Nonprofit · EIN 34-4475249
569 DIRECTIONS CREDIT UNION INC
Tax-exempt · TOLEDO, OH 43604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $73,772,147 | $65,930,945 | $7,841,202 | $1,303,538,165 | $1,183,382,115 | $120,156,050 |
| December 31, 2023 | 990 | $62,910,262 | $54,340,464 | $8,569,798 | $1,202,737,664 | $1,092,644,038 | $110,093,626 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $67,581,542
- Investment income
- $6,190,605
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $2,332,554
- Other salaries and wages
- $18,090,011
- Salaries, compensation and benefits (total)
- $22,944,365
- Professional fundraising fees
- $0
- Legal fees
- $19,486
- Accounting fees
- $124,692
- Occupancy
- $3,638,095
- Travel
- $139,338
- Depreciation
- $1,228,070
Balance sheet and other
- Total assets, start of year
- $1,202,737,664
- Total assets, end of year
- $1,303,538,165
- Total liabilities, end of year
- $1,183,382,115
- Net assets, end of year
- $120,156,050
- Land, buildings and equipment
- $13,630,130
- Gross unrelated business income
- $648,955
- Gross receipts
- $73,772,147
- Employees
- 358
- Volunteers
- 7
- Year formed
- 1953
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BARRY SHANER | CEO Officer | 45 | $522,897 | $12,705 |
| JENNIFER HERNES | SR MORTGAGE LOAN ORIGINATOR Highest-paid employee | 40 | $339,388 | $10,866 |
| JOHN USTASZEWSKI | CHIEF OPERATING OFFICER Officer | 45 | $321,619 | $10,332 |
| SONJA DELANEY | CHIEF STRATEGY OFFICER Officer | 45 | $292,997 | $9,280 |
| JULIE LINCH | SVP RETAIL OPS & PHYS PRES Key employee | 45 | $246,226 | $7,537 |
| MATT GIES | CHIEF TALENT OFFICER Officer | 45 | $241,220 | $7,166 |
| JONATHAN POLLOCK | CHIEF RISK OFFICER Officer | 45 | $239,134 | $8,232 |
| BRIAN EPSTEIN | CHIEF EXPERIENCE OFFICER Officer | 45 | $215,966 | $3,700 |
| SCOTT SWAN | SVP - LENDING Officer | 45 | $187,466 | $6,074 |
| ANGI SZUMA | SVP MEMBER EXPERIENCE Highest-paid employee | 40 | $171,425 | $5,938 |
| BRENDA COVRETT | VP OF BRANDING & COMM ENGA Highest-paid employee | 40 | $146,643 | $3,993 |
| DIANE HARRIS | VP MEMBER EXPERIENCE Highest-paid employee | 40 | $145,926 | $3,410 |
| PATRICK HARRIGAN | VP ITM OPS & FACILITIES Highest-paid employee | 40 | $138,628 | $4,714 |
| JAY MALCOLM | BOARD CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| MARK KOTT | BOARD VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE SHARP | BOARD MEMBER Trustee or director | 1 | $0 |
| FREDERICK A KOMINEK | BOARD TREASURER Trustee or director, Officer | 1 | $0 |
| RAY LEIGHTON | BOARD SECRETARY Trustee or director, Officer | 1 | $0 |
| PATRICIA PETERSON | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFF UNDERWOOD | BOARD MEMBER Trustee or director | 1 | $0 |
| LAURA CSOMOS | ASSOCIATE BOARD MEMBER Trustee or director | 1 | $0 |
| NADIA LEWIS | ASSOCIATE BOARD MEMBER Trustee or director | 1 | $0 |
| AARON WIENS | ASSOCIATE BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BARRY SHANER | CEO Officer | 45 | $516,513 | $10,788 |
| JENNIFER HERNES | SR MORTGAGE LOAN ORIGINATOR Highest-paid employee | 40 | $285,941 | $8,123 |
| BRIAN EPSTEIN | CHIEF EXPERIENCE OFFICER Officer | 45 | $266,079 | $7,461 |
| JOHN USTASZEWSKI | CHIEF FINANCIAL OFFICER Officer | 45 | $265,058 | $7,445 |
| SONJA DELANEY | CHIEF STRATEGY OFFICER Officer | 45 | $254,079 | $6,852 |
