Tech CU Celebrates 50 Years — Highlighting the 90s

Tech CU Celebrates 50 Years — Highlighting the 90s
As part of Tech CU’s 50th Anniversary, we’re looking back at some key Silicon Valley events that made each decade of our 50 years of service memorable—beginning with Tech CU’s founding in 1960. (Check out our posts on: The 1960s |  The 1970s |  The 1980s This week, we remember the 1990s. ...

11th–Hour Amendment to Reform Bill Threatens Consumer Choice

11th–Hour Amendment to Reform Bill Threatens Consumer Choice
Last week, as part of the financial reform initiative that was launched in response to the economic crisis of 2008, the U.S. Senate passed S. 3217, the Restoring Financial Stability Act, the purpose of which is to re-regulate the financial industry.  The regulatory changes that will result from the...

What is a Data Breach?

Each year, millions of Americans are exposed to security breaches in personal data. According to the Identity Theft Resource Center® (ITRC),  2009 saw more than 498 data breaches, with more than 233 million personal records compromised. So how do data breaches occur? Typically, they happen when records...

Banks Lure Customers with Cash: Deal or No Deal?

You’re likely to see more bank promotions in January and February that try to entice you with cash incentives if you open new accounts, according to an article published recently on SmartMoney.com. (Read the complete article here.) That’s because banks are trying to recoup some of their 2008/2009...

10 Financial Tips for 2010

10 Financial Tips for 2010
Ready or not, 2010 is here! In the spirit of getting in shape for the New Year (financial shape, that is), we’ve put together 10 tips that will help you make 2010 a financially healthy year for you. 1. Review your credit card terms With new credit card reform laws going into effect in February,...

Why Santa Would Choose a Credit Union

Why Santa Would Choose a Credit Union
It’s almost here: Santa’s big night. Without a doubt, Father Christmas and his army of elves are frantically going over last-minute preparations, putting the final touches on toys, making a list and checking it twice. With so much to do in so little time, dealing with personal finances is probably...

What’s Happening with Mint.com?

What’s Happening with Mint.com?
Last week, wildly successful online financial management site Mint.com announced its management had signed an agreement to be acquired by Intuit, makers of Quicken and TurboTax. The deal is projected to close at the end of the year for approximately $170 million, a respectable sum considering that Mint...

Credit Card Companies Are Watching You

Credit Card Companies Are Watching You
Did you know that your credit card company may be watching the stores you shop at, the people you shop with and even the things you buy? Faced with rising default rates, these companies are using new tools to model the behavior patterns of their customers in order to determine a person’s credit risk....

Obama Calls for More Consumer Protection

Obama Calls for More Consumer Protection
The 4th of July weekend is barely over, and the Obama administration is back at work pushing through more legislation to overhaul the financial industry. On Tuesday, the Whitehouse sent a draft bill to Congress calling for a Consumer Financial Protection Agency that would provide for better protection...

Declare Your Independence From Big Banks!

Declare Your Independence From Big Banks!
In the Bay Area, we’re seeing weather that indicates it’s summer time at last and the 4th of July is upon us—this holiday reminds us on a yearly basis that being American, eating apple pie and hot dogs and enjoying some old fashioned fireworks is really pretty great. So, in the spirit of this all-American...