COLUMBUS, Ohio [June 4, 2024] - Telhio Credit Union has been designated a Top Ten 7a Lender in the Columbus District by the U.S. Small Business Administration. The recognition returns to Telhio for a third consecutive year, reinforcing the accessible and competitive financing options of its business division.
For Fiscal Year 2023, the Columbus District Office of the SBA recognized the top ten lenders based on the number of approved loans, with Telhio Credit Union ranking number three overall. Notably, Telhio was the only credit union within the top three lenders. These loans were provided to borrowers with business addresses across central Ohio that make up the Columbus District.
"Small businesses are the backbone of our local economies," said Derrick Bailey, CEO of Telhio Credit Union. "We take pride in watching them succeed and feel honored to serve the entrepreneurs and small business owners who are driving economic progress in our communities."
The Telhio Business Services Division is responsible for developing and implementing lending strategies, managing loan portfolios, and ensuring compliance with all relevant regulations. Telhio Credit Union remains committed to providing exceptional financial services and support to small businesses, reinforcing its role as a key partner in fostering economic development and community growth.
"As the SBA Columbus District Office's third largest lender by number of loans, Telhio is consistently at the top of the district's list of high-performing lenders," said SBA District Director Everett M. Woodel Jr. "We value our relationship with Telhio and are proud of the amazing work they are doing."
For more information about Telhio Credit Union's business services and SBA lending programs, visit telhio.org/business.
About Telhio Credit Union
As Ohio's top SBA (Small Business Administration) lending credit union, Telhio serves more than 68,000 individuals, families, and businesses across central and southwestern Ohio with the newest innovative financial technology, while providing personalized service 330 Rush Alley, Suite 500 Columbus, Ohio 43215 for each member. Founded in 1934, and owned and governed by its members, Telhio's core values of caring, commitment and integrity guide each action and decision the credit union makes. As we celebrate 90 years, we renew our pledge to putting people over profit, and thank our members for continued trust and support.
Telhio offers 12 branching offices in Ohio and nearly 4,000 shared branching locations nationwide. Telhio is open to anyone who lives, works, worships, or goes to school in central and southwestern Ohio and participates in the highest level of combined federal and private share savings insurance available, insuring personal deposit accounts up to $500,000. (Federally insured by NCUA. Additional coverage up to $250,000 provided to consumer account holders by Excess Share Insurance Corporation, a licensed insurance company.)
