# TELHIO
Columbus, OH · NCUA charter 62848 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/telhio-62848

Who the members are: state charter, organized 1935, low-income designated. 67,801 members of 4,905,711 potential (1.4% of the field); checking penetration 56% (share draft accounts per 100 members); loans per 100 members 45.

**Verdict on the desk:** this could be *ordinary*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.34B |
| Members | 67,801 (-0.8% YoY) |
| Full-time staff | 276 |
| Net worth | $130.0M |
| Net worth ratio | 9.7% (p26 of band) |
| ROA (annualized) | 0.04% (p5 of band) |
| Total delinquency | 1.77% (p96 of band) |
| Net charge-offs (annualized) | 0.26% (p20 of band) |
| Loans / shares | 93% (p74 of band) |
| Cash / assets | 7.4% |
| Borrowings / assets | 3.72% |
| Net interest margin | 3.30% (p48 of band) |
| Operating expense / assets | 4.26% (p90 of band) |
| Vehicles % of loans | 15% (p20 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 59% |
| Third-party paper % of net worth | 87% (p36 of band) |
| Vehicle delinquency | 0.81% (p68 of band) |
| Vehicle NCO | 0.97% (p50 of band) |
| Repossessed % of vehicle book | 0.00% (p11 of band) |
| Real estate % of loans | 43% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 287% |
| Core shares % of member funds | 42% |
| Certificates % of member funds | 24% |
| Average share balance | $8,079 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $97.0M |
| Loans outstanding per 100 members | 45% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $35,345 |
| Loans granted, annualized | $192.5M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $97.0M outstanding purchased (74.6% of net worth), $12.8M sold and retained. Sold in 7 and bought in 7 of the last 8 quarters. Shares -4.7% year over year.

