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National Credit Union Service Organization

DIRECTIONS CREDIT UNION

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.


ABA Routing Number: 241282577
Name:DIRECTIONS CREDIT UNION
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
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

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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