Techwire


Tech CU Announces Strong First Year for Tech Capital, LLC

Closed $6.1 Million in New Asset-Based Lending Commitments; Current Pipeline Totals $2.5 Million SAN JOSE, CA–(Marketwired – September 22, 2016) – Tech Capital, LLC, the asset-based finance company and wholly owned subsidiary of Tech CU, today announced that it has originated six asset-based lending commitments as of August 2016 for a total of $6.1 million. […]

Tech CU Wins Two CUNA Awards: Dora Maxwell Social Responsibility and Desjardins Adult Financial Education

Also Won Credit Union of the Year in the US From the International Finance Awards SAN JOSE, CA–(Marketwired – August 30, 2016) – Tech CU (Technology Credit Union) today announced that it has won two CUNA awards: First place in the Dora Maxwell Social Responsibility Community Service category and second place for the Desjardins Adult […]

Tech CU Launches Three New Credit Cards

These Include a Visa Signature With Rewards and Visa Classic (Secured and Unsecured) SAN JOSE, CA–(Marketwired – August 15, 2016) – Tech CU (Technology Credit Union) today began offering three new credit cards: a Visa Signature with Rewards, Visa Classic Secured and Visa Classic Unsecured. Accepted worldwide, all three cards offer a safe and secure […]

Skandiabanken ASA second quarter 2016: Another solid quarter from the challenger bank

Bergen, 12 August 2016: The Skandiabanken group made a net profit of NOK 359.4 million in the second quarter of 2016, compared to NOK 83.5 million in the second quarter of 2015. The profit from Visa Inc.’s acquisition of Visa Europe was NOK 228.3 million. At the end of the quarter, total customer lending was […]

CMLS Financial Announces Acquisition of Delta 360

TORONTO, ONTARIO–(Marketwired – Aug. 11, 2016) – CMLS Financial Ltd. (“CMLS Financial”), one of Canada’s largest independent mortgage services companies, is pleased to announce the successful acquisition of Delta 360 Inc. (“Delta 360”) effective August 1, 2016. Founded in 2005, Delta 360 is a Canadian-based technology provider focused on delivering superior mortgage and lending software […]

Tech CU Wins Three Marketing Association for Credit Unions (MAC) Awards

Silver for Its Website Redesign; Bronze for Its Comprehensive Advertising Campaign; Bronze for Its Branch Redesign and Digital Signage SAN JOSE, CA–(Marketwired – June 14, 2016) – Tech CU (Technology Credit Union) today announced it won three awards from the Marketing Association for Credit Unions (MAC), an organization that recognizes outstanding credit union marketing achievements. […]

Tech CU Announces Executive Promotions

Jeannine Jacobsen Named Executive Vice President (EVP) and Chief Operating Officer (COO); Richard Hanz Announced as Chief Financial Officer (CFO); and Dean Davis Named Senior Vice President (SVP) SAN JOSE, CA –(Marketwired – May 31, 2016) – Tech CU (Technology Credit Union) today announced three promotions within its executive ranks. As of May 13, 2016, Jeannine Jacobsen […]

Tech CU Adds Family Banking to Suite of Products

Allows Members to Teach Their Children About Money and Fiscal Responsibility SAN JOSE, CA–(Marketwired – May 24, 2016) – Tech CU (Technology Credit Union) today announced that it has added Family Banking to its suite of products. Designed to simplify financial transactions between family members, the new Family Banking product allows both a parent and child […]

OnDeck Expands Lending Options for Small Businesses in Canada

Introduces Line of Credit and Larger Term Loan to Speed Access to Capital for Small Business Owners Across Canada TORONTO, ONTARIO–(Marketwired – May 24, 2016) – OnDeck® (NYSE:ONDK), the leader in online lending for small business, announced today an expansion of its offerings to include a line of credit up to $50,000 and an expanded […]

Tech CU’s Marketing Wins CUNA Diamond and Hermes Creative Awards

Also Named Marketers That Matter(R) Finalist SAN JOSE, CA–(Marketwired – April 11, 2016) – Tech CU (Technology Credit Union) today announced its win of a both a CUNA Diamond Award (where it was named a “Category’s Best”) and a Platinum Hermes Creative Award in the Point of Sale and Retail Merchandising category. The company also received […]