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 4 | thin capital, net worth falling, leaning on borrowings |  |
| 2016-12 | 3 |  | leaning on borrowings |
| 2017-03 | 3 |  |  |
| 2017-06 | 3 | loans>95% of shares | net worth falling |
| 2017-09 | 3 |  |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 3 | leaning on borrowings | thin capital |
| 2018-12 | 2 |  | leaning on borrowings |
| 2019-03 | 1 |  | loans>95% of shares |
| 2019-06 | 2 | members leaving |  |
| 2019-09 | 3 | loan book shrinking |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 4 | margin squeeze |  |
| 2020-06 | 4 | net worth falling | loan book shrinking |
| 2020-09 | 1 |  | members leaving, margin squeeze, net worth falling |
| 2020-12 | 0 |  | 3rd-party paper>100% NW |
| 2021-03 | 2 | net worth falling, 3rd-party paper>100% NW |  |
| 2021-06 | 1 |  | net worth falling |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 | net worth falling | 3rd-party paper>100% NW |
| 2022-06 | 1 | 3rd-party paper>100% NW | net worth falling |
| 2022-09 | 3 | loans>95% of shares, leaning on borrowings |  |
| 2022-12 | 4 | net worth falling |  |
| 2023-03 | 3 |  | net worth falling |
| 2023-06 | 3 |  |  |
| 2023-09 | 5 | delinquency rising, members leaving |  |
| 2023-12 | 4 |  | delinquency rising |
| 2024-03 | 7 | net worth falling, losing money, delinquency rising |  |
| 2024-06 | 7 |  |  |
| 2024-09 | 5 |  | loans>95% of shares, members leaving |
| 2024-12 | 6 | thin capital |  |
| 2025-03 | 2 |  | leaning on borrowings, net worth falling, losing money, thin capital |
| 2025-06 | 3 | delinquency 2x band |  |
| 2025-09 | 4 | assets shrinking |  |
| 2025-12 | 3 |  | 3rd-party paper>100% NW |
| 2026-03 | 4 | expense trap |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-05-01 [Telhio Credit Union partners with small businesses to drive growth - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxNcFRGVGZlZVJmYUQ5WXJiek1pcXRoODFIcWY1dzBhWXVneXYzREpNRjhrOUxDNHFWTXNabkRsZnpwWDdmU3NHSlNHcnFidDdWLWRUZlVEM3dZY203WldSa3hBWE43N2lNNnV0TFpVWkppeXJVSkYzdHdaRW16d2ZQVmdHaE1lZzEtWWZUUkFJNl83QVNvYjJlOThiZXdHMjhxWHQtNXowcw?oc=5) · The Business Journals
- 2026-05-07 [Telhio Credit Union CEO Derrick Bailey named to Columbus Business First's Prestigious Power 125 list for 2026 - CUInsight](https://news.google.com/rss/articles/CBMi4wFBVV95cUxOdlpUQWZiX2JtbGFXeUkxcnZJUS1DTnJUOHdya3BhVDUxRGdZUzlwQ1FnSFJTMzVfQXFrbEJKalBlRHFhcTJzU2NSdnRXa2hDSWVoT0FOb3c3REVITmtDSzhUbTRDbk1oQnhNYmxfYTNnNjJ0UDdaRHM2WjJub2JEdEVyakxqbUZ4UVVBMWVrVDFNckhEX00wVkVRak1JM05ZUE9xVk1uTlVXSjdPMnh3YV9wY0xFVS1tdmNBY2FiUUlhLXp3NENJcmtUX2hlRnVZMnhSZ1BqVXg3YS16Q3FCMkZjZw?oc=5) · CUInsight
- 2026-07-16 [Telhio Credit Union opens new branch in Bexley - The Business Journals](https://news.google.com/rss/articles/CBMioAFBVV95cUxNOXE3eWZiVGJQVnhuTTVVYkh2UGtzZUZnSVlSajQ5VW9WLW1hYUZkSldDeG0zMmdYTWdxeXdfUHJhb3g5TWZfenA0MWU2bm40U2lSZktUUVdyLV84dlZSREdrVmVURHpnaVAwdzMzUk94a1JYV1ZWYXpXODZsV04tX0F6V3VRenJyRDNwSUZZR2s2dVVOakVaNVhZQ1VXX1g3?oc=5) · The Business Journals
- 2021-07-21 [Telhio Credit Union Selects Upstart for Personal Lending - Upstart](https://news.google.com/rss/articles/CBMisAFBVV95cUxQZGlneS11WnRXR3psRFpxV2RXaWJpaGhyM1ZPUmk0VEp6STVDYlVqTDd1dUlkMjV1YWw1T0RHU2hnQ2ZBWXJlTnVobWlQYWp5dTJKanQ2VVFBY3FuaGkydmZKVFVObnRDUTl2Uk5wY2V3bmhTVktvM2tNSXp6RjV5c3NQV2toTVBNNmtYcGZfTWZEOUZQbWxMVjVXN05YSTJTSUt6aTdsb0VHdjZ2bFExaQ?oc=5) · Upstart
- 2023-02-22 [Telhio Credit Union plans CEO transition this summer - American Banker](https://news.google.com/rss/articles/CBMiowFBVV95cUxPRWRZY0Y0a2RpblAtM3ExaGVOaWtSYlI0UGZuWEdIc3ZGRmh2NFNWaU9IWDdXMjBFbzd5OWQtM0xXWFdoMHEzcThOMURqWEZYZ1Z5clVnbnJlTFU2Q2dtS01uZVBPMS1vRXRzZGxoQ0hxMGI1UnlPdjIxZGZjWEtqWlFsSUUyek1ySU5XSVdFWExxekh6dHJBbEJnbVRIUEZjQ3VN?oc=5) · American Banker
- 2024-04-16 [Police searching for robber that stole $2,000 from northeast Columbus credit union - WSYX](https://news.google.com/rss/articles/CBMiugFBVV95cUxQRnh0Ry1XSHByNkVfbEtiWTZoaHphTDR4OEhoWU5jbEE2MWc1clJhbW1PbkZTUFFqUy12NlRXU3NvcDJDY1ZWckwxVnRaajlJdExmeEZYM2k5YWM4VWhuaHhUdG45aGNKb1drYWZhbmFJWl9Hc3dPd1prZW9jbGI2UDQ0dVUwN2NwRzcwRGpmODdxSllGSFdOaGxhV1NETDNyejFNOXpFZ3JGdS04cEI4TkFmWlZwcWhaNkE?oc=5) · WSYX
- 2015-05-11 [Ohio’s 5 Best Credit Unions - BadCredit.org](https://news.google.com/rss/articles/CBMiY0FVX3lxTE9oekFFUk40bExqc3FLRV90X0JrX3lhOEVVOF9SLVBRRXhyY2NtSElLQ0diVEg1bjdGYXhmMXgzR0VmTXY0ZU9rQ0RWLVcyRlJWVlBJODhQZEJ1cnFmWmx0VVk4UdIBaEFVX3lxTFA3QWdXSTNpcWZ1LTd3YXVjTXBVeS00QWxLMjNvRzZ3WVBfS2hubVF3R2xfZjB3VDZrVVhsM1EyOTQyd3VTSGxIaUpJa3JRT2wtUHFSb21ZTlpyWmxLNjIxYnVRU3ZmZzdh?oc=5) · BadCredit.org
- 2023-03-31 [Executive Insights: A Q&A with Derrick Bailey, president of Telhio Credit Union - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxPQUl1RE5YMXNta056bWNOMzY1cDk2dmdpN1kwd1VNdHpONmJIQ1V1WE43YWpmYW5tcUJBTnFkeTJYMDF4WGtFdUdIQ0FUcmNjSGhqMGRVVDZiX0FfQm5Lei1DdklIN1RoeGZtbUNMUzc3TW9raHNKc0sxekpOWkNfNzE2cW9EaHU5ZmNVa21FWDVMc1BZeTYwQWNEZUxqVmtBTEtEVg?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62848 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/0.json (key "62848", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=62848
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide