Tech CU (Technology Credit Union) is working with Tesla Motors as a preferred financing partner for their Model S, Model X and Roadster electric vehicles, offering up to 100% financing with a competitive annual percentage rate (APR).
Tesla is also a Tech CU Member Company; Tech CU provides Tesla employees with resources that include personal and business banking, commercial lending and comprehensive wealth management services that include investing and financial planning.
Tech CU is among the first credit unions in the country to offer car loans for Tesla vehicles.
Tech CU also stands behind Tesla's Model S resale value guarantee, which ensures the Model S will have the highest residual value of any high-volume, premium sedan (Audi, BMW, Mercedes or Lexus) after three years of ownership.
Founded in 1960 by the employees of Fairchild Camera and Instrument Semiconductor Division, Tech CU has served the high tech workforce in Silicon Valley for more than 50 years. Today, the credit union has more than 70,000 individual, non-profit and business members and $1.8 billion in assets.