Nonprofit · EIN 94-1651781
TECHNOLOGY CREDIT UNION
Tax-exempt · SAN JOSE, CA 95131
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $239,450,752 | $238,575,988 | $874,764 | $4,768,851,732 | $4,349,076,726 | $419,775,006 |
| December 31, 2023 | 990 | $235,250,527 | $218,781,071 | $16,469,456 | $4,826,094,258 | $4,415,404,493 | $410,689,765 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $187,716,761
- Investment income
- $51,411,973
- Other revenue
- $322,018
Expenses
- Grants and similar amounts paid
- $72,770
- Compensation of officers, directors and key employees
- $7,738,214
- Other salaries and wages
- $36,042,236
- Salaries, compensation and benefits (total)
- $55,141,398
- Professional fundraising fees
- $0
- Legal fees
- $867,076
- Accounting fees
- $650,193
- Occupancy
- $3,510,532
- Travel
- $329,602
- Depreciation
- $2,726,731
Balance sheet and other
- Total assets, start of year
- $4,826,094,258
- Total assets, end of year
- $4,768,851,732
- Total liabilities, end of year
- $4,349,076,726
- Net assets, end of year
- $419,775,006
- Land, buildings and equipment
- $20,461,593
- Publicly traded securities
- $858,242,613
- Gross unrelated business income
- $4,507,515
- Gross receipts
- $239,450,752
- Employees
- 374
- Volunteers
- 15
- Year formed
- 1960
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TODD HARRIS | PRESIDENT/CEO, SECRETARY/TREASURER Trustee or director, Officer | 40 | $933,805 | $68,122 |
| SUNDER SRINIVASAN | EVP, CHIEF INFORMATION OFFICER Officer | 40 | $489,764 | $67,519 |
| FRED D ABAJELO | SR. FINANCIAL ADVISOR Highest-paid employee | 40 | $521,843 | $35,202 |
| JEANNINE M JACOBSEN | EVP, CHIEF OPERATING OFFICER Officer | 40 | $473,692 | $36,652 |
| RICHARD HANZ | EVP, CHIEF FINANCIAL OFFICER Officer | 40 | $429,541 | $66,970 |
| DOUGLAS STOVELAND | EVP, CHIEF CREDIT OFFICER Officer | 40 | $404,118 | $57,206 |
| JOSEPH ANZALONE | EVP,CHIEF COMMERCIAL BANKING OFFICER Officer | 40 | $386,106 | $65,812 |
| ROBERT REED | EVP, CHIEF RETAIL BANKING OFFICER Officer | 40 | $416,716 | $18,842 |
| AZAD RAD | SVP, WEALTH MANAGEMENT Highest-paid employee | 40 | $284,543 | $57,397 |
| FAWZIA SARWAR-SHAYEK | SVP, RETAIL BANKING Key employee | 40 | $290,164 | $48,802 |
| KAMRAN NAQVI | SVP, HEAD OF DIGITAL Key employee | 40 | $318,588 | $17,519 |
| M ANGELES HERNANDEZ | SVP, HEAD OF EMERGING RETAIL LENDING PRODUCTS & ST Key employee | 40 | $291,686 | $32,234 |
| JEANNINE L CREIGHTON-BOETTCHER | HEAD OF HR & CORPORATE SERVICES Key employee | 40 | $268,051 | $50,517 |
| NIKI WONG | SVP, COMMERCIAL/SBA LENDING & OPS Highest-paid employee | 40 | $268,452 | $44,881 |
| JOSHUA BLUHM | SVP,HEAD OF RETAIL CREDIT RISK & OPS Key employee | 40 | $281,269 | $31,010 |
22 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRANCA LOVELACE | HEAD OF ENTERPRISE RISK MANAGEMENT Key employee | 40 | $258,983 | $50,089 |
| TERESA WU | SVP, COMMERCIAL CREDIT ADMIN Highest-paid employee | 40 | $270,546 | $31,030 |
| DEBORAH KRUMWIEDE | SR. FINANCIAL ADVISOR Highest-paid employee | 40 | $258,740 | $30,627 |
| BRENDA JAIMES | HEAD OF BUSINESS PROCESS SERVICES Key employee | 40 | $247,620 | $41,271 |
| NATALIA LAU | SVP, CONTROLLER Key employee | 40 | $257,343 | $14,393 |