MMKT Releases Quarterly Middle Market Loan Trend Report

NEW YORK, NY, April 07, 2016 (GLOBE NEWSWIRE) — MMKT Exchange LLC (“MMKT”), a leader in the middle market lending technology and data analytics space, announced today that it has released the Middle Market Loan Trend Report for Q4 2015.  The report is free and can be downloaded here:  https://blog.mmkt.com/2016/04/06/mmkt-releases-q4-2015-middle-market-loan-trend-report/ MMKT publishes this report in […]

Tech CU Makes Largest SBA Loan in Company History – $22.4 Million

Commercial Banking Group Continues to Grow as a Diversified Commercial Lender SAN JOSE, CA–(Marketwired – March 17, 2016) – Tech CU (Technology Credit Union) today announced that the credit union has funded its largest Small Business Administration (SBA) 504 loan to date. At $22.4 million dollars, the loan provided financing to assist a commercial tenant’s purchase […]

The Women of Tech CU Win Big

San Francisco Business Times Honors CEO Barbara Kamm as a Power Executive; Silicon Valley Business Journal Names VP Janikke Klem and SVP Kate Duggan as Women of Influence SAN JOSE, CA–(Marketwired – March 16, 2016) – Tech CU (Technology Credit Union) today announced that CEO Barbara Kamm was honored as a Power Executive by the San […]

Tech CU Unveils Redesigned Website

Features Innovative Design, Improved Navigation and Multiple Platform Accessibility SAN JOSE, CA–(Marketwired – March 09, 2016) –  Tech CU (Technology Credit Union) today announced the launch of its newly redesigned website. The new website provides a fresh look and feel along with a more intuitive and streamlined navigation, enhanced content, and the tools and resources to […]

progressa and Alpine Credits Announce Canadian Partnership

VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 3, 2016) – progressa™, Canada’s fastest growing financial technology company focused on helping non-prime and near-prime Canadians seeking to improve their financial health, announced today that it has partnered with Alpine Credits to bring its online lending platform to the industry leading Alpine Credits network of companies. Following a successful […]

Tech CU Wins Two Silicon Valley ADDY Awards

Honored for Both Its Integrated Advertising Campaign and Radio Advertising SAN JOSE, CA–(Marketwired – March 02, 2016) – Tech CU (Technology Credit Union) today announced it has won a silver Silicon Valley Addy award for its integrated “Bank Happily Ever After” advertising campaign and a bronze award for its radio advertising. The American Advertising Federation’s ADDY […]

Tech CU Inducted Into San Jose Silicon Valley Chamber of Commerce Hall of Fame

Award Recognizes Significant Contributions to the Silicon Valley Region SAN JOSE, CA–(Marketwired – February 25, 2016) –  Tech CU (Technology Credit Union) announced today that it has been inducted into the San Jose Silicon Valley Chamber of Commerce Hall of Fame. The award, which recognizes local businesses who have operated in the Silicon Valley region for […]

Tech CU Announces CEO Succession Plan

Todd Harris Appointed President and CEO Effective May 16; Barbara Kamm to Retire and Remain on the Board of Directors SAN JOSE, CA–(Marketwired – February 03, 2016) – Tech CU (Technology Credit Union) today announced that Barbara Kamm, the company’s President and Chief Executive Officer, will retire in May 2016. The Board has appointed Todd […]

Guaranty Federal Bancshares, Inc. Announces Preliminary 2015 Financial Results

SPRINGFIELD, Mo., Jan. 21, 2016 (GLOBE NEWSWIRE) — Guaranty Federal Bancshares, Inc., (NASDAQ:GFED), the holding company (the “Company”) for Guaranty Bank, today announces the following preliminary results for its fourth quarter and year ended December 31, 2015. Below are selected highlights of the Company’s fourth quarter of 2015, compared to the third quarter of 2015 […]

MMKT Rolls Out Quarterly Middle Market Loan Trend Report

NEW YORK, NY, Jan. 19, 2016 (GLOBE NEWSWIRE) — MMKT Exchange LLC (“MMKT”), a leader in the middle market lending technology and data analytics space, announced today that it launched a quarterly Middle Market Loan Trend Report, beginning with Q3 2015.  The report is free and can be downloaded here:  https://blog.mmkt.com/2016/01/19/q32015-preview/ MMKT is publishing this […]

Tech CU Appears in Televised Interview on Modern Living with kathy ireland

Tune in to E! Entertainment Network on January 7, 2016 and Bloomberg International on January 10, 2016 to See Tech CU CEO Barbara Kamm’s Interview With Kathy Ireland. LOS ANGELES, CA–(Marketwired – January 05, 2016) – Tech CU (Technology Credit Union), the Silicon Valley based credit union, appears in a Modern Living with kathy ireland […]

