Technology Credit Union (Tech CU) has announced the opening of a new financial center, located at 490 South California in Palo Alto.
Tech CU is among the top 1.5 percent of the country’s largest credit unions and thanks to this new Palo Alto branch, it plans to open its large array of services to anyone living and working in the six counties of the Bay Area.
Tech CU’s financial services cover a wide range of potential clients, covering consumer, business and wealth management banking services which include mortgages, auto loans and the like.
The new Palo Alto branch will be officially opened on Saturday, October 1, the Grand Opening celebration starting at 11:00 a.m. and ending at 1:00 p.m. Palo Alto Vice Mayor Yiaway Yeh and the Economic Development Manager Thomas Fehrenbach will be attending the 11:30 a.m. ribbon cutting but the public is also invited to join the celebration and meet the staff.
Tech CU has been in the industry for over fifty years, serving high tech companies and their employees and it is now looking to grow and develop its Commercial and Business Banking services.
Barbara Kamm, the president and CEO of Tech CU said the following about their choice for the new branch: “This is why Palo Alto makes sense for us. Not only is it near many of our existing customers, the city is truly an epicenter of entrepreneurial activity — which is exactly where we want to be.“
The president and CEO of Tech CU also mentioned that the Palo Alto branch is only part of the company’s strategy of growth in the region, the long term plan being to expand their brick-and-mortar presence in the Peninsula in the upcoming couple of years.
This plan is part of the company’s policy of offering as many banking options to its members and member companies as possible, whether it’s online and mobile banking, access to more than 60,000 surcharge-free ATMs nationwide, telephone banking or in this case, conveniently located full-service branches.
With a history of more than fifty years, Tech CU was among the first credit unions to offer business banking services to its members.