Dec, 31, 2023 — TELHIO CREDIT UNION is a federally insured state chartered credit union headquartered in COLUMBUS, OH with 11 branch locations and about $1.37 billion in total assets. Opened 89 years ago in 1935, TELHIO CREDIT UNION has about 66,781 members and employs 263 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TELHIO CREDIT UNION |
|---|---|
| Address: (Main Office) | 330 Rush Aly Ste 500 COLUMBUS, OH 43215-3931 |
| Phone: | (614) 221-3233 |
| Fax: | (614) 629-0122 |
| Website: | https://www.telhio.org |
| Branches: | 11 branch locations |
| Members: | 66,781 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62848 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,367,572,263 |
| CEO/Manager: | Derrick Bailey |
| Chairperson: | Linda Kennedy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 61,625,923 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 334,971 |
| Real Estate Loans | 721,676,172 |
| Unsecured Loans | 48,408,176 |
| Other Loans | 338,213,866 |
| TOTAL LOANS | 1,108,298,214 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,645,944 |
| Land And Building | 29,608,901 |
| Other Fixed Assets | 6,764,883 |
| NCUSIF Deposit | 10,380,891 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,367,572,263 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,734,726 |
| Notes & Interest Payable | 100,000,000 |
| Accounts Payable & Other Liabilities | 20,298,978 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 214,815,538 |
| Regular shares | 243,222,197 |
| All Other Shares & Deposits | 666,059,538 |
| TOTAL SHARES & DEPOSITS | 1,124,097,273 |
| TOTAL LIABILITIES | 1,246,130,977 |
| Regular Reserve | 0 |
| Other Reserves | 23,893,723 |
| Undivided Earnings | 97,547,563 |
| TOTAL EQUITY | 121,441,286 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,367,572,263 |
| INCOME & EXPENSE | |
| Loan Income | 53,637,873 |
| Investment Income | 4,456,277 |
| Other Income | 9,327,285 |
| Total Employee Compensation & Benefits | 25,478,322 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 26,242,719 |
| Non-operating Income & (Expense) | 594,992 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,408,845 |
| Cost of Funds | 21,353,272 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 380,780 |
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