Telhio Credit Union completes merger with Chaco Credit Union
HAMILTON, OH (October 3, 2016) — Telhio Credit Union of Columbus, Ohio, announced today the completion of a merger with Chaco Credit Union of Hamilton, Ohio.
The collaboration is a strategic move to offer members access to the latest technologies and financial services of larger institutions while continuing the founding principles a not-for-for profit credit union affords the member and local community. Both organizations look forward to continuing to offer members great value, rates, services and financial education while providing the area with community support in the form of time, talent and treasure to build the economy.
“One of the things that motivated us to merge is our shared focus on community,” says Leslie Bumgarner, CEO of Telhio Credit Union. “By coming together, we can impact our local communities and broaden this impact by having more boots on the ground that can serve our members and the community-at-large.”
The combined organization will merge systems and processes methodically over the next eight months to ensure a smooth transition for members in both marketplaces.
The new institution serves 11 counties in Ohio and will have assets in excess of $780 million. With the merger, it has become one of the five largest credit unions in Ohio, serving more than 72,000 members. More information is available by calling 513-785-3500 or visiting chacocu.org.
About Chaco Credit Union
At Chaco, we believe in our roots – joining Chaco Credit Union makes you more than a customer, you become a lifetime member and part owner based on the same “People Helping People” principles that were set at our founding. Best of all, our commitment to you remains the same as well, whether you are buying a home, opening your first checking account or getting ready to retire. We promise – and deliver – true customer service with the highest level of attention and care. You can trust us to have the same power and expertise as the national banks, but with products and rates suited for your individual life.