Dec, 31, 2023 — DIRECTIONS CREDIT UNION is a federally insured state chartered credit union headquartered in TOLEDO, OH with 21 branch locations and about $1.21 billion in total assets. Opened 71 years ago in 1953, DIRECTIONS CREDIT UNION has about 95,334 members and employs 299 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DIRECTIONS CREDIT UNION |
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Address: (Main Office) | 200 N Saint Clair St Ste 1600 TOLEDO, OH 43604-1549 |
Phone: | (419) 841-9838 |
Fax: | |
Website: | https://www.directionscu.org |
Branches: | 21 branch locations |
Members: | 95,334 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60978 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,208,727,342 |
CEO/Manager: | Barry Shaner |
Chairperson: | Jay Malcolm |
ASSETS: | $ Amount |
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Cash & Equivalents | 67,846,869 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 481,773,912 |
Unsecured Loans | 78,396,171 |
Other Loans | 442,425,348 |
TOTAL LOANS | 1,003,838,964 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,081,217 |
Land And Building | 7,811,231 |
Other Fixed Assets | 13,442,611 |
NCUSIF Deposit | 10,184,056 |
All Other Assets | 0 |
TOTAL ASSETS | 1,208,727,342 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 43,974,482 |
Accounts Payable & Other Liabilities | 33,766,303 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 239,643,974 |
Regular shares | 363,686,014 |
All Other Shares & Deposits | 417,562,942 |
TOTAL SHARES & DEPOSITS | 1,020,892,930 |
TOTAL LIABILITIES | 1,098,633,715 |
Regular Reserve | 0 |
Other Reserves | 17,784,895 |
Undivided Earnings | 92,308,732 |
TOTAL EQUITY | 110,093,627 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,208,727,342 |
INCOME & EXPENSE | |
Loan Income | 46,726,788 |
Investment Income | 2,753,119 |
Other Income | 5,046,649 |
Total Employee Compensation & Benefits | 21,685,536 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 23,974,718 |
Non-operating Income & (Expense) | -18,594 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,615,000 |
Cost of Funds | 7,184,620 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 8,569,820 |
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