SAN JOSE, Calif., July 10, 2018 (GLOBE NEWSWIRE) -- Tech CU (Technology Credit Union) announced today that for the second year in a row, it was selected as a Top 100 Bay Area Corporate Philanthropist by the San Francisco Business Times. The credit union was also named the best niche sector credit union in the U.S. by the International Finance Awards. Lastly, its CEO, Todd Harris was honored with a gold CEO achievement award.
Each year, the San Francisco Business Times compiles a list of the top 100 most philanthropic companies in the region. In 2017, Tech CU along with its employees and members, donated more than $190,000 (including 1200 holiday gifts and more than 150 school backpacks/school supplies for low income families and students); and provided over 500 volunteer hours to various organizations including the Family Giving Tree, Stand Up for Kids, the Tech Museum and the Second Harvest Food Bank. Employees and members also donated more than 22,000 meals (through cash and food) to the Second Harvest Food Bank. Since 2007, Tech CU has invested more than $1.7 million in Bay Area communities.
“At Tech CU, we believe in giving back to the communities we serve and we’re proud to be recognized as one of the most generous companies in the Bay Area,” said Todd Harris, CEO of Tech CU. “The Bay Area has always been expensive to live in and in recent years, the cost of living has skyrocketed. We know that the high cost of living often means people may have to cut back in other areas such as buying school supplies for their children or skipping a meal. That’s why we not only volunteer our time and donate money and supplies, but also participate in a number of affordable housing initiatives.”
The company was named the best niche sector credit union in the U.S. by Acquisition International’s International Finance Awards, which aims to recognize the key players, businesses and individuals whose work and tireless effort help to grow and support the world’s economy. From banking institutions and accountants, to the wealth and asset management firms, the award recognizes the best each sector has to offer.
Lastly, Harris was honored with a gold CEO achievement award from the CEO World Awards, a program dedicated to recognizing the best in leadership, innovation, organizational performance, new products and services, corporate social responsibility, and milestones from a variety of industries. Since becoming CEO in 2016, Harris has improved earnings (which Tech CU returned to members via fee removal and higher deposit rates), grown membership and increased total assets; all to record levels.
About Tech CU
Tech CU (Technology Credit Union) is a $2.5 billion credit union, making it one of the 20 largest credit unions in California. It serves more than 100,000 members throughout the San Francisco Bay Area — including employees of such companies as Tesla, eBay, Applied Materials, Nvidia and Facebook. As a federally insured not-for-profit organization, instead of maximizing profits to pay company stockholders, we invest our resources to deliver lower rates, outstanding service and member benefits. Founded in 1960 by the innovative employees of Fairchild Semiconductor, today we continue to be an industry leader, providing convenient and easy-to-use financial products for all stages of our members’ lives, including personal banking, wealth management, private banking, commercial lending and business banking. In 2018, Tech CU was named the best performing credit union in CA, and third top-performing credit union in the U.S. among 538 credit unions by S&P Global Market Intelligence. To learn more, please visit: www.techcu.com.
Public Relations, Tech CU