San Jose credit union and its members reap benefits of its Global Members Program.
The credit union will provide money to the Housing Trust Silicon Valley, a self-sustaining effort that provides low-cost loans to developers.
Final arbitration award documents obtained by Credit Union Times reveal a legal dispute between Ken Burns and the billion-dollar Tech CU, where he formerly served in the corner office.
Arbitrator rules that Burns was negotiating merger with Patelco while serving as Tech CU's CEO.
In September, members of Technology Credit Union voted resoundingly to reject a proposal to convert their institution to a mutual bank.
Results dismissed by executive of the California credit union in the wake of the quashed bid to become a bank.
Fresh from winning balloting opposing bank conversion, dissident Technology CU members considering call for CEO, board changes.
Members of Technology Credit Union voted to reject a proposal to convert their institution to a mutual bank.
Seventy-seven percent of voting members cast ballots to remain a credit union.
Now there are two large credit unions, the $1.8 billion HarborOne Credit Union of Brockton, Mass., and the $1.5 billion Technology CU of San Jose, Calif., making plans to convert to mutual bank charters.