R.C. Giltner Services Announces 3rd Completion of SOC2/Type2 Data Security and Compliance Audit

Achievement Highlights Dedication to Data Security at This Industry Leader in Digital Lending Technology Platforms for Financial Institutions LOUISVILLE, Ky., Jan. 05, 2016 (GLOBE NEWSWIRE) — R.C. Giltner Services, Inc., the leading provider of online digital lending technology to community financial institutions to drive new revenue and efficiency, has successfully completed its third SOC2/Type2 audit. […]

Tech CU Wins Annual Best Practices Award From Credit Union Journal

Recognized for Innovative Growth Strategies in Online, Mobile, Call Center and Branch Channels SAN JOSE, CA–(Marketwired – December 14, 2015) – Tech CU (Technology Credit Union) today announced its win of the Credit Union Journal’s 2015 Annual Best Practices award for innovation in its major delivery channels (mobile, online, call center and branch). These innovations […]

Tech CU Supports Financial Literacy for Women Through Partnership With WANDA

Helps San Francisco Bay Area Single Mothers Escape Poverty SAN JOSE, CA–(Marketwired – November 30, 2015) – Tech CU (Technology Credit Union), announced this week it has partnered with WANDA (Women’s Achievement Network and Development Alliance) to support financial literacy programs for single moms in the San Francisco Bay Area. The credit union is giving […]

Tech CU Partners With Stockpile, Making It Easier Than Ever to Acquire and Gift Stock

Members Can Now Buy Stock in the World’s Most Popular Brands SAN JOSE, CA–(Marketwired – November 18, 2015) – Tech CU (Technology Credit Union) announced today it will be the first credit union in the U.S. to partner with Stockpile, a company that has made it easy and affordable to buy stock or gift stock […]

ING to start strategic partnership and launch pilot with fintech Kabbage

ING today announced it’s starting a strategic partnership with Kabbage, a leading technology and data platform powering automated lending to small and medium enterprises (SMEs). The partnership fits ING’s strategy to expand its lending capabilities to SMEs and helps them to get the capital they need to grow. On 14 October 2015, ING made public […]

Gary Fearnall Joins OnDeck as Country Manager to Lead Canadian Business

OnDeck Expands Canadian Leadership Team and Solidifies Commitment to Canadian Small Business Market TORONTO, ONTARIO–(Marketwired – Oct. 8, 2015) – OnDeck® (NYSE:ONDK), a leading platform for small business lending, today announced a key addition to its Canadian business with the hire of Gary Fearnall as Country Manager. The appointment comes after OnDeck’s official expansion into […]

Governor Brown Signs Financial Lending Bill Aimed at Underserved Communities

INSIKT-Sponsored Bill brings Technology to Help Underserved Communities Build Credit SAN FRANCISCO, Calif., Oct. 5, 2015 (GLOBE NEWSWIRE) — via PRWEB – Senate Bill 235 (SB235), a bill to make responsible, credit-building loans more widely available in California, today becomes law. Authored by Senator Marty Block, Chair of the Senate Banking and Financial Institutions Committee, […]

Tech CU Launches New ‘Bank Happily Ever After’ Advertising Campaign

Encourages Consumers to Reconsider Their “Big Bank” Relationship and Choose a Better Alternative SAN JOSE, CA–(Marketwired – Oct 1, 2015) – Tech CU (Technology Credit Union) has launched a new advertising campaign entitled “Bank Happily Ever After.” It encourages consumers to question their current “big bank” relationship and consider a better option — a smaller, […]

Public to Vote for $10,000 Winner of Tech CU Community Grant Challenge

Full Circle Fund, Glide Memorial and New Door Ventures Will Vie for Top Votes, With $15,000 in Total Community Grants Available SAN JOSE, CA–(Marketwired – Sep 10, 2015) –  Beginning September 14, three San Francisco nonprofits will vie to be the top vote getter and recipient of a $10,000 community grant from Tech CU (Technology […]

Flushing Financial Corporation Reports Record Second Quarter 2015 Net Income of $0.51 Per Diluted Common Share, a 70% Increase From the Trailing Quarter, and a Record Loan Pipeline

