In April of 1960, a group of employees at Fairchild Camera and Instrument Semiconductor Division in Mountain View assembled in the cafeteria and decided to form a credit union. By the end of that year they had 600 members holding $65,000. The Credit Union became more financially sound and continued to grow. By 1970, membership was up to 6,320 with $3.5 million in assets. In order to accommodate the increasing membership, two more branch offices were opened.
The 1980s were pivotal to the growth of the Credit Union. The ’80s was a decade of high technology, and we worked hard to keep up with the growth of its existing and potential high tech membership companies. In 1983 the Credit Union changed its name to Technology Federal, and expanded to embrace other high tech firms in the Silicon Valley.
Tech CU is now among the top 1% of the nation’s largest credit unions with ten full service branches in the Silicon Valley. Now with more than $1.3 billion in assets and still growing, Tech CU is a leader in the Silicon Valley.
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