June 1, 2022 [Columbus, OHIO] -- Telhio Credit Union announced today that it has expanded its charter to Champaign, Clark, Greene, Marion, Miami, Montgomery, Morrow, and Richland counties in Ohio. The charter expansion is part of Telhio's growth strategy to provide more of Ohio's citizens with its variety of innovative banking technologies, programs, services, and products to help meet their financial needs.
With this expansion, Telhio will grow from serving 11 counties to 19 counties - expanding the potential membership population from 3,545,250 to 4,715,435, a 33 % increase.
"Telhio is where banking and community come together, and we are proud to welcome new members from these communities," said Leslie Bumgarner, President and CEO, Telhio Credit Union. "Our continuous advancements and innovations in banking technology have allowed us to expand our services and it was a natural fit to enter these markets. We are excited to bring new members into our strong online banking community and offer them the best financial options possible and added perks that are both beneficial and rewarding."
These eight counties join Telhio's current charter areas in Franklin, Fairfield, Delaware, Licking, Madison, Pickaway, Union, Hamilton, Warren, Butler and Preble counties. With the expansion, new members of Telhio will enjoy numerous Telhio member benefits, such as mobile banking, mobile deposit and bill pay, access to low-rate mortgages, home improvement loans, auto loans and more.
About Telhio Credit Union
Telhio is open to anyone who lives, works, worships or goes to school in Central and Southwest Ohio. Founded in 1934, originally as the credit union for the Columbus Telephone Co., Telhio is a not-for-profit financial cooperative where its members are also its owners. Telhio offers 11 branching offices throughout central Ohio and southwestern Ohio and nearly 4,000 shared branching locations nationwide. Additionally, Telhio Credit Union participates in the highest level of combined federal and private share savings insurance available, insuring deposit accounts up to $500,000.* For more information, contact Telhio Credit Union at 614-221-3233 or visit www.telhio.org.
*Federally insured by NCUA. Additional coverage up to $250,000 provided by Excess Share Insurance Corporation, a licensed insurance company.