Second Quarter 2015 GAAP diluted earnings per common share were a record $0.51, an increase of $0.21, or 70.0%, from the trailing quarter. GAAP return on average assets and GAAP return on average equity increased to 1.1% and 12.7%, respectively, from 1.0% and 10.3%, respectively, for the three months ended June 30, 2014. Core diluted […]

Tech CU Opens Its Premier San Francisco Branch in Mid-Market, Near Twitter and Square

Expands Branch Footprint Into a New Market to Support Lines of Business and Membership Growth SAN JOSE, CA–(Marketwired – Jul 21, 2015) – Yesterday Tech CU (Technology Credit Union) opened its mid-Market branch, located near Twitter and Square, at 1449 Mission between 10th and 11th Streets on the ground floor of the California Institute for […]

Mirador Financial Joins Forces With Synergy by Association to Bring Advanced Lending Technology to the Banking Industry

Oregon Bankers Association Endorses Innovative Cloud-Based Small Business Lending Platform for Banks PORTLAND, OR–(Marketwired – Jul 9, 2015) – Mirador Financial, providing a cloud-based small business lending platform that helps financial institutions make smarter, faster lending decisions, has forged a strategic partnership with Synergy by Association, Inc. that will enable banks around the country to […]

iovation and Enova International to Disclose Latest Subprime Lending Fraud Trends

Companies Selected to Present About Trends and Ways to Prevent Fraud at Credit Acquisition at Upcoming SUSA 2015 PORTLAND, OR–(Marketwired – Jun 2, 2015) – iovation, preventing fraud, identifying trustworthy customers and authenticating devices online and on mobile, will outline the latest subprime lending fraud trends and prevention strategies at the 2015 Subprime and Underbanked […]

Tech CU Leads Industry by Launching the First Asset-Based Lending Program Among Credit Unions

Expands Commercial Lending Division and Products for Businesses to Leverage Their Trading Assets for Working Capital Needs SAN JOSE, CA–(Marketwired – May 21, 2015) – Tech CU (Technology Credit Union) is expanding its commercial loan services by providing asset-based lending, including accounts receivable and inventory financing. The credit union will provide small- and mid-size companies […]

Tech CU’s Wealth Management Division Continues With Record Growth in Investments and Private Banking

Division Leader Rebecca Matteson Nelson Named to the Board of Directors for the Bank Insurance & Securities Association (BISA) SAN JOSE, CA–(Marketwired – Apr 30, 2015) – It’s been a good three years for Tech CU’s Wealth Management Division, the private banking and brokerage and investment advisory arm at Tech CU (Technology Credit Union). Since […]

Flushing Financial Corporation Reports First Quarter 2015 Results

Record Net Loan Growth Annualized 19.9%: Non-Accrual Loans Declined 7.1% First Quarter 2015 Core diluted earnings per common share, a non-GAAP measure, were $0.31, a decrease of $0.05, or 13.9%, from the three months ended March 31, 2014, and a decrease of $0.13, or 29.5%, from the trailing quarter. GAAP diluted earnings per common share […]

Northwest Credit Union Association and Fintech Startup Mirador Financial Form New Strategic Link Partnership

SEATAC, WA and TIGARD, OR and PORTLAND, OR–(Marketwired – Apr 22, 2015) – Strategic Link, the Northwest Credit Union Association’s (NWCUA) wholly owned subsidiary, announced the addition of Mirador Financial, a modern small business lending platform for financial institutions that enables smarter, faster lending decisions, to its select roster of betaSpace technology solution providers. Mirador […]

Lenders One Welcomes Optimal Blue as an Enterprise Lending Technology Vendor

PLANO, TX–(Marketwired – February 10, 2015) – The Lenders One Mortgage Cooperative, a national alliance of community mortgage bankers, correspondent lenders and suppliers of mortgage products and services, recently announced the selection of Optimal Blue as a new preferred vendor. Optimal Blue, a cloud-based provider of enterprise lending solutions to the mortgage industry, provides mortgage […]

Photo Release — Rockville Bank Hires Sam Patel as Its New Chief Technology Officer

Patel’s Diverse IT Experience and Understanding of Changing Customers’ Expectations Will Make Rockville a ‘Technology Company in the Banking Business’ GLASTONBURY, Conn., Feb. 4, 2014 (GLOBE NEWSWIRE) — William H. W. Crawford, IV, President and Chief Executive Officer of Rockville Bank and Rockville Financial, Inc. (Nasdaq:RCKB), today announced that Rockville Bank has hired Sam Patel, […]