SAN JOSE, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TECHNOLOGY CREDIT UNION, founded in 1960, is a major nonprofit that reported $235.3M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $218.8M left a modest 7% surplus.
TECHNOLOGY CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, TECHNOLOGY CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.
DURING 2023 TECHNOLOGY CREDIT UNION HAD 169,002 MEMBERS WITH 434 MEMBER COMPANIES. TO ENHANCE MEMBERS' EASY ACCESS ANYWHERE AND ANYTIME AT NO COST TO THE MEMBERS, TECH CU PROVIDES ONLINE BANKING...
DURING 2023 TECHNOLOGY CREDIT UNION HAD 169,002 MEMBERS WITH 434 MEMBER COMPANIES. TO ENHANCE MEMBERS' EASY ACCESS ANYWHERE AND ANYTIME AT NO COST TO THE MEMBERS, TECH CU PROVIDES ONLINE BANKING SERVICES. SOME OF THE FEATURES ARE THE ABILITY TO VIEW ACCOUNT BALANCES, VIEW OR DOWNLOAD ACCOUNT HISTORY, VIEW IMAGES OF CLEARED CHECKS AND VIEW PENDING TRANSACTIONS. ALSO, MEMBERS HAVE THE PRIVILEGE TO MAKE OR SCHEDULE PAYMENTS FOR TRANSFER BETWEEN TECH CU ACCOUNTS OR OTHER FINANCIAL INSTITUTIONS. MEMBERS CAN ALSO PAY THEIR BILLS USING THE TECH CU BILL PAY ONLINE. THE ONLINE BANKING SERVICES ENABLE MEMBERS TO MANAGE THEIR ACCOUNT(S) CONVENIENTLY FROM RECEIVING EMAIL ALERTS ON THE ACCOUNT ACTIVITY TO PLACING A STOP PAYMENT ON AN OUTGOING CHECK. MEMBERS CAN UPDATE THEIR PROFILE AND GAIN ACCESS TO A SECURED EMAIL. TECH CU ONLINE BANKING USES THE MOST ADVANCED ENCRYPTION STANDARDS TO PROTECT ACCOUNTS AND TO CONDUCT FINANCIAL BUSINESS. THE INNOVATIVE LOGIN SECURITY SYSTEM ENSURES PERSONAL ACCESS AND SECURITY OF ACCOUNT INFORMATION.
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...
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $235,250,527 | $196,279,690 | +0.2% |
| Expenses | $218,781,071 | $137,568,880 | +0.6% |
| Net Income | $16,469,456 | $58,710,810 | -0.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICAL BRENZEL | CHAIRMAN | 3.00 |
Director
|
$12,102 | $0 | $12,102 |
| BARBARA KAMM | VICE CHAIRMAN | 3.00 |
Director
|
$12,449 | $0 | $12,449 |
| KIRK BLOEDE | DIRECTOR | 3.00 |
Director
|
$5,049 | $0 | $5,049 |
| MADONNA BOLANO | DIRECTOR | 3.00 |
Director
|
$13,145 | $0 | $13,145 |
| KAREN BROCHIER | DIRECTOR | 3.00 |
Director
|
$17,710 | $0 | $17,710 |
| PETER DONAHOWER | DIRECTOR | 3.00 |
Director
|
$5,694 | $0 | $5,694 |
| ROBERT R HERB | DIRECTOR | 3.00 |
Director
|
$16,581 | $0 | $16,581 |
| DEEPTI JAGGI | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| SUNIL NAGDEV | DIRECTOR | 3.00 |
Director
|
$2,947 | $0 | $2,947 |
| CAROL MACKINLAY | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| JOE SHEPELA FORMER | DIRECTOR | 3.00 |
Director
|
$9,548 | $0 | $9,548 |
| JEFF LEE | SUPV CMTE CHAIRMAN | 2.00 |
Director
|
$8,610 | $0 | $8,610 |
