64 Telhio Credit Union Inc

Organization Overview

64 Telhio Credit Union Inc is located in Columbus, OH. The organization was established in 1969. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, 64 Telhio Credit Union Inc employed 331 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 64 Telhio Credit Union Inc is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2022, 64 Telhio Credit Union Inc generated $63.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $56.9m during the year ending 12/2022. While expenses have increased by 10.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 160,439 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 70,437 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.


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Board, Officers & Key Employees

Name (title)Compensation
Leslie Bumgarner
CEO
$960,850
Daniel Daily
Evp/chief St
$559,686
Derrick Bailey
President
$417,879
Karen Daniels
Chief Retail
$374,161
Christopher Wampler
CFO
$327,422
Tim Richey
Chief Capito
$344,081

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $175,895
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$175,895
Total Program Service Revenue$58,124,406
Investment income $3,145,384
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,097,097
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $63,054,320

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