• Technology Credit Union

    Technology Credit Union

    Categories

    Banks & Credit UnionsCredit Unions

    About Us

    More than fifty years ago, a group of forward-thinking employees at Fairchild Semiconductor (a pioneer in technology innovation) who knew there was a better way to bank, formed Tech CU — a credit union solely dedicated to the financial success of its members — and owned by the people it serves.

    We're a not-for-profit organization operated for the benefit of our members. Instead of maximizing profits to pay company stockholders, we invest our resources to deliver lower rates, outstanding service, and member benefits. It’s like a bank you own — with the privileges of membership.

    Whether you call, click, or visit a branch, you’ll receive:
    Friendly, personalized service
    Knowledgeable and local expertise
    A full suite of low-rate loans and products for all of your financial needs
    Easy 24/7 access through free online, phone and mobile banking
    Access to over 65,000 fee-free ATMs worldwide - that's more than Chase, Bank of America and Wells combined
    A safe and secure place to save and borrow
    An equal voice: As a member-owned institution, each member gets one vote regardless of how much money you have with us

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  • New Law for Employers New Law for Employers

    FAMILIES FIRST CORONAVIRUS RESPONSE ACT (FFCRA)

    The full text of the FFCRA can be found here.

    The FFCRA is a new federal law that requires employers with fewer than 500 employees to provide two new paid leave benefits for eligible employees affected by the COVID-19 virus in 2020. This applies only to those employees (not already laid off) who are home sick. The leave requirements generally provide paid sick time or paid leave under certain circumstances (as described more fully in the notice poster, link #4, below). The FFCRA also provides tax credits that may help employers provide the paid leave benefits.

    The FFCRA helps the U.S. combat workplace effects of COVID-19 by reimbursing American private employers that have fewer than 500 employees with tax credits for the cost of providing employees with paid leave, taken for specified reasons related to COVID-19. The law enables employers to keep workers (who are home sick with COVID-19 related illness and therefore unable to work, even remotely) on their payrolls, while at the same time ensuring that workers are not forced to choose between their paychecks and the public health measures needed to combat the virus. The Departmnt's Wage and Hour Division administers the paid leave portions of the FFCRA.

    If an employer has fewer than 50 employees and providing the paid leave benefits would jeopardize the viability of the business as a going concern, the small business exemption may apply. Employers who believe they qualify for the exemption should document why the business meets the exemption criteria unless and until the Department of Labor issues additional guidance on claiming the exemption.

    Effective April 1, 2020, employers are required to properly notify their employees of the new FFCRA leave benefits and implement the requirements.

    Below are links to important resources that contain compliant employee notices, guidance, and recommendations for employers subject to the FFCRA.

    1. Department of Labor: COVID-19 and the American Workplace
    2. Fact Sheet: FFCRA – Employee Paid Leave Rights (in English)
    3. Fact Sheet: FFCRA – Employer Paid Leave Requirements (in English)
    4. Compliant FFCRA notice poster for private-sector employees (in English)
    5. Department of Labor FAQ for the FFCRA employee notice poster

    courtesy of Montgomery & Hansen, LLP

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