2025-11-17T07:59:57-06:00 2024-12-31 202122306 GBQ PARTNERS LLC 4030 SMITH ROAD SUITE 400 CINCINNATI OH 45209 990 2024-01-01 344475249 DIRECTIONS CREDIT UNION INC DIRE 4198419838 200 N ST CLAIR STREET 1600 TOLEDO OH 43604 KEITH WEYLER CFO 4198419838 2025-11-15 1 1 KATHLEEN M MOSELEY P00116760 5138713033 2025-11-15 2024 2025-03-06 01:10:19Z JOHN USTASZEWSKI 200 N ST CLAIR STREET 1600 TOLEDO OH 43604 73772147 0 X WWW.DIRECTIONSCU.ORG X 1953 OH TO BE A TRUSTED PARTNER IN HELPING MEMBERS ACHIEVE THEIR FINANCIAL GOALS. 11 11 358 7 648955 0 0 0 60169198 67581542 2741064 6190605 0 0 62910262 73772147 0 0 0 0 21024825 22944365 0 0 0 33315639 42986580 54340464 65930945 8569798 7841202 1202737664 1303538165 1092644038 1183382115 110093626 120156050 TO BE A TRUSTED PARTNER IN HELPING MEMBERS ACHIEVE THEIR FINANCIAL GOALS. 0 0 PROVIDE 94,001 MEMBERS WITH SHARE DRAFTS, REGULAR SHARES, IRA, MONEY MARKET, CERTIFICATES AND OTHER SAVINGS ACCOUNTS. PROVIDE LOANS INCLUDING CREDIT CARD, LINE OF CREDIT, NEW AND USED VEHICLE, FIRST MORTGAGE, BUSINESS, INDIRECT, PAY DAY, PARTICIPATION AND OTHER REAL ESTATE. OFFER ATM, DEBIT CARDS, CHECK CASHING, WIRE TRANSFERS, MONEY ORDERS, TRAVELERS CHECKS, OD PRIVILEGES, SAFE DEPOSIT BOXES, COIN COUNTING, BILL PAY, SHARED BRANCHING, FINANCIAL EDUCATION AND VARIOUS INSURANCE PROGRAMS TO ALL ELIGIBLE MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 15922 0 1 358 1 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X JOHN USTASZEWSKI 4198419838 200 N ST CLAIR STREET SUITE 1600 TOLEDO OH 43604 JAY MALCOLM BOARD CHAIR 3.00 X X 0 0 0 MARK KOTT BOARD VICE CHAIR 2.00 X X 0 0 0 JOE SHARP BOARD MEMBER 1.00 X 0 0 0 FREDERICK A KOMINEK BOARD TREASURER 1.00 X X 0 0 0 RAY LEIGHTON BOARD SECRETARY 1.00 X X 0 0 0 PATRICIA PETERSON BOARD MEMBER 1.00 X 0 0 0 JEFF UNDERWOOD BOARD MEMBER 1.00 X 0 0 0 LAURA CSOMOS ASSOCIATE BOARD MEMBER 1.00 X 0 0 0 NADIA LEWIS ASSOCIATE BOARD MEMBER 1.00 X 0 0 0 AARON WIENS ASSOCIATE BOARD MEMBER 1.00 X 0 0 0 BARRY SHANER CEO 45.00 X 522897 0 12705 SONJA DELANEY CHIEF STRATEGY OFFICER 45.00 X 292997 0 9280 BRIAN EPSTEIN CHIEF EXPERIENCE OFFICER 45.00 X 215966 0 3700 MATT GIES CHIEF TALENT OFFICER 45.00 X 241220 0 7166 JONATHAN POLLOCK CHIEF RISK OFFICER 45.00 X 239134 0 8232 JOHN USTASZEWSKI CHIEF OPERATING OFFICER 45.00 X 321619 0 10332 SCOTT SWAN SVP - LENDING 45.00 X 187466 0 6074 JULIE LINCH SVP RETAIL OPS & PHYS PRES 45.00 X 246226 0 7537 JENNIFER HERNES SR MORTGAGE LOAN ORIGINATOR 40.00 X 339388 0 10866 ANGI SZUMA SVP MEMBER EXPERIENCE 40.00 X 171425 0 5938 BRENDA COVRETT VP OF BRANDING & COMM ENGA 40.00 X 146643 0 3993 DIANE HARRIS VP MEMBER EXPERIENCE 40.00 X 145926 0 3410 PATRICK HARRIGAN VP ITM OPS & FACILITIES 40.00 X 138628 0 4714 3209535 0 93947 23 0 1 0 AREA FINANCIAL SERVICES 315 CROGHAN ST FREMONT OH 43420 COMPUTER MAINFRAME CUSO 4900769 BANKOWSKI BUILDERS 9265 VILLAGE MEADOWS TEMPERANCE MI 48182 CONSTRUCTION 3489892 BLACK OAK BUILDING COMPANY 5839 VAIL AVE TOLEDO OH 43623 CONSTRUCTION 3347949 CDW DIRECT PO BOX 75723 CHICAGO IL 606755723 CONSTRUCTION 3157610 CU STUDENT CHOICE 6000 28TH ST GRAND RAPIDS MI 49546 CONSTRUCTION 2179325 47 INTEREST ON LOANS 522100 52601841 52601841 CARD INCOME 522100 8369915 7720960 648955 DEPOSIT-RELATED INCOME 522100 3559371 3559371 OTHER INCOME 522100 1277368 1277368 LENDING-RELATED INCOME 522100 1160830 1160830 612217 612217 67581542 6190605 6190605 73772147 66932587 648955 6190605 2332554 18090011 361565 782583 1377652 19486 124692 454199 1779243 14917965 3638095 139338 349020 15686172 1228070 252920 PROVISION FOR