SOURCE: Technology Credit Union

August 27, 2007 17:27 ET

Technology Credit Union Opens Its Tenth Financial Center -- Third Location in the East Bay

Scholarships, Community Giving and Sweepstakes Are Planned for Tech CU's Newark Grand Opening Celebration

SAN JOSE, CA--(Marketwire - August 27, 2007) - Technology Credit Union (Tech CU) is pleased to announce the opening on Monday, August 20th of its newest full-service Financial Center in the East Bay located in Newark at 34887 Newark Boulevard.

Tech CU has three East Bay financial centers which are located in Dublin, Fremont and now Newark, and its membership is open to anyone living, working, going to school or worshipping in Santa Clara, Alameda, Contra Costa, Santa Cruz, San Mateo and San Francisco counties. Its other 7 locations are located in San Jose (2 offices), Sunnyvale, Cupertino, Mountain View, Milpitas and Santa Clara. A third location in San Jose is planned to open by year-end.

To celebrate the opening, Tech CU is currently offering an exclusive Certificate rate special that is available exclusively at the Newark location -- 6.00% APY for 6 months, requiring only $1,000 to open. Also on opening day, members who opened a new account or made a transaction received a $5 Jamba Juice card.

"A large segment of our membership works in Silicon Valley but lives in the East Bay," said Kenneth Burns, President and CEO of Tech CU, "and so to meet their needs, it make sense for us to increasingly grow our branch network in that area. Tech CU's opening a full-service branch in Newark marks another milestone for us in terms of increasing convenience for members, and we look forward to being a strong business partner and contributing member to this community."

Members, along with the Newark community, responded enthusiastically to the opening of Tech CU's newest location, with over 40 individuals joining the credit union on opening day, and over $500,000 in new deposits received.

As part of its ongoing Grand Opening Celebration throughout September and October, the credit union is also sponsoring several community and promotional events, including:

--  Tech CU Grand Opening Celebration & Sweepstakes: Individuals can enter
    the Sweepstakes drawing at the Newark branch. Prizes include a $1,500
    shopping spree at Santana Row, a Nintendo Wii, gift baskets and more. The
    drawings will take place at the official Newark Grand Opening Celebration
    to be held on September 15 from 11:00 am to 1:00 pm. Music, food and
    giveaways are also planned for the event.
    
--  Tech CU's Class of 2008 Scholarship Fund: Tech CU is now accepting
    applications for its scholarship program for incoming high school seniors
    (graduating in 2008) planning to attend college, totaling $10,000. For more
    information about applying and application packages, go to
    http://www.techcu.com/scholarship. The deadline for submitting applications
    is September 30, 2007.
    
--  Community Beautification Project: Tech CU has partnered with United We
    Paint, a community outreach program that solicits volunteers, donations and
    materials for beautification projects in targeted communities. On Saturday,
    October 6th, Tech CU will sponsor a United We Paint initiative in Newark
    which will paint the home-based daycare business of Carol Stevenson, a
    breast cancer survivor who also suffers from chronic arthritis. Having
    established her daycare in 1994, Ms. Stevenson has cared for hundreds of
    children in the Newark area, offering affordable daycare for working moms
    and dads.
    

ABOUT TECHNOLOGY CREDIT UNION

Technology Credit Union is a full-service, financial institution serving individuals who work, live, go to school or regularly worship in Santa Clara, Alameda, Contra Costa, Santa Cruz, San Mateo and San Francisco counties. Tech CU was started in 1960 and is now among the top 1 percent of the nation's largest credit unions. With nearly $1.3 billion in assets, offering an extensive range of deposit and loan products, plus online services and 10 full-service branches around the Bay Area, Tech CU is a leader in the credit union industry.

Tech CU Newark Financial Center
Main Phone: (510) 742-1551
Location: 34887 Newark Blvd., Newark, CA 94560
Hours of Operation: 9:30 a.m. to 6:00 p.m. (M-F)
Financial Center Manager: Shawn Sheykhi

Contact Information

  • Contact Information:
    Tawnya Lancaster
    408-205-1618
    tlancaster@lancaster-group.com

    Karen Crabtree
    Phone: 408-441-4736
    kcrabtree@techcu.com

    Tech CU Newark Financial Center
    Main Phone: (510) 742-1551
    Location: 34887 Newark Blvd., Newark, CA 94560
    Hours of Operation: 9:30 a.m. to 6:00 p.m. (M-F)
    Financial Center Manager: Shawn Sheykhi