With nearly 20 years of leadership experience in the financial industry, Derrick Bailey is the President of Telhio Credit Union, a $1.3 billion financial cooperative. He was named President in 2022 and is the institution’s first African-American president.
As the leader of the state’s fastest-growing credit union, Derrick aims to support individuals and families with financial resources, while helping small and medium businesses create jobs that enhance local communities.
Derrick joined Telhio Credit Union in 2013 after several years in the wholesale mortgage industry and serving as a business banker for a regional bank. Upon joining the credit union, Derrick led the commercial lending division to become the top-performing division in less than six months, eventually leading Telhio to become a top SBA lender in the market (#2 overall, #1 credit union). Derrick joined the executive team of Telhio in 2016, and provided the same leadership to the mortgage division of the company, leading Telhio to become one of the top consumer and commercial mortgage lenders in central Ohio.
In his most recent role of Chief Sales Officer, Derrick led all revenue-generating aspects of Telhio including consumer and business banking and mortgage, lending and FinTech program management. Derrick also led Telhio’s involvement as a Community Development Financial Institutions Fund (CDFI), which helps invest federal and private sector dollars to support economically disadvantaged communities. Telhio is one of the largest credit unions in the country with this designation.
Outside of his work at Telhio, Derrick served on the board of directors, including serving on the executive committee as treasurer, for Columbus Area Integrated Health Services. He is a board member with Ronald McDonald House Charities of Central Ohio and has been a member and president of the board of directors of the March of Dimes. He also serves as a member of the Small Lender Committee of the National Association of Government Guaranteed Lenders.
Derrick earned his master’s degree in business administration from Capital University and his bachelor’s degree in business administration from the University of Toledo. He and his family live in Blacklick, Ohio, and he enjoys golfing and traveling.
Company Website: https://www.telhio.org/
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