2024-11-07T14:24:34-05:00 2023-12-31 472565485 BUCKINGHAM BUSINESS ADVISORS LLC 180-A COMMERCE PARK DR WESTERVILLE OH 430826067 990 2023-01-01 314154280 64 TELHIO CREDIT UNION INC 64TE 6142213233 330 RUSH ALLEY SUITE 500 COLUMBUS OH 43215 DERRICK BAILEY PRESIDENT 6142213233 2024-11-07 true true ERIN ALDERSON EA P01231640 6148906620 2024-11-07 2023 2024-10-15 13:58:12Z DERRICK BAILEY 330 RUSH ALLEY SUITE 500 COLUMBUS OH 43215 75863939 false X WWW.TELHIO.ORG X CREDIT UNION 1934 OH TO PROVIDE LENDING, SAVINGS, AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A SERVICE BASED EMPHASIS THAT RECOGNIZES THE MEMBERS STATUS AS OWNERS. 7 7 318 19 264503 9977 175895 175895 58124406 69681479 4242481 5587467 511538 419097 63054320 75863938 0 5448887 16647958 25863685 25478322 0 0 25582451 33356878 56895023 75483158 6159297 380780 1377748045 1363973734 1257501687 1242665907 120246358 121307827 TO PROVIDE LENDING, SAVINGS, AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A SERVICE BASED EMPHASIS THAT RECOGNIZES THE MEMBERS STATUS AS OWNERS. false false DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 140,175 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 66,781 MEMBERS. DIRECT LABOR AND EMPLOYEE COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING LOAN PORTFOLIO FOR MEMBERS. DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACOUNT ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS, AND IN PERSON AT THE CREDIT UNION OFFICE. false false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 15292 0 true 318 true true true false false false false false false false X 7 7 false false false false true true true true true false false true true true true true true true false false X X KRISTEN SCOTT 6142213233 PO BOX 1298 COLUMBUS OH 43216 LESLIE BUMGARNER CEO 40.00 X 827404 0 63810 DERRICK BAILEY PRESIDENT 40.00 X 821901 0 42600 DANIEL DAILY EVP/CHIEF ST 0.00 X 384407 0 8245 KRISTEN SCOTT CFO 40.00 X 341076 0 28000 JESSICA BING CHIEF COMM. 40.00 X 279711 0 33854 CHRISTOPHER WAMPLER VP RISK MANA 40.00 X 238271 0 38944 DAVID AULT VP INFO. SEC 40.00 X 221790 0 39441 IGOR BABAMOVSKI VP MORT SALE 40.00 X 212441 0 39000 MITCH VOCKE VP COM REL M 40.00 X 219365 0 26427 CHAD MAZE COO 40.00 X 219247 0 25944 ALLEN MCCONNELL VP COMMERCIA 40.00 X 204947 0 27618 JASON BITTINGER SVP INFORMAT 40.00 X 198621 0 31976 DONNA TATE VP OF MORTGA 40.00 X 197661 0 28050 DAVID BURNS DIRECTOR 0.50 X 0 0 0 HENRY CHANG DIRECTOR 0.50 X 0 0 0 KEN CROCKETT DIRECTOR 0.50 X 0 0 0 KATHY FOOR DIRECTOR 0.50 X 0 0 0 SHIRLEY GREEN DIRECTOR 0.50 X 0 0 0 D'JUAN HAMMONDS DIRECTOR 0.50 X 0 0 0 FRED HARRIS DIRECTOR 0.50 X 0 0 0 LARRY JACKSON DIRECTOR 0.50 X 0 0 0 LINDA KENNEDY DIRECTOR 0.50 X 0 0 0 ANDY MARFURT DIRECTOR 0.50 X 0 0 0 DOUG MCDOWELL DIRECTOR 0.50 X 0 0 0 ROB MCNICOL DIRECTOR 0.50 X 0 0 0 JAMES MOCK DIRECTOR 0.50 X 0 0 0 CHINITA MONTGOMERY DIRECTOR 0.50 X 0 0 0 GEORGE MUSSI DIRECTOR 0.50 X 0 0 0 RENEE RAINEY DIRECTOR 0.50 X 0 0 0 IRENE SMITH DIRECTOR 0.50 X 0 0 0 JONATHAN WILKERSON DIRECTOR 0.50 X 0 0 0 PATRICK ZOLLARS DIRECTOR 0.50 X 0 0 0 4366842 433909 13 true true false 175895 175895 LOAN INCOME 522100 53637873 53637873 FEE INCOME 522100 9062782 9062782 OTHER OPERATING INCOME 522100 6716321 6716321 NON MEMBER ATM FEES 900099 249536 249536 INSURANCE INCOME 900099 14967 14967 69681479 4811076 4811076 776392 1 776391 776391 776391 MISC INCOME 419097 419097 419097 75863938 70193367 264503 5230173 16647958 2930494 384407 16942455 872778 2784497 1563691 210191 160867 517060 187804 2668703 9463197 2791814 157292 711319 4705314 2100268 158829 LOAN SERVICING 3148319 PROVISION FOR LOAN LOSS 2408845 CARD SERVICES EXPENSE 1870857 OTHER OPERATING EXPENSES 627224 1468975 75483158 0 0 0 47806272 58064645 3552112 3805274 1108238927 1121302949 7196107 7859746 45110484 8808894 33344137 36301590 151230880 99847012 