revenue$322K
Total revenue$239.5M

Expenses

Grants paid$73K
Salaries & benefits$55.1M
Fundraising
Other expenses$183.4M
Total expenses$238.6M
Total assets$4.8B
Net assets$419.8M

People

37 listed

NameRoleCompensation

TODD HARRIS

PRESIDENT/CEO, SECRETARY/TREASURER

Board

$934K

40 hrs/wk

SUNDER SRINIVASAN

EVP, CHIEF INFORMATION OFFICER

Board

$490K

40 hrs/wk

JEANNINE M JACOBSEN

EVP, CHIEF OPERATING OFFICER

Board

$474K

40 hrs/wk

RICHARD HANZ

EVP, CHIEF FINANCIAL OFFICER

Board

$430K

40 hrs/wk

ROBERT REED

EVP, CHIEF RETAIL BANKING OFFICER

Board

$417K

40 hrs/wk

DOUGLAS STOVELAND

EVP, CHIEF CREDIT OFFICER

Board

$404K

40 hrs/wk

JOSEPH ANZALONE

EVP,CHIEF COMMERCIAL BANKING OFFICER

Board

$386K

40 hrs/wk

DEEPTI JAGGI

DIRECTOR

Board

$18K

3 hrs/wk

KAREN BROCHIER

DIRECTOR

Board

$17K

3 hrs/wk

FIRASAT ALI

SUPV CMTE VICE CHAIR

Board

$16K

1.5 hrs/wk

MADONNA BOLANO

DIRECTOR

Board

$15K

3 hrs/wk

ROBERT HERB

DIRECTOR

Board

$14K

3 hrs/wk

BARBARA KAMM

BOARD VICE CHAIR

Board

$12K

3 hrs/wk

MICAL BRENZEL

BOARD CHAIRMAN

Board

$11K

3 hrs/wk

JEFF LEE

SUPV CMTE MEMBER

Board

$8K

1.5 hrs/wk

PETER DONAHOWER

DIRECTOR

Board

$7K

3 hrs/wk

BOB LUONG

SUPV CMTE MEMBER

Board

$6K

1.5 hrs/wk

KIRK BLOEDE

DIRECTOR

Board

$6K

3 hrs/wk

FAISAL JEDDY

SUPV CMTE MEMBER

Board

$5K

1.5 hrs/wk

CAROL MACKINLAY

DIRECTOR

Board

$4K

3 hrs/wk

LINDA ITSKOVITZ

DIRECTOR

Board

3 hrs/wk

JESSICA CASSINELLI

SUPV CMTE CHAIRMAN

Board

2 hrs/wk

SUNIL NAGDEV

DIRECTOR

Board

3 hrs/wk

FRED D ABAJELO

SR. FINANCIAL ADVISOR

Staff

$522K

40 hrs/wk

KAMRAN NAQVI

SVP, HEAD OF DIGITAL

Staff

$319K

40 hrs/wk

M ANGELES HERNANDEZ

SVP, HEAD OF EMERGING RETAIL LENDING PRODUCTS & ST

Staff

$292K

40 hrs/wk

FAWZIA SARWAR-SHAYEK

SVP, RETAIL BANKING

Staff

$290K

40 hrs/wk

AZAD RAD

SVP, WEALTH MANAGEMENT

Staff

$285K

40 hrs/wk

JOSHUA BLUHM

SVP,HEAD OF RETAIL CREDIT RISK & OPS

Staff

$281K

40 hrs/wk

TERESA WU

SVP, COMMERCIAL CREDIT ADMIN

Staff

$271K

40 hrs/wk

NIKI WONG

SVP, COMMERCIAL/SBA LENDING & OPS

Staff

$268K

40 hrs/wk

JEANNINE L CREIGHTON-BOETTCHER

HEAD OF HR & CORPORATE SERVICES

Staff

$268K

40 hrs/wk

FRANCA LOVELACE

HEAD OF ENTERPRISE RISK MANAGEMENT

Staff

$259K

40 hrs/wk

DEBORAH KRUMWIEDE

SR. FINANCIAL ADVISOR

Staff

$259K

40 hrs/wk

NATALIA LAU

SVP, CONTROLLER

Staff

$257K

40 hrs/wk

PAULETTE MEHAS

SVP, TREASURY

Staff

$249K

40 hrs/wk

BRENDA JAIMES

HEAD OF BUSINESS PROCESS SERVICES

Staff

$248K

40 hrs/wk

Independent contractors

SUNLIGHT FINANCIAL LLC

LOAN SERVICING

$2.0M

HASSO PLATTNER DBA SAN JOSE SHARKS LLC

MARKETING

$1.3M

JOSEPH & COHEN PROFESSIONAL SERVICES

LEGAL

$1.2M

GORDON & REES LLP

LEGAL

$696K

KODIAK SOLUTIONS LLC

TECH,INFO AND MEDIA

$352K

Details

EIN941651781
Subsection14
Ruling date1961-09
Formed1960
Employees374
Volunteers15
TECHNOLOGY CREDIT UNION — Mission, Financials & Grants Received | Grantivo