Jun, 30, 2024 — TECHNOLOGY CREDIT UNION is a federally insured state chartered credit union headquartered in SAN JOSE, CA with 10 branch locations and about $4.39 billion in total assets. Opened 65 years ago in 1960, TECHNOLOGY CREDIT UNION has about 164,249 members and employs 324 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| 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: | https://www.techcu.com |
| Branches: | 10 branch locations |
| Members: | 164,249 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,387,763,390 |
| CEO/Manager: | Todd Harris |
| Chairperson: | Mical Atz Brenzel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 165,274,246 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,381,972,123 |
| Unsecured Loans | 11,926,772 |
| Other Loans | 2,034,868,606 |
| TOTAL LOANS | 3,428,779,645 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,488,611 |
| Land And Building | 13,408,032 |
| Other Fixed Assets | 12,918,967 |
| NCUSIF Deposit | 24,842,433 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,387,763,390 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,445,054 |
| Notes & Interest Payable | 305,000,000 |
| Accounts Payable & Other Liabilities | 45,694,128 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 147,608,887 |
| Regular shares | 1,415,349,879 |
| All Other Shares & Deposits | 2,096,728,738 |
| TOTAL SHARES & DEPOSITS | 3,659,687,504 |
| TOTAL LIABILITIES | 4,011,826,686 |
| Regular Reserve | 0 |
| Other Reserves | -92,970,937 |
| Undivided Earnings | 468,907,641 |
| TOTAL EQUITY | 375,936,704 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,387,763,390 |
| INCOME & EXPENSE | |
| Loan Income | 108,848,817 |
| Investment Income | 14,107,366 |
| Other Income | 3,213,227 |
| Total Employee Compensation & Benefits | 35,647,648 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 26,536,607 |
| Non-operating Income & (Expense) | 257,248 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,884,839 |
| Cost of Funds | 21,103,619 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 44,613,929 |
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