SOURCE: Technology Credit Union

July 10, 2006 14:30 ET

Technology Credit Union Opens New Financial Center in Cupertino

Scholarships, Community Giving and Member Giveaways Launch Tech CU's Opening Day Celebration on July 5

SAN JOSE, CA -- (MARKET WIRE) -- July 10, 2006 -- Technology Credit Union (Tech CU), among the top one percent of the nation's largest credit unions, is pleased to announce the opening of its newest full-service financial center in Cupertino, Calif., located at 10051 South De Anza Boulevard (at Stevens Creek Boulevard).

The Cupertino Financial Center opened its doors to the public on Wednesday, July 5, 2006. Special events that kicked off the opening on July 5 at the Cupertino Financial Center, included:

--  Giving the first 100 people who came to the Cupertino Financial Center
    and conducted a transaction or joined Tech CU during business hours on
    opening day a free gift.
--  Officially launched Tech CU's Summer Fun Sweepstakes -- with
    opportunities to win a $5,000 travel giveaway. The drawing will take place
    at our Grand Opening Celebration Event on July 29.
--  Tech CU is now accepting applications for its $10,000 Class of 2007
    Scholarship Fund for incoming high school seniors (graduating in 2007).
    Application packages were available at the July 5 event. The deadline for
    submitting applications is August 31, 2006.
--  Tech CU will donate $10 to Cupertino Community Services (CCS) for
    every new membership or account opened at the Cupertino branch between July
    5 and August 31. CCS is a nonprofit, community-based agency that has been
    providing a continuum of basic needs, family and housing services in the
    Cupertino area for more than 30 years. The proceeds raised during our
    celebration will go toward expanding the CCS food bank and its staff,
    available housing and shelters, as well as creating new financial education
    programs such as "Money Smart."
    

"We're excited to establish a presence in the thriving, dynamic community of Cupertino," said Kenneth Burns, President and CEO of Tech CU. "The choice for this eighth full-service branch location in Cupertino is a reflection of our strategic vision for becoming a premier provider of financial services to selected communities, made possible by our recently expanded community charter."

Tech CU's seven other financial centers are located in San Jose, Sunnyvale, Santa Clara, Mountain View, Milpitas, Fremont and Santa Teresa. In addition, Tech CU has a retail mortgage store located in the East Bay in Dublin. With this charter, membership is now open to anyone living, working or going to school in Santa Clara, Alameda, Contra Costa, Santa Cruz, San Mateo and San Francisco counties.

"We look forward to growing our presence in these new communities, providing the same great financial products and personal service that our members have come to expect," Mr. Burns added.

Tech CU's Cupertino Financial Center offers leading-edge financial solutions -- everything from checking and high-yield Certificate accounts, to retirement planning and a wide variety of home loan options and home equity lines of credit -- along with its trademark commitment to quality service. To better serve members, Tech CU's Cupertino Financial Center will be open on Saturdays.

Tech CU Cupertino Financial Center
Main Phone: (408) 467-2387
Location: 10051 S. De Anza Blvd., Cupertino, CA 95014
Hours of Operation: 9:00 a.m. to 5:00 p.m., Monday through Friday, and 9:00
a.m. to 1:00 p.m. on Saturdays.
Contact: Nikki Nasseri (Branch Manager)
About Technology Credit Union

Technology Credit Union is a full-service, member-owned financial institution serving technology and business professionals in California and their families, as well as 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 began in 1960 and is now among the top 1% of the nation's largest credit unions. With more than $1.2 billion in assets, a Mortgage Store and eight full-service branches around the Bay Area, Tech CU is a leader in the credit union industry.

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