| JONATHAN POLLOCK | CHIEF RISK OFFICER Officer | 45 | $236,408 | $5,929 |
| MATT GIES | CHIEF TALENT OFFICER Officer | 45 | $223,421 | $5,580 |
| JULIE LINCH | SVP RETAIL OPS & PHYS PRESENCE Key employee | 45 | $218,712 | $5,907 |
| SCOTT SWAN | SVP - LENDING Officer | 45 | $181,857 | $4,230 |
| BRENDA COVRETT | VP OF BRANDING & COMM ENGAGEMENT Highest-paid employee | 40 | $144,044 | $3,239 |
| DIANE HARRIS | VP CENTRAL OHIO MARKET Highest-paid employee | 40 | $132,773 | $3,787 |
| LISA WAGNER | VP OF COMMERCIAL BANKING Highest-paid employee | 40 | $131,228 | $2,869 |
| PATRICK HARRIGAN | VP RETAIL OPERATIONS Highest-paid employee | 40 | $130,032 | $3,840 |
| JAY MALCOLM | BOARD VICE CHAIR Trustee or director | 3 | $0 | $0 |
| MARK KOTT | BOARD SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| SARAH PAWLICKI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOE SHARP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICE SCOTT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FREDERICK A KOMINEK | BOARD TREASURER Trustee or director | 1 | $0 | $0 |
| RAY LEIGHTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICIA PETERSON | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 N SAINT CLAIR ST STE 1600, TOLEDO, OH 43604-1549
- In care of
- % CANDY TSCHERNE
- Principal officer (990 for 2024)
- JOHN USTASZEWSKI, 200 N ST CLAIR STREET 1600, TOLEDO, OH 43604
- Signed the 990
- KEITH WEYLER, CFO
- Phone
- (419) 841-9838
- Website
- WWW.DIRECTIONSCU.ORG
- Return prepared by
- GBQ PARTNERS LLC
Mission
TO BE A TRUSTED PARTNER IN HELPING MEMBERS ACHIEVE THEIR FINANCIAL GOALS.
Program accomplishments
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 34-4475249
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1990: OHIO CHARTERED CREDIT UNIONS
- Assets (IRS master file)
- $1,303,538,165
- Income (IRS master file)
- $73,772,147
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $73,772,147 | $65,930,945 | $1,303,538,165 | XML |
| 990 | December 2023 | $62,910,262 | $54,340,464 | $1,202,737,664 | XML |
| 990 | December 2022 | $51,322,448 | $46,061,548 | $1,181,695,704 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-4475249).
Questions about 569 DIRECTIONS CREDIT UNION INC
- What is the EIN of 569 DIRECTIONS CREDIT UNION INC?
- The employer identification number (EIN) of 569 DIRECTIONS CREDIT UNION INC is 34-4475249.
- Is 569 DIRECTIONS CREDIT UNION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
- Are donations to 569 DIRECTIONS CREDIT UNION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does 569 DIRECTIONS CREDIT UNION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 569 DIRECTIONS CREDIT UNION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 569 DIRECTIONS CREDIT UNION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of 569 DIRECTIONS CREDIT UNION INC?
- The 990 for the year ended December 31, 2024 names JOHN USTASZEWSKI.
- Who are the officers and directors of 569 DIRECTIONS CREDIT UNION INC?
- The 990 for the year ended December 31, 2024 lists 23 people; 13 received compensation from the organization, the highest $522,897 (BARRY SHANER, CEO).
- How much revenue does 569 DIRECTIONS CREDIT UNION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $73,772,147, expenses of $65,930,945 and total assets of $1,303,538,165 at year end.
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