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Tech CU adopting new strategies for 2009
SAN JOSE, Calif. (1/6/09)--A Friday Silicon Valley/San Jose Business Journal article noted that financial institutions in the San Jose, Calif., area are adopting new strategies to cope with the economy. One of the institutions mentioned was Technology CU of San Jose. Technology CU is looking into a program that would increase debit card use to generate more point-of-sale and personal identification number-based ATM revenues, said Viktoria Earle, Tech CU controller and vice president of finance, told the newspaper (Jan. 5). The credit union also will send more information electronically to save on postage, and convert its tax forms to an electronic format, Victor Smilgys, Technology CU e-commerce vice president, told the newspaper. Technology CU will continue lending, and generating revenue with non-loan income. Technology CU has $1.2 billion in assets.
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