SOURCE: Tech CU (Technology Credit Union)

Tech CU

November 18, 2015 14:30 ET

Tech CU Partners With Stockpile, Making It Easier Than Ever to Acquire and Gift Stock

Members Can Now Buy Stock in the World's Most Popular Brands

SAN JOSE, CA--(Marketwired - November 18, 2015) - Tech CU (Technology Credit Union) announced today it will be the first credit union in the U.S. to partner with Stockpile, a company that has made it easy and affordable to buy stock or gift stock to others. Tech CU members can purchase fractional shares of stock or ETFs (Exchange Traded Funds) in many of the world's largest companies for any amount they feel comfortable with, beginning as low as one dollar.

These stock purchases can be used for a variety of purposes, including employee incentives or gifts for the holidays and special events, such as the birth of a child or graduation. Members can gift as little as $1 worth of stock and as much as $1,000.

"This is an innovative partnership that makes buying stock accessible to anyone," said Tech CU's SVP of Wealth Management, Rebecca Matteson Nelson. "It can be a first step for many who want to be more knowledgeable about stock investing or who want to help a loved one by opening a custodial account for their future. It's also a great tool for teaching financial literacy."

Whether purchasing stock for yourself or gifting to another, the process can be done within minutes using a debit or credit card. Members can go to Tech CU's web site to learn more. They'll be able to choose from hundreds of brand-name companies, including every stock in the S&P 500 (Facebook, Paypal, Tesla, Whole Foods and more), ETF's and stocks in foreign companies such as Porsche.

A personalized gift card can be printed or sent to the recipient via email. And, members can just as easily buy stock for themselves by setting up their own brokerage account. Individuals can hold on to their stock, track its progress, buy more or sell it for cash.

"Stockpile is proud to partner with Tech CU to allow all of their members an easy and affordable way to access the U.S. stock market," said Dan Schatt, chief commercial officer for Stockpile. "We look forward to delighting Tech CU members and making it easier than ever for them to save and invest."

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Tech CU is a $2.0 billion credit union serving more than 70,000 members throughout the San Francisco Bay Area -- including employees of such companies as Tesla, eBay, Applied Materials, Nvidia and Facebook. A federally insured, not-for-profit organization, we put the financial interests of our members ahead of shareholder profit by helping members achieve their financial goals on their terms and sharing the benefits of our growth. Founded in 1960 by a group of forward-thinking employees at Fairchild Semiconductor, today we continue to be an industry leader, providing innovative financial products for all stages of our members' lives, including personal banking, wealth management, private banking, commercial lending and business banking. Tech CU consistently achieves a customer satisfaction rating above 95 percent and maintains a 5-star rating from Bauer Financial, the nation's largest independent rating service for financial institutions. And, with mobile and online banking, 65,000+ fee-free ATMs worldwide (more than Chase, Bank of America and Wells Fargo combined) and convenient branch access to our financial experts, Tech CU makes 24/7 banking easy and empowering.

About Stockpile

Stockpile Gift Cards -- now available at major grocery stores and retailers in addition to online -- can be redeemed for stock in your favorite companies. Buy them for yourself or give them to friends and family of any age, even minors who can open a custodial account with an adult. Buy or sell stock in the account for only 99 cents and there are no account minimums. Founded in 2010 and headquartered in Palo Alto, Calif., Stockpile promotes financial inclusion, empowerment and literacy by enabling access for all to the financial markets. To learn more about this convenient and delightful way to invest, visit

© 2015 Technology Credit Union. All rights reserved. Federally insured by NCUA. Equal housing lender.

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