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Telhio was founded as the credit union for the Columbus Telephone Co. employees, but broadened its membership in 1999. In October 2016, Telhio acquired Hamilton, Ohio based Chaco Credit Union, securing its position as the 5th largest Credit Union in the state of Ohio, ranking the 37th largest financial institution in the state.
A shared branch credit union is one that allows members from other credit unions to use its branch facilities as if they were the member’s own home branch. “Shared branching” is the term for ...
Credit Union Service Centers (commonly known as shared branching) is an organization of credit unions that allows members of participating credit unions to process transactions at any participating branch. Members are generally free to conduct normal transactions and day-to-day operations away from their home branch. [1]
Wright-Patt Credit Union corporate office building in Beavercreek, Ohio. Wright-Patt Credit Union is a state-chartered credit union in Ohio, federally insured by the National Credit Union Administration (NCUA). [2] Like all credit unions, WPCU is governed by a board of volunteers, elected by and from its membership. [10]
Co-op Solutions also provides what the company calls shared branching. Members of 1,800 credit unions can perform most teller transactions at any one of the network's 5,700 branches. [16] [17] [18] This system was founded in
As of March 2020, the largest American credit union was Navy Federal Credit Union, serving U.S. Department of Defense employees, contractors, and families of servicepeople, with over $125 billion in assets and over 9.1 million members. [5] Total credit union assets in the U.S. reached $1 trillion as of March 2012. [6]
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