Overview
What is Technology Credit Union?
Technology Credit Union is a cooperative organization based in San Jose, California, with over 168,000 members and 433 member companies. Its primary mission is to promote thrift and savings among its members, offering them access to affordable credit and financial services. As part of this mission, Technology Credit Union provides online banking services free of charge to its members, enabling them to manage their accounts with ease. Features include viewing and downloading account history, handling payments and transfers, and paying bills online. The online banking system uses advanced encryption standards for security and allows members to receive account activity alerts and place stop payments. Technology Credit Union operates as a democratic cooperative, with earnings, savings, and benefits being distributed to its members as patronage. The organization employs a team of 361 individuals to serve its members effectively.
Official website here: www.techcu.com
Is Technology Credit Union legitimate?
Technology Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Technology Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $6,191,882
Professional Fundraising Fees: $0
Other Salaries and Wages: $32,152,542
For more financial information, click here
Official website here: www.techcu.com
What is the mission statement of Technology Credit Union?
Technology Credit Union is a cooperative established to encourage savings among its members and provide them with affordable credit. The organization operates with the aim of improving the economic and social conditions of its members. By doing so, it offers its members the opportunity to control their own money on a democratic basis. The earnings, savings, benefits, or services of the credit union are distributed to its members as patronage. Technology Credit Union's business is conducted for the mutual benefit and general welfare of its members.
Official website here: www.techcu.com
Who is the CEO of Technology Credit Union?
Todd Harris is the Ceo, Secretary/Treasurer of Technology Credit Union. The CEO's salary of Technology Credit Union is $935,585 and their total compensation is $996,009.
Official website here: www.techcu.com
What is the revenue of Technology Credit Union?
Technology Credit Union's revenue in 2022 was $196,279,690.
Official website here: www.techcu.com
Who are the executives of Technology Credit Union and what are their salaries?
The average compensation at Technology Credit Union during 2022 was $106,217. There are 361 employees and 15 volunteers at Technology Credit Union.
Here are 32 key members and their salaries (Technology Credit Union's CEO's salary is $935,585 and their total compensation is $996,009):
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- Compensation: $338
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- Compensation: $1,559
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- Compensation: $935,585
- Related: $0
- Other: $60,424
- Compensation: $502,292
- Related: $0
- Other: $31,056
- Compensation: $458,815
- Related: $0
- Other: $60,641
- Compensation: $454,165
- Related: $0
- Other: $16,842
- Compensation: $422,062
- Related: $0
- Other: $60,791
- Compensation: $344,455
- Related: $0
- Other: $60,727
- Compensation: $207,535
- Related: $0
- Other: $18,911
- Compensation: $317,208
- Related: $0
- Other: $45,852
- Compensation: $307,467
- Related: $0
- Other: $31,036
- Compensation: $280,067
- Related: $0
- Other: $29,021
- Compensation: $264,722
- Related: $0
- Other: $17,970
- Compensation: $263,520
- Related: $0
- Other: $47,718
- Compensation: $318,452
- Related: $0
- Other: $31,096
- Compensation: $290,475
- Related: $0
- Other: $42,479
- Compensation: $289,602
- Related: $0
- Other: $44,346
- Compensation: $274,471
- Related: $0
- Other: $62,231
- Compensation: $259,092
- Related: $0
- Other: $55,931
Official website here: www.techcu.com
Where can I find the form 990 for Technology Credit Union?
Technology Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.techcu.com
Learn more at the official website: www.techcu.com
Mission Statement of Technology Credit Union
Technology Credit Union, a cooperative organization, is dedicated to encouraging thrift and savings among its members. By pooling their resources, members of this financial institution have access to affordable credit at interest rates determined by the board of directors. This cooperative structure allows members to have control over their own money, with earnings, savings, benefits, or services being distributed back to them as patronage.
As a cooperative, Technology Credit Union operates with the mutual benefit and general welfare of its members in mind. It provides an opportunity for individuals to save and borrow money in a democratic manner, ultimately improving their economic and social conditions. The credit union's business model prioritizes the well-being of its members, making it an essential financial partner for those seeking to save and build a better financial future.
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Impact
October, 2024
Technology Credit Union significantly impacts its members by promoting thrift and savings through a cooperative model designed for mutual benefit. With a membership base of 168,305 individuals and 433 member companies as of 2022, Tech CU fosters a strong community focused on financial well-being.
The credit union provides its members with easy access to banking services anytime and anywhere, emphasizing convenience and security. Its online banking platform includes features such as viewing account balances, downloading account histories, and managing payments, all designed to facilitate efficient money management. Members can make payments between accounts and manage bills online, all while benefiting from robust security measures that protect their personal and financial information.
Tech CU stands out by empowering its members to take control of their financial futures through democratic practices. The institution sets interest rates based on member needs and board directives, ensuring that profits are reinvested into services that benefit its community. This approach not only enhances economic conditions for members but also strengthens the overall financial stability of the cooperative. By prioritizing the welfare of its members, Technology Credit Union makes a meaningful contribution to their economic and social improvement.
This information is meant to be a general summary of Technology Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $27,917,177
- Program Service Revenue: $163,656,583
- Gross Receipts: $196,279,690
Assets and Liabilities:
- Total Assets: $4,544,569,780
- Total Liabilities: $4,154,677,687
- Net Assets: $389,892,093
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$151,319,263
OTHER OPERATING INCOME
Revenue
$7,968,647
FEE INCOME
Revenue
$4,368,673
Organization Details
Founding Year
1960
Phone
(408) 451-9111Principal Officer
Todd Harris
Main Address
2010 NORTH FIRST STREET SUITE 301, SAN JOSE, CA, 95131
Website
www.techcu.comNTEE Category
Code: W60 - Public benefit
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