| FIRASAT ALI | SUPV CMTE MEMBER | 1.50 |
Director
|
$14,369 | $0 | $14,369 |
| JESSICA CASSINELLI | SUPV CMTE MEMBER | 1.50 |
Director
|
$0 | $0 | $0 |
| FAISAL JEDDY | SUPV CMTE MEMBER | 1.50 |
Director
|
$4,974 | $0 | $4,974 |
| BOB LUONG | SUPV CMTE MEMBER | 1.50 |
Director
|
$5,723 | $0 | $5,723 |
| TODD HARRIS | CEO, SECRETARY/TREASURER | 40.00 |
Officer
Director
|
$1,014,556 | $65,099 | $1,079,655 |
| JEANNINE M JACOBSEN | EVP, CHIEF OPERATING OFFICER | 40.00 |
Officer
|
$506,317 | $35,001 | $541,318 |
| RICHARD HANZ | EVP, CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$471,211 | $65,315 | $536,526 |
| SUNDER SRINIVASAN | EVP, CHIEF INFORMATION OFFICER | 40.00 |
Officer
|
$459,926 | $64,419 | $524,345 |
| ROBERT REED | EVP, CHIEF RETAIL BANKING OFFICER | 40.00 |
Officer
|
$454,011 | $18,092 | $472,103 |
| JOSEPH ANZALONE | EVP, CHIEF COMMERCIAL BANKING OFFICER | 40.00 |
Officer
|
$421,947 | $64,435 | $486,382 |
| DOUGLAS STOVELAND | EVP, CHIEF CREDIT OFFICER | 40.00 |
Officer
|
$401,232 | $65,401 | $466,633 |
| FAWZIA SARWAR-SHAYEK | SVP, RETAIL BANKING | 40.00 |
Key Emp
|
$312,633 | $48,430 | $361,063 |
| M ANGELES HERNANDEZ | SVP, HEAD OF EMERGING RETAIL LENDING | 40.00 |
Key Emp
|
$301,610 | $31,838 | $333,448 |
| FRANCA LOVELACE | HEAD OF ENTERPRISE RISK MANAGEMENT | 40.00 |
Key Emp
|
$289,634 | $39,712 | $329,346 |
| NATALIA LAU | SVP, CONTROLLER | 40.00 |
Key Emp
|
$266,338 | $18,298 | $284,636 |
| JEANNINE L CREIGHTON-BOETTCHER | HEAD OF HUMAN RESOURCES & CORPORATE SERVICES | 40.00 |
Key Emp
|
$268,792 | $49,626 | $318,418 |
| JOSHUA BLUHM | SVP, HEAD OF RETAIL CREDIT RISK & OPERATIONS | 40.00 |
Key Emp
|
$258,845 | $29,531 | $288,376 |
| FRED D ABAJELO | SR. FINANCIAL ADVISOR | 40.00 |
Highest
|
$553,340 | $33,649 | $586,989 |
| NIKI WONG | SVP, COMMERCIAL/SBA LENDING & OPERATIONS MANAGER | 40.00 |
Highest
|
$291,518 | $44,612 | $336,130 |
| SHOU MEI TERESA WU | SVP, COMMERCIAL CREDIT ADMINISTRATION | 40.00 |
Highest
|
$289,663 | $38,548 | $328,211 |
| HENRY S NOON IV | SVP HEAD OF ASSET-BASED LENDING | 40.00 |
Highest
|
$273,205 | $65,892 | $339,097 |
| AZAD RAD | SVP WEALTH MANAGEMENT | 40.00 |
Highest
|
$269,918 | $60,019 | $329,937 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $235,250,527 | $218,781,071 | $4,826,094,258 | $16,469,456 |
| 2022 | $196,279,690 | $137,568,880 | $4,544,569,780 | $58,710,810 |
| 2021 | $173,209,130 | $94,424,660 | $4,123,158,923 | $78,784,470 |
| 2020 | $137,209,016 | $100,803,253 | $3,691,098,663 | $36,405,763 |
| 2019 | $132,366,057 | $100,705,942 | $3,045,579,402 | $31,660,115 |
| 2018 | $111,143,972 | $78,011,462 | $2,735,042,383 | $33,132,510 |
Compare TECHNOLOGY CREDIT UNION with other nonprofits in California and across the country.