Burgeoning Ohio credit union to trade east side for west side
The $697 million-asset Pathways Financial Credit Union is working on a deal for a new HQ building in Dublin, Ohio.
One of the fastest growing credit unions in Ohio is in the process of moving its headquarters 20 miles to the opposite side of Columbus.
The $697 million-asset Pathways Financial Credit Union is working to complete the purchase of a building in Dublin, a suburb outside of the city’s west side.
“We’ve outgrown our current HQ building and have been looking for a new larger location to house our administrative staff,” CEO Michael Shafer told Tyfone. “The purchase of the building is not yet finalized, so we’ve been holding off on commenting much on the relocation until everything is finalized.”
Pathways Financial bought its current office on the northeast side of Columbus in 2009, according to a report by Columbus Business First.
The credit union would move 46 office employees and add 21 new jobs to the new space by the
end of 2029, according to the report.
Pathways had 111 full-time employees at the end of March, according to call report data from the National Credit Union Administration. Many of those employees work in the credit union’s 12 branches.
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Shafter told Tyfone that cultivating a culture of sustained membership growth is crucial to the long-term success of the credit union. The credit union experienced year-over-year membership growth of about 7.6% to 51,802 by the end of 2024.
And already in the first quarter of 2025 Pathways added another 2,500 new members.
In conjunction with that, Pathways has also seen strong deposit growth of late.
The company had $581.6 million in shares at the end of 2024, a 13% increase compared to the end of 2023.
The credit union had a little help with its recent growth through the two mergers it finalized during 2024. Both Springfield Postal Employees Federal Credit Union and SMART Federal Credit Union merged with Pathways last year.
And it wasn’t done there.
Pathways announced its expansion into Northeast Ohio through a strategic merger with Taleris Credit Union, effective May 1. The deal marks Pathways’ first presence in the Greater Cleveland market.
Pathways Financial earned roughly $753,000 in the first quarter of 2025, a 108% increase compared with a year earlier, according to call report data from the NCUA.
“We’ve outgrown our current HQ building and have been looking for a new larger location to house our administrative staff.”
– Michael Shafer
CEO
Pathways Financial Credit Union
