Technology Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Technology Credit Union is a 501(c)(14) organization based in San Jose, California, registered in 1961, with $239,450,752 in FY2024 revenue. CharityIndex grades it A.
2010 N 1st St Ste 100, San Jose, CA, 95131 EIN 94-1651781 Since 1961
Revenue (FY2024)
$239.5M
▲ 1.8% vs prior year
Expenses (FY2024)
$238.6M
Net assets
$419.8M
Employees
374
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Technology Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating21 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Technology Credit Union: 21 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Technology Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Technology Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
A cooperative, organized for the purpose of promoting thrift and savings among its members.
What they do
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.
Contact & location
- Address
- 2010 N 1st St Ste 100, San Jose, CA, 95131
- City
- San Jose
- State
- California
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $62.8M (FY2013) to $239.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.3BNet assets $419.8M
Operating margin
0.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.8B
Total liabilities
$4.3B
Net assets
$419.8M
Salaries & benefits
$55.1M
23% of expenses
Board members
11
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $239,450,752▲1.8% | $238,575,988▲9.0% | $419,775,006▲2.2% | $4,768,851,732▼1.2% | 990 |
| 2023 | $235,250,527▲19.9% | $218,781,071▲59.0% | $410,689,765▲5.3% | $4,826,094,258▲6.2% | 990 |
| 2022 | $196,279,690▲13.3% | $137,568,880▲45.7% | $389,892,093▼8.7% | $4,544,569,780▲10.2% | 990 |
| 2021 | $173,209,130▲26.2% | $94,424,660▼6.3% | $427,239,067▲16.6% | $4,123,158,923▲11.7% | 990 |
| 2020 | $137,209,016▲3.7% | $100,803,253▲0.1% | $366,568,724▲13.6% | $3,691,098,663▲21.2% | 990 |
| 2019 | $132,366,057▲19.1% | $100,705,942▲29.1% | $322,709,921▲13.5% | $3,045,579,402▲11.4% | 990 |
| 2018 | $111,143,972▲20.2% | $78,011,462▲20.7% | $284,303,580▲12.4% | $2,735,042,383▲10.0% | 990 |
| 2017 | $92,439,784▲26.8% | $64,645,656▲20.1% | $252,985,273▲12.3% | $2,486,059,659▲13.1% | 990 |
| 2016 | $72,902,056▲13.0% | $53,811,377▲8.8% | $225,223,428▲8.7% | $2,197,851,016▲6.4% | 990 |
| 2015 | $64,511,413▲9.1% | $49,457,977▲11.2% | $207,201,496▲5.6% | $2,065,689,522▲13.0% | 990 |
| 2014 | $59,113,306▼5.8% | $44,477,241▼3.2% | $196,218,652▲10.2% | $1,828,556,311▲3.8% | 990 |
| 2013 | $62,772,690 | $45,968,658▼11.6% | $178,137,146▲4.2% | $1,762,161,707▲3.4% | 990 |
| 2012 | — | $51,997,890▼10.5% | $170,900,300▲6.4% | $1,704,859,293▲9.3% | 990 |
| 2011 | — | $58,121,473▼1.6% | $160,692,771▲9.8% | $1,559,265,262▲6.1% | 990 |
| 2010 | — | $59,041,378 | $146,366,344 | $1,468,952,523 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Todd Harris — $933,805 (0.39% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Todd Harris | President/ceo, Secretary/treasurer | 40 | $933,805 |
| Fred D Abajelo | Sr. Financial Advisor | 40 | $521,843 |
| Sunder Srinivasan | Evp, Chief Information Officer | 40 | $489,764 |
| Jeannine M Jacobsen | Evp, Chief Operating Officer | 40 | $473,692 |
| Richard Hanz | Evp, Chief Financial Officer | 40 | $429,541 |
| Robert Reed | Evp, Chief Retail Banking Officer | 40 | $416,716 |
| Douglas Stoveland | Evp, Chief Credit Officer | 40 | $404,118 |
| Joseph Anzalone | Evp,chief Commercial Banking Officer | 40 | $386,106 |
| Kamran Naqvi | Svp, Head of Digital | 40 | $318,588 |
| M Angeles Hernandez | Svp, Head of Emerging Retail Lending Products & St | 40 | $291,686 |
| Fawzia Sarwar-shayek | Svp, Retail Banking | 40 | $290,164 |
| Azad Rad | Svp, Wealth Management | 40 | $284,543 |
| Joshua Bluhm | Svp,head of Retail Credit Risk & Ops | 40 | $281,269 |
| Teresa Wu | Svp, Commercial Credit Admin | 40 | $270,546 |
| Niki Wong | Svp, Commercial/sba Lending & Ops | 40 | $268,452 |
| Jeannine L Creighton-boettcher | Head of Hr & Corporate Services | 40 | $268,051 |
| Franca Lovelace | Head of Enterprise Risk Management | 40 | $258,983 |
| Deborah Krumwiede | Sr. Financial Advisor | 40 | $258,740 |
| Natalia Lau | Svp, Controller | 40 | $257,343 |
| Paulette Mehas | Svp, Treasury | 40 | $248,541 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Sunlight Financial LLC | Loan Servicing | $2,020,349 |
| Hasso Plattner DBA San Jose Sharks LLC | Marketing | $1,305,810 |
| Joseph & Cohen Professional Services | Legal | $1,175,105 |
| Gordon & Rees LLP | Legal | $695,836 |
| Kodiak Solutions LLC | Tech,info and Media | $351,502 |
Grants made · $38K in FY2020
4 grants totaling $38K in FY2020. All grants made by Technology Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| African American Community Services Agency | To promote full participation of african americans and all of santa clara county in the general society. | $10,000 |
| Second Harvest of Silicon Valley | To ensure that anyone who needs a healthy meal can get one. | $10,000 |
| Valley Health Foundation Vhf | To improve existing services, pioneer new models of care, and advance the cause of high quality healthcare for all. | $10,000 |
| Destination Home Sv | Provide support to end homelessness in santa clara county | $7,500 |
Frequently asked questions
- Is Technology Credit Union a legitimate nonprofit?
- Yes. Technology Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 94-1651781, based in San Jose, California.
- What is Technology Credit Union's EIN?
- Technology Credit Union's Employer Identification Number (EIN) is 94-1651781.
- How much revenue does Technology Credit Union report?
- Technology Credit Union reported $239,450,752 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Technology Credit Union have?
- CharityIndex grades Technology Credit Union A, based on financial health (reserves and operating margin).
- How much does Technology Credit Union's highest-paid employee make?
- The highest reported compensation on Technology Credit Union's latest Form 990 is $933,805, paid to Todd Harris (President/ceo, Secretary/treasurer).
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Data for Technology Credit Union (EIN 94-1651781) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.