11817800 12693217 14561810 24099301 1377748045 1363973734 150891958 118476474 1106609729 1124189433 1257501687 1242665907 X 120246358 121307827 120246358 121307827 1377748045 1363973734 X 380780 1982739 -1302050 X false true X true 8222855 8222855 23933346 3645178 20288168 1170876 72998 1097878 11783407 5090718 6692689 36301590 MEMBER DEPOSITS 1124189433 1124189433 X true true X false false false LESLIE BUMGARNER CEO 827404 63810 891214 DERRICK BAILEY PRESIDENT 821901 42600 864501 DANIEL DAILY EVP/CHIEF STRATEGY 384407 8245 392652 KRISTEN SCOTT CFO 341076 28000 369076 JESSICA BING CHIEF COMM. OFFICER 279711 33854 313565 CHRISTOPHER WAMPLER VP RISK MANAGEMENT 238271 38944 277215 DAVID AULT VP INFO. SECURITY 221790 39441 261231 IGOR BABAMOVSKI VP MORT SALES MANAG 212441 39000 251441 MITCH VOCKE VP COM REL MANAGER 219365 26427 245792 CHAD MAZE COO 219247 25944 245191 ALLEN MCCONNELL VP COMMERCIAL PROD. 204947 27618 232565 JASON BITTINGER SVP INFORMATION TECH 198621 31976 230597 DONNA TATE VP OF MORTGAGE LEND 197661 28050 225711 SCHEDULE J, PAGE 1, PART I, LINE 3 THE PROCESS USED TO SET THE CEO'S ANNUAL SALARY IS BASED ON A COMBINATION OF COMPARABLE SIZED CREDIT UNIONS THROUGH THE USE OF D HILTON AND ASSOCIATES ANNUAL COMPENSATION SURVEY AND ATTAINMENT IN THE CURRENT YEAR OF PREDEFINED OBJECTIVES SET FOR THE CEO PERSONALLY AND THE CREDIT UNION. THIS PROCESS IS VOTED ON AND APPROVED BY THE FULL BOARD. FORM 990, PAGE 6, PART VI, LINE 6 THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 66,781 MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERNANCE, AND VOTING RIGHTS AT THE ANNUAL MEETING, WITH THE EXCEPTION OF THE MEMBER- OWNERS WHO ARE ELECTED TO THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBER-OWNERS OF THE CREDIT UNION HAVE THE AUTHORITY TO ELECT MEMBERS OF THE BOARD OF DIRECTORS FOR THREE YEAR TERMS ON A ROTATING BASIS. CANDIDATES ARE ELECTED BY A SIMPLE PLURALITY VOTE. THE BOARD OF DIRECTORS APPOINT VOLUNTEERS TO SERVE ON THE SUPERVISORY COMMITTEE, WHICH IS VESTED WITH MONITORING SAFETY AND SOUNDNESS OF THE ORGANIZATION. IF DEEMED APPROPRIATE, THE SUPERVISORY COMMITTEE CAN SUSPEND BOARD MEMBERS AND CAN CALL A SPECIAL MEETING OF THE MEMBERSHIP TO EVALUATE THE ISSUE TO EITHER DISMISS OR REINSTATE THE BOARD MEMBER. FORM 990, PAGE 6, PART VI, LINE 7B CHANGES TO THE GOVERNING DOCUMENTS (BYLAWS) MUST BE APPROVED BY THE MEMBER-OWNERS AFTER THEY HAVE BEEN APPROVED BY THE BOARD OF DIRECTORS AND THE REGULATORY AGENCY. APPROVAL OCCURS WHEN AT LEAST 50% OF THE MEMBER- OWNERS HAVE A QUORUM VOTE TO APPROVE. FORM 990, PAGE 6, PART VI, LINE 11B PRIOR TO BEING FILED WITH THE IRS, A COPY OF THE IRS FORM 990 AND RELATED SCHEDULES ARE REVIEWED BY THE PRESIDENT/CEO, INCLUDING A CONFIRMATION OF THE ACCURACY OF EVERY ANSWER AND OVERSIGHT OF APPROPRIATE CHANGES. THE CEO WILL REVIEW THE IRS FORM 990 RETURN WITH THE BOARD OF DIRECTORS AT THE NEXT AVAILABLE MEETING. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS AND OFFICERS ANNUALLY COMPLETE AND SIGN A SURVEY RELATED TO LOANS, BUSINESS RELATIONSHIPS AND FAMILY MEMBERS THAT COULD, OR DO, CREATE A CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE PROCESS TO SET THE CEO'S ANNUAL SALARY IS BASED ON A COMBINATION OF COMPARISON TO COMPARABLE SIZED CREDIT UNIONS THROUGH THE USE OF CUNA'S ANNUAL COMPENSATION SURVEY AND ATTAINMENT IN THE CURRENT YEAR OF PREDEFINED PERFORMANCE OBJECTIVES SET FOR THE CEO PERSONALLY AND THE CREDIT UNION. THIS PROCESS IS VOTED ON AND APPROVED BY THE FULL BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 THE CREDIT UNION'S BYLAWS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC BY APPOINTMENT AT THE CREDIT UNION'S OFFICE. THE FINANCIAL STATEMENTS ARE POSTED IN ALL BRANCHES AND THE AUDITED FINANCIAL STATEMENTS ARE PLACED ON THE CREDIT UNION'S WEBSITE. FORM 990, PART XI, LINE 9 CECL ADJUSTMENT -1,302,050