Dec, 31, 2023 — TECHNOLOGY CREDIT UNION is a federally insured state chartered credit union headquartered in SAN JOSE, CA with 11 branch locations and about $4.83 billion in total assets. Opened 64 years ago in 1960, TECHNOLOGY CREDIT UNION has about 169,002 members and employs 341 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: | 11 branch locations |
| Members: | 169,002 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,826,094,257 |
| CEO/Manager: | Todd Harris |
| Chairperson: | Mical Atz Brenzel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 599,097,796 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,376,275,782 |
| Unsecured Loans | 8,822,223 |
| Other Loans | 2,152,775,092 |
| TOTAL LOANS | 3,537,882,749 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -35,332,931 |
| Land And Building | 12,322,501 |
| Other Fixed Assets | 9,448,551 |
| NCUSIF Deposit | 26,592,772 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,826,094,257 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 12,967,761 |
| Notes & Interest Payable | 647,164,436 |
| Accounts Payable & Other Liabilities | 56,604,928 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 136,414,999 |
| Regular shares | 1,169,599,206 |
| All Other Shares & Deposits | 2,392,272,145 |
| TOTAL SHARES & DEPOSITS | 3,698,286,350 |
| TOTAL LIABILITIES | 4,415,404,491 |
| Regular Reserve | 0 |
| Other Reserves | -83,341,373 |
| Undivided Earnings | 494,031,139 |
| TOTAL EQUITY | 410,689,766 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,826,094,257 |
| INCOME & EXPENSE | |
| Loan Income | 189,385,210 |
| Investment Income | 32,926,101 |
| Other Income | 3,732,975 |
| Total Employee Compensation & Benefits | 53,776,935 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 43,101,162 |
| Non-operating Income & (Expense) | 314,579 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,590,238 |
| Cost of Funds | 105,312,735 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 16,469,457 |
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