Native name Telhio Credit Union Key people Leslie Bumgarner, CEO Founded 1934 Type of business Credit Union | Industry Financial Services Website telhio.org Number of locations 6 (2015) Total assets 535 million USD (2Q 2015) | |
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Area served Franklin, Fairfield, Delaware, Licking, Madison, Pickaway and Union counties in state of Ohio Products savings, checking, consumer lending, mortgages, credit cards, investments, online banking, mobile banking | ||
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Telhio Credit Union or Telhio is a US Credit union or financial cooperative headquartered in Columbus, Ohio. Telhio is registered as a state-chartered type credit union and is one of the largest credit unions in Central Ohio. As of April 2015, Telhio has nearly $535Mil in assets, and 50,000 members. Telhio is federally insured by the National Credit Union Administration (NCUA), which insures accounts in federal and most state-chartered credit unions in the United States up to $250,000. Additionally, Telhio carries ESI Insurance, which insures accounts an additional $250,000, for a total of $500,000 in deposit insurance.
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History
The credit union that is known as Telhio Credit Union was founded in 1934, during the national economic depression of the early 1930s (the Great Depression). Telhio was founded as the credit union for the Columbus Telephone Co. employees, but broadened its membership in 1999.
Membership
Telhio is open to anyone who lives, works, worships or goes to school in Franklin, Fairfield, Delaware, Licking, Marion, Pickaway and Union counties. Membership in Telhio Credit Union is limited to individuals sharing the common bond defined in its credit union charter a requirement of all credit unions.
Organization
Telhio is a not-for-profit financial cooperative where its members are also its owners. Telhio offers six branching offices throughout central Ohio and nearly 4,000 shared branching locations nationwide. Telhio is governed by a Board of Directors, which is made up of members elected by their peer members.
Services
Telhio offers financial products and services for both personal and business needs, including savings accounts, checking accounts, loans and certificates of deposit. Because Telhio is a financial cooperative, savings accounts are referred to as “share savings accounts” because they represent members’ ownership of the credit union. Anyone eligible for membership can become an owner of the credit union by opening an account and depositing $5.00 into a “share” savings account. Additionally, Telhio offers small business loans, auto loans, mortgage loans, student loans, credit cards, lines of credit, health savings accounts, telephone banking, online banking, mobile banking, and remote deposit as well as many other services. Additionally, through a partnership with CUSO Financial Services, Telhio also offers members access to retirement planning, and investment advising.