The credit union will provide money to the Housing Trust Silicon Valley, a self-sustaining effort that provides low-cost loans to developers.
If the roughly 73,000 members of Technology Credit Union, a $1.5 billion institution headquartered in San Jose, Calif., vote to convert to a mutual bank charter, they will likely find their increased expenses not restricted to taxes alone, according to CUNA Chief Economist Bill Hampel.
The $7 billion Alliant Credit Union of Chicago last week completed the merger of the once-ailing $170 million Continental FCU of Tempe, Ariz.
Advantis Credit Union, Portland, Ore., helped address the Portland area's need for nonperishable, high-protein foods for hungry families and children. The credit union raised $7,300 in cash contributions and encouraged