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TECHNOLOGY CREDIT UNION

Jun, 30, 2021 — TECHNOLOGY CREDIT UNION is a federally insured state chartered credit union headquartered in SAN JOSE, CA with 10 branch locations and about $3.84 billion in total assets. Opened 61 years ago in 1960, TECHNOLOGY CREDIT UNION has about 148,144 members and employs 284 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 121181976
Name:TECHNOLOGY CREDIT UNION
Address:
(Main Office)
2010 N 1ST ST
SAN JOSE, CA 95131-2018
Phone:(408) 451-9111
Fax:(408) 436-1277
Website:http://www.techcu.com
Branches:10 branch locations
Members:148,144
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68383
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1960
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$3,838,821,375
CEO/Manager:Todd Harris
Chairperson:Mical Atz Brenzel

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 274,468,202
TOTAL INVESTMENTS 745,349,174
Loans Held for Sale 0
 
 Real Estate Loans 1,094,542,236
 Unsecured Loans 102,946,001
 Other Loans 1,585,305,826
 TOTAL LOANS 2,782,806,825
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -24,598,551
 Land And Building 10,192,282
 Other Fixed Assets 10,903,202
 NCUSIF Deposit 23,365,048
 All Other Assets 16,335,193
  TOTAL ASSETS 3,838,821,375
LIABILITIES & CAPITAL:  
 Dividends Payable 361,736
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 18,696,247
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 155,904,530
 Regular shares 1,324,036,969
 All Other Shares & Deposits 1,940,735,163
  TOTAL SHARES & DEPOSITS 3,420,676,662
  TOTAL LIABILITIES 3,439,734,645
 Regular Reserve 13,608,735
 Other Reserves 1,348,191
 Undivided Earnings 384,129,804
  TOTAL EQUITY 399,086,730
  TOTAL LIABILITIES, SHARES, & EQUITY 3,838,821,375
INCOME & EXPENSE  
 Loan Income 64,195,909
 Investment Income 4,584,980
 Other Income 2,407,684
 Total Employee Compensation & Benefits 19,689,347
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 15,392,160
 Non-operating Income & (Expense) 136,772
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 111,913
 Cost of Funds 8,658,306
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 38,620,561
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