Telhio Credit Union Receives Recognition as Number One Credit Union for SBA Loans; Creates 138 Jobs
COLUMBUS, Ohio (December 10, 2012) – Telhio Credit Union recently received recognition as the top credit union in central Ohio (60 county-region) for Small Business Administration (SBA) loans, and sixth for overall banking institutions, a category that includes large national and international banking institutions.
Telhio’s 2012 loan volume topped $3.3 million. More than one-third of the 29 loans were to minority-, women- or veteran-owned businesses. These loans will create approximately 138 new jobs in the central Ohio area.
“The designation of a leading SBA lender simply underscores that Telhio Credit Union is a strong, secure financial institution that is supporting local businesses through outstanding service,” said Robert Myles, Sr. Vice President, Lending and Asset Protection, Telhio Credit Union. “We are incredibly proud of the fact that we have enabled businesses here in Central Ohio to expand their business, create jobs and thrive. Businesses need a financial partner who can grow with them, and Telhio is just that for our business banking clients.”
Telhio Credit Union (www.telhio.org) is a full-service financial institution open to everyone who lives, works, worships or attends school within Franklin County and surrounding communities. Founded in 1934, originally as the credit union for the Columbus Telephone Company, Telhio is a not-for-profit financial cooperative where its members are also its owners. Driven by its philosophy that members come first, Telhio is committed to the highest standards of responsibility and conduct. Telhio offers a variety of innovative programs, services and products to support its members’ financial needs. Telhio offers seven branching offices throughout central Ohio and nearly 4,000 shared branching locations nationwide. Additionally, Telhio credit union also participates in the highest level of combined federal and private share savings insurance available, insuring deposit accounts up to $500,000.*
*NCUA, Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency. ESI, Excess Share Insurance.