The Telhio Credit Union Board of Directors recently announced the promotion of Derrick Bailey to president of the fastest-growing credit union in the region.
"It is an honor to drive the growth of a leading-edge credit union in our region," said Bailey. "Our team is focused on an effective strategy that supports individuals and families and helps small and medium businesses create jobs that provide opportunities for local communities to thrive."
Bailey joined Telhio in 2013 after earning his MBA at Capital University, and within six months commercial lending became the top performing division. He developed innovative policies and procedures to provide loans to community companies and organizations, helping Telhio become a Top SBA lender (#2 overall, #1 credit union). Three years later he joined the executive team, providing the same leadership to the mortgage division and helping Telhio become one of the top consumer mortgage lenders in the market (#12) and one of the top commercial mortgage lenders in the market (#16).
Bailey most recently served as Chief Sales Officer, leading all revenue-generating aspects including consumer and business banking, consumer and business mortgage, and FinTech program management. Perhaps most impactful has been Bailey's leadership in spearheading Telhio's involvement as a Community Development Financial Institution (CDFI), which helps to support economically disadvantaged communities.
"Bailey brings a wealth of knowledge, experience and enthusiasm that will help Telhio continue to grow and thrive into the future," said Leslie Bumgarner, CEO. "Under his leadership, the credit union has a bright future ahead."
About Telhio Credit Union
Telhio is open to anyone who lives, works, worships, or goes to school in central and southwestern 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 12 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 to consumer account holders by Excess Share Insurance Corporation, a licensed insurance company.