LOAN LOSS 2375000 MISCELLANEOUS OPERATING 2022380 65930945 11750618 13440717 49483903 140843447 1008520327 1041374379 33533024 19902894 14112827 13630130 85951027 67727356 32918962 26522136 1202737664 1303538165 27776624 28065660 43974482 35670298 1020892932 1119646157 1092644038 1183382115 X 0 0 0 0 110093626 120156050 110093626 120156050 1202737664 1303538165 7841202 2221222 0 X X 0 1 X 1 0 3717205 3717205 10327244 6444796 3882448 8633238 4956860 3676378 10761173 8501238 2259935 94164 94164 13630130 AFS INVESTMENTS 53822757 F HTM INVESTMENTS 4919000 C INVESTMENT IN CUSO'S 1169480 C FEDERAL HOME LOAN BANK 2764100 C INVESTMENT IN OTHER CREDIT UNIONS 5052019 C 67727356 MEMBERS' SHARES & DEPOSITS 1119646157 1119646157 X PART X, LINE 2: THE CREDIT UNION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ITS CONSOLIDATED FINANCIAL STATEMENTS AS REQUIRED UNDER FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE STANDARD PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE STANDARD ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION ACCOUNTING. MANAGEMENT DETERMINED THERE WERE NO MATERIAL UNCERTAIN POSITIONS TAKEN BY THE CREDIT UNION IN ITS TAX RETURNS 1 X X 0 0 0 BARRY SHANER CEO 469499 0 53222 0 176 0 11445 0 1260 0 535602 0 0 0 JENNIFER HERNES SR MORTGAGE LOAN ORIGINATOR 338182 0 1030 0 176 0 10236 0 630 0 350254 0 0 0 JOHN USTASZEWSKI CHIEF OPERATING OFFICER 291887 0 29556 0 176 0 9072 0 1260 0 331951 0 0 0 SONJA DELANEY CHIEF STRATEGY OFFICER 260758 0 32063 0 176 0 8020 0 1260 0 302277 0 0 0 JULIE LINCH SVP RETAIL OPS & PHYS PRES 223866 0 22184 0 176 0 6907 0 630 0 253763 0 0 0 MATT GIES CHIEF TALENT OFFICER 212609 0 28435 0 176 0 6536 0 630 0 248386 0 0 0 JONATHAN POLLOCK CHIEF RISK OFFICER 215606 0 23352 0 176 0 6972 0 1260 0 247366 0 0 0 BRIAN EPSTEIN CHIEF EXPERIENCE OFFICER 199838 0 16054 0 74 0 3070 0 630 0 219666 0 0 0 SCOTT SWAN SVP - LENDING 172065 0 15225 0 176 0 5286 0 788 0 193540 0 0 0 ANGI SZUMA SVP MEMBER EXPERIENCE 147298 0 23951 0 176 0 4678 0 1260 0 177363 0 0 0 BRENDA COVRETT VP OF BRANDING & COMM ENGA 141079 0 5388 0 176 0 3993 0 0 0 150636 0 0 0 JOE SHARP BOARD MEMBER OF DIRECTIONS CREDIT UNION 110300 COO OF THREAD MARKETING, A VENDOR OF DIRECTIONS CREDIT UNION 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE AND VOTING. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED BY THE MEMBERS BY A SIMPLE PLURALITY VOTE FOR THREE YEAR TERMS ON A ROTATING BASIS. FORM 990, PART VI, SECTION A, LINE 7B MERGERS AND NAME CHANGES REQUIRE THE APPROVAL OF THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO OF THE CREDIT UNION PRIOR TO FILING. COPIES ARE PROVIDED TO THE BOARD OF DIRECTORS FOR THIER REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS INCLUDED IN THE EMPLOYEE HANDBOOK AND IS REQUIRED TO BE SIGNED BY NEW HIRES AND WHEN THERE'S A CHANGE IN THE POLICY. BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY KNOWN OR POTENTIAL CONFLICTS IN ADVANCE OF A TRANSACTION AND ARE REQUIRED TO SIGN AN ANNUAL DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 CEO AND TOP MANAGEMENT POSITION'S COMPENSATION IS DETERMINED BY COMPARABILITY OF LIKE-SIZE CREDIT UNIONS. COMPENSATION IS ADJUSTED ANNUALLY TO COMPENSATE FOR COST OF LIVING AND PERFORMANCE OBJECTIVES THROUGH AN INTERNAL MATRIX PROGRAM AS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ALL POLICIES AND DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT BEEN CHANGED FROM PRIOR YEAR. TFS MARKETING 5121 WHITEFORD ROAD SYLVANIA OH 43560 030520723 FINANCIAL SERVICES OH 0 267634 DIRECTIONS CREDIT UNION