Telhio Credit Union
| Company type | Not-for-profit cooperative |
|---|---|
| Industry | Financial services |
| Founded | 1934 |
| Headquarters | Columbus , United States |
Area served | Ohio (Franklin, Fairfield, Delaware, Licking, Madison, Pickaway, Union, Hamilton, Butler, Warren, Preble, Champaign, Clark, Greene, Marion, Miami, Montgomery, Morrow, Richland counties) |
| Products | Savings accounts, checking accounts, loans, certificates of deposit, credit cards, digital banking services |
Telhio Credit Union (commonly known as Telhio) is a financial cooperative chartered by the state and based in Columbus, Ohio. It delivers a variety of personal and commercial banking solutions such as savings accounts, checking accounts, loans, certificates of deposit, credit cards, along with digital banking services.
By 2024, Telhio oversees assets totaling roughly $1.3 billion and supports about 68,000 members throughout Ohio. Its primary service areas include Franklin, Fairfield, Delaware, Licking, Madison, Pickaway, Union, Hamilton, Butler, Warren, Preble, Champaign, Clark, Greene, Marion, Miami, Montgomery, Morrow, and Richland counties. The credit union is federally backed by the National Credit Union Administration (NCUA), providing deposit insurance up to $250,000 per account. Additionally, it carries Excess Share Insurance extending protection for another $250,000.
History
Established in 1934 as a credit union serving employees of Columbus Telephone Co. during the Great Depression era, Telhio broadened its eligibility criteria in 1999. The acquisition of Chaco Credit Union in Hamilton in October 2016 propelled Telhio to become Ohio’s fifth largest credit union and the 37th largest financial institution statewide. A merger with Columbus Metro Federal Credit Union in March 2021 further expanded its membership base to nearly 70,000 individuals.
Membership eligibility extends to people residing, working, worshiping, or studying within Ohio—mainly in Franklin, Fairfield, Delaware, Licking, Marion, Pickaway, Union, Hamilton, Butler, Warren, Preble, Clark, Greene, Miami, Montgomery, Morrow, and Richland counties. Joining Telhio is facilitated through affiliation with the American Consumer Council (ACC) and restricted to those who fall within the credit union’s designated common bond.
Organization
As a not-for-profit cooperative financial institution owned by its members, Telhio operates 12 branch locations throughout Central and Southwestern Ohio. Members also gain access to nearly 5,000 shared branching sites nationwide. The credit union’s governance is conducted by a Board of Directors elected directly from its membership.
Services
Telhio offers an array of financial products tailored for both individuals and businesses. These include share savings accounts—which signify member ownership—checking accounts, loans of various types, and certificates of deposit. New members begin their relationship by depositing $5 into a share savings account. Additional services encompass business loans; auto and mortgage financing; credit cards; lines of credit; health savings accounts; telephone banking; online and mobile banking platforms; and remote deposit capture. Partnering with LPL Financial Services allows Telhio to provide investment advisory support and retirement planning options.