| PAULETTE MEHAS | SVP, TREASURY Key employee | 40 | $248,541 | $16,952 |
| DEEPTI JAGGI | DIRECTOR Trustee or director | 3 | $17,920 | $0 |
| KAREN BROCHIER | DIRECTOR Trustee or director | 3 | $17,483 | $0 |
| FIRASAT ALI | SUPV CMTE VICE CHAIR Trustee or director | 1.5 | $15,794 | $0 |
| MADONNA BOLANO | DIRECTOR Trustee or director | 3 | $14,765 | $0 |
| ROBERT HERB | DIRECTOR Trustee or director | 3 | $13,851 | $0 |
| BARBARA KAMM | BOARD VICE CHAIR Trustee or director | 3 | $11,652 | $0 |
| MICAL BRENZEL | BOARD CHAIRMAN Trustee or director | 3 | $10,919 | $0 |
| JEFF LEE | SUPV CMTE MEMBER Trustee or director | 1.5 | $8,481 | $0 |
| PETER DONAHOWER | DIRECTOR Trustee or director | 3 | $6,588 | $0 |
| BOB LUONG | SUPV CMTE MEMBER Trustee or director | 1.5 | $6,000 | $0 |
| KIRK BLOEDE | DIRECTOR Trustee or director | 3 | $5,747 | $0 |
| FAISAL JEDDY | SUPV CMTE MEMBER Trustee or director | 1.5 | $4,714 | $0 |
| CAROL MACKINLAY | DIRECTOR Trustee or director | 3 | $4,189 | $0 |
| SUNIL NAGDEV | DIRECTOR Trustee or director | 3 | $0 | $0 |
| LINDA ITSKOVITZ | DIRECTOR Trustee or director | 3 | $0 | $0 |
| JESSICA CASSINELLI | SUPV CMTE CHAIRMAN Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TODD HARRIS | CEO, SECRETARY/TREASURER Trustee or director, Officer | 40 | $1,014,556 | $65,099 |
| FRED D ABAJELO | SR. FINANCIAL ADVISOR Highest-paid employee | 40 | $553,340 | $33,649 |
| JEANNINE M JACOBSEN | EVP, CHIEF OPERATING OFFICER Officer | 40 | $506,317 | $35,001 |
| RICHARD HANZ | EVP, CHIEF FINANCIAL OFFICER Officer | 40 | $471,211 | $65,315 |
| SUNDER SRINIVASAN | EVP, CHIEF INFORMATION OFFICER Officer | 40 | $459,926 | $64,419 |
| JOSEPH ANZALONE | EVP, CHIEF COMMERCIAL BANKING OFFICER Officer | 40 | $421,947 | $64,435 |
| ROBERT REED | EVP, CHIEF RETAIL BANKING OFFICER Officer | 40 | $454,011 | $18,092 |
| DOUGLAS STOVELAND | EVP, CHIEF CREDIT OFFICER Officer | 40 | $401,232 | $65,401 |
| FAWZIA SARWAR-SHAYEK | SVP, RETAIL BANKING Key employee | 40 | $312,633 | $48,430 |
| HENRY S NOON IV | SVP HEAD OF ASSET-BASED LENDING Highest-paid employee | 40 | $273,205 | $65,892 |
| NIKI WONG | SVP, COMMERCIAL/SBA LENDING & OPERATIONS MANAGER Highest-paid employee | 40 | $291,518 | $44,612 |
| M ANGELES HERNANDEZ | SVP, HEAD OF EMERGING RETAIL LENDING Key employee | 40 | $301,610 | $31,838 |
| AZAD RAD | SVP WEALTH MANAGEMENT Highest-paid employee | 40 | $269,918 | $60,019 |
| FRANCA LOVELACE | HEAD OF ENTERPRISE RISK MANAGEMENT Key employee | 40 | $289,634 | $39,712 |
| SHOU MEI TERESA WU | SVP, COMMERCIAL CREDIT ADMINISTRATION Highest-paid employee | 40 | $289,663 | $38,548 |
| JEANNINE L CREIGHTON-BOETTCHER | HEAD OF HUMAN RESOURCES & CORPORATE SERVICES Key employee | 40 | $268,792 | $49,626 |
| JOSHUA BLUHM | SVP, HEAD OF RETAIL CREDIT RISK & OPERATIONS Key employee | 40 | $258,845 | $29,531 |
| NATALIA LAU | SVP, CONTROLLER Key employee | 40 | $266,338 | $18,298 |
| KAREN BROCHIER | DIRECTOR Trustee or director | 3 | $17,710 | $0 |
| ROBERT R HERB | DIRECTOR Trustee or director | 3 | $16,581 | $0 |
| FIRASAT ALI | SUPV CMTE MEMBER Trustee or director | 1.5 | $14,369 | $0 |
| MADONNA BOLANO | DIRECTOR Trustee or director | 3 | $13,145 | $0 |
