Technology Credit Union Welcomes Cynthia Erickson as the Newest Member of Its Board of Directors

SAN JOSE, CA--(Marketwire - July 7, 2008) - Technology Credit Union (Tech CU) is pleased to announce that Cynthia Erickson has recently joined its Board of Directors.

Cynthia Erickson has more than 20 years' experience in leadership and business management with global Fortune 500 companies. Her executive roles include nine years with First Interstate Bank of California, first as Vice President Human Resources and then Vice President Line Manager. Ms. Erickson's five years in the technology sector include HR Director Global Services at Siebel Systems, where she partnered with the senior team to design and deliver worldwide programs. Ms. Erickson was awarded Siebel CEO's Circle Award for top performance. Earlier work encompasses six years of HR management with Baxter Healthcare, a global Biotechnology company.

Ms. Erickson is currently an Adjunct Business Professor at Menlo College in Atherton and a member of the Forum for Women Entrepreneurs and Executives, a professional Silicon Valley business group.

Ms. Erickson is an alumna of the University of San Francisco, has studied abroad at Gonzaga University (Florence, Italy) and has done graduate work at Northwestern University. In 1997, she earned a senior-level Credential (SPHR) from the national Society for Human Resource Management and is published in the field.

"We are delighted to have Cynthia join our Board as a Director," stated Ken Burns, President/CEO of Tech CU. "Her extensive experience in both the financial and technology sectors makes her an excellent match for a credit union like Tech CU which provides financial services to technology and business professionals in the greater Bay Area. In addition, her expertise in the human resources area will provide us with valuable leadership in the increasingly critical area of workforce development and retention."

ABOUT TECHNOLOGY CREDIT UNION

Technology Credit Union is a full-service financial institution serving individuals who work, live, go to school or regularly worship in Santa Clara, Alameda, Contra Costa, Santa Cruz, San Mateo and San Francisco counties. Tech CU was started in 1960 and is now among the top 1 percent of the nation's largest credit unions. With more than 78,000 members, over $1 billion in assets and 10 full-service branches around the Bay Area, Tech CU is a leader in the credit union industry. For more information, visit www.techcu.com.

Contact Information: Contact Information: Tawnya Lancaster Public Relations Phone: 408-205-1618 tlancaster@lancaster-group.com Karen Rude Technology Credit Union Phone: 408-441-4736 krude@techcu.com