Jun, 30, 2024 — DIRECTIONS CREDIT UNION is a federally insured state chartered credit union headquartered in TOLEDO, OH with 23 branch locations and about $1.19 billion in total assets. Opened 72 years ago in 1953, DIRECTIONS CREDIT UNION has about 95,166 members and employs 303 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: | 23 branch locations |
Members: | 95,166 |
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, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,194,265,566 |
CEO/Manager: | Barry Shaner |
Chairperson: | Jay Malcolm |
ASSETS: | $ Amount |
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Cash & Equivalents | 112,988,606 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 426,410,737 |
Unsecured Loans | 70,200,761 |
Other Loans | 414,486,632 |
TOTAL LOANS | 912,326,430 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,576,377 |
Land And Building | 8,109,254 |
Other Fixed Assets | 14,396,687 |
NCUSIF Deposit | 10,175,808 |
All Other Assets | 0 |
TOTAL ASSETS | 1,194,265,566 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 20,237,260 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 253,668,620 |
Regular shares | 413,294,397 |
All Other Shares & Deposits | 405,997,375 |
TOTAL SHARES & DEPOSITS | 1,072,960,392 |
TOTAL LIABILITIES | 1,093,197,652 |
Regular Reserve | 0 |
Other Reserves | 14,193,092 |
Undivided Earnings | 86,874,822 |
TOTAL EQUITY | 101,067,914 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,194,265,566 |
INCOME & EXPENSE | |
Loan Income | 24,921,752 |
Investment Income | 2,152,665 |
Other Income | 4,132,806 |
Total Employee Compensation & Benefits | 8,296,998 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 17,369,093 |
Non-operating Income & (Expense) | 88,595 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,071,500 |
Cost of Funds | 1,621,124 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 9,341,740 |
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