| BARBARA KAMM | VICE CHAIRMAN Trustee or director | 3 | $12,449 | $0 |
| MICAL BRENZEL | CHAIRMAN Trustee or director | 3 | $12,102 | $0 |
| JOE SHEPELA FORMER | DIRECTOR Trustee or director | 3 | $9,548 | $0 |
| JEFF LEE | SUPV CMTE CHAIRMAN Trustee or director | 2 | $8,610 | $0 |
| BOB LUONG | SUPV CMTE MEMBER Trustee or director | 1.5 | $5,723 | $0 |
| PETER DONAHOWER | DIRECTOR Trustee or director | 3 | $5,694 | $0 |
| KIRK BLOEDE | DIRECTOR Trustee or director | 3 | $5,049 | $0 |
| FAISAL JEDDY | SUPV CMTE MEMBER Trustee or director | 1.5 | $4,974 | $0 |
| SUNIL NAGDEV | DIRECTOR Trustee or director | 3 | $2,947 | $0 |
| DEEPTI JAGGI | DIRECTOR Trustee or director | 3 | $0 | $0 |
| CAROL MACKINLAY | DIRECTOR Trustee or director | 3 | $0 | $0 |
| JESSICA CASSINELLI | SUPV CMTE MEMBER Trustee or director | 1.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2010 N 1ST ST STE 100, SAN JOSE, CA 95131-2025
- In care of
- % LAURA BROWN
- Principal officer (990 for 2024)
- TODD HARRIS, 2010 NORTH FIRST STREET SUITE 301, SAN JOSE, CA 95131
- Signed the 990
- RICHARD HANZ, EVP/CFO
- Phone
- (408) 451-9111
- Website
- WWW.TECHCU.COM
- Return prepared by
- TURNER WARREN HWANG & CONRAD ACCTCY
California records
California keeps its own records of charities and corporations. Search them by EIN 94-1651781 or by the name TECHNOLOGY CREDIT UNION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
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.
Program accomplishments
- DURING 2024 TECHNOLOGY CREDIT UNION HAD 201,138 MEMBERS WITH 451 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 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 94-1651781
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1526: CREDIT UNIONS IN THE STATE OF CALIFORNIA
- Assets (IRS master file)
- $4,768,851,732
- Income (IRS master file)
- $239,450,752
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $239,450,752 | $238,575,988 | $4,768,851,732 | XML |
| 990 | December 2023 | $235,250,527 | $218,781,071 | $4,826,094,258 | XML |
| 990 | December 2022 | $196,279,690 | $137,568,880 | $4,544,569,780 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-1651781).
Questions about TECHNOLOGY CREDIT UNION
- What is the EIN of TECHNOLOGY CREDIT UNION?
- The employer identification number (EIN) of TECHNOLOGY CREDIT UNION is 94-1651781.
- Is TECHNOLOGY CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1961.
- Are donations to TECHNOLOGY CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TECHNOLOGY CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TECHNOLOGY CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TECHNOLOGY CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TECHNOLOGY CREDIT UNION?
- The 990 for the year ended December 31, 2024 names TODD HARRIS.
- Who are the officers and directors of TECHNOLOGY CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 37 people; 34 received compensation from the organization, the highest $933,805 (TODD HARRIS, PRESIDENT/CEO, SECRETARY/TREASURER).
- How much revenue does TECHNOLOGY CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $239,450,752, expenses of $238,575,988 and total assets of $4,768,851,732 at year end.
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