2023-11-09T12:31:30-06:00 2022-12-31 202122306 GBQ PARTNERS LLC 4030 SMITH ROAD SUITE 400 CINCINNATI OH 45209 990 2022-01-01 344475249 DIRECTIONS CREDIT UNION INC DIRE 4198419838 200 N ST CLAIR STREET 1600 TOLEDO OH 43604 JOHN USTASZEWSKI CFO 4198419838 2023-11-01 1 JOHN USTASZEWSKI 999009999 0 GREG HEIMKREITER P01331287 5138713033 2023-11-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN USTASZEWSKI 200 N ST CLAIR STREET 1600 TOLEDO OH 43604 51322448 0 X WWW.DIRECTIONSCU.ORG X 1953 OH TO BE A TRUSTED PARTNER IN HELPING MEMBERS ACHIEVE THEIR FINANCIAL GOALS. 11 11 374 11 757636 0 0 0 44052570 48338335 1523493 2984113 570562 0 46146625 51322448 0 0 0 0 18196415 19761410 0 0 0 21222156 26300138 39418571 46061548 6728054 5260900 1165662447 1181695704 1066594773 1084008926 99067674 97686778 TO BE A TRUSTED PARTNER IN HELPING MEMBERS ACHIEVE THEIR FINANCIAL GOALS. 0 0 PROVIDE 95,624 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 13385 0 1 374 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 SARAH PAWLICKI DIRECTOR 1.00 X 0 0 0 KIM HOWARD CHAIR 1.00 X X 0 0 0 RAY LEIGHTON BOARD MEMBER 1.00 X 0 0 0 JOYCE SLUSHER DIRECTOR 1.00 X 0 0 0 PATRICE SCOTT DIRECTOR 1.00 X 0 0 0 JOE SHARP DIRECTOR 1.00 X 0 0 0 PATRICIA PETERSON DIRECTOR 1.00 X X 0 0 0 FREDERIC A KOMINEK BOARD TREASURER 1.00 X 0 0 0 DAWN BRODIE BOARD MEMBER 1.00 X 0 0 0 MARK KOTT SECRETARY 2.00 X X 0 0 0 JAY MALCOLM VICE CHAIR 3.00 X 0 0 0 PATRICK HARRIGAN VP RETAIL OPERATIONS 40.00 X 113479 0 2295 DIANE HARRIS VP CENTRAL OHIO MARKET 40.00 X 114399 0 2299 DANIEL KUBACKI VP STRAT INS & DATA SCIENCE 40.00 X 111259 0 2238 RON PEEPS VP FINANCE 40.00 X 110176 0 2239 LISA WAGNER VP OF COMMERCIAL BANKING 40.00 X 115879 0 1191 JUSTIN COOK DIR OF IT OPERATIONS 40.00 X 105580 0 2811 PAM LIMPF DIR OF CONSUMER LENDING 40.00 X 114399 0 1010 SCOTT SWANN SVP - LENDING 45.00 X 178424 0 1747 BARRY SHANER CEO 45.00 X 478749 0 5835 MATT GIES CHIEF TALENT OFFICER 45.00 X 169010 0 3003 JONATHAN POLLOCK CHIEF RISK OFFICER 45.00 X 239918 0 3396 JOHN USTASZEWSKI CHIEF FINANCIAL OFFICER 45.00 X 279958 0 3929 BIRAN EPSTEIN CHIEF EXPERIENCE OFFICER 45.00 X 307287 0 4079 SONJA DELANEY CHIEF STRATEGY OFFICER 45.00 X 250356 0 4076 JULIE LINCH SVP RETAIL OPS & PHYS PRESENCE 45.00 X 190707 0 4149 JENNIFER HERNES MORTGAGE ORIGINATOR 40.00 X 257487 0 2922 CHRISTOPHER MILLER MORTGAGE ORIGINATOR 40.00 X 129228 0 2576 KIMBERLY REGAN MORTGAGE ORIGINATOR 40.00 X 191537 0 3975 BRENDA COVRETT VP OF BRANDING & COMM ENGAGEMENT 40.00 X 126544 0 1776 LORI JABLONSKI VP OF IT 40.00 X 120529 0 2420 3704905 0 57966 20 0 1 0 BANKOWSKI BUILDERS 9265 VILLAGE MEADOWS TEMPERANCE MI 48182 CONSTRUCTION 5703431 BLACK OAK BUILDING COMPANY 5839 VAIL AVE TOLEDO OH 43623 CONSTRUCTION 3326193 CULA 3111 CAMINO DEL REI NORTH STE 203 SAN DEIGO CA 92108 AUTO LEASES 1714750 MAVILLINO CUSTOM HOMES 25664 N DIXIE HWY PERRYSBURG OH 43551 CONSTRUCTION 1139766 SYNERGI PARTNERS 151 W EVANS STREET FLORENCE SC 29501 TAX CREDIT EXPERTS 1002244 48 INTEREST ON LOANS 522100 34598746 34598746 CARD INCOME 522100 7438293 6680657 757636 DEPOSIT-RELATED INCOME 522100 3984554 3984554 LENDING-RELATED INCOME 522100 1553205 1553205 MORTGAGE-RELATED INCOME 522100 619441 619441 144096 144096 48338335 2984113 2984113 51322448 47580699 757636 2984113 3762871 14576409 183962 1238168 53461 85088 1539391 1584507 12132390 2560933 72160 332585 2368802 1999889 253044 PROVISION FOR LOAN LOSS 1761500 MISCELLANEOUS OPERATING 1556388 46061548 12204763 12107843 217978457 36435604 779321140 969176493 32910064 18061586 14708231 14848478 114772659 107683672 26677197 41443614 1165662447 1181695704 12297038 27626492 6000000 1054297735 1050382434 1066594773 1084008926 X 0 0 0 0 99067674 97686778 99067674 97686778 1165662447 1181695704 5260900 -6641796 0 X 0 1 X 1 0 3717205 3717205 10327244 5996989 4330255 8094503 3956014 4138489 10721112 8108583 2612529 50000 50000 14848478 AFS INVESTMENTS 84283818 F HTM INVESTMENTS 14672000 C CERTIFICATES 1490000 C INVESTMENT IN CUSO'S 1055947 C FEDERAL HOME LOAN BANK 1475200 C INVESTMENT IN OTHER CREDIT UNIONS 4706707 C 107683672 MEMBERS' SHARES & DEPOSITS 1050382434 1050382434 X PART X, LINE 2: THE CREDIT UNION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ITS FINANCIAL STATEMENTS AS REQUIRED UNDER FASB 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. THE CREDIT UNION'S INCOME TAX RETURNS PRIOR TO 2016 ARE CLOSED. MANAGEMENT DETERMINED THERE WERE NO MATERIAL UNCERTAIN POSITIONS TAKEN BY THE CREDIT UNION IN ITS TAX RETURNS. PART IV LINE 11F. INCOME TAXES AS A CREDIT UNION, THE CREDIT UNION IS EXEMPT FROM FEDERAL, STATE AND LOCAL TAXES UNDER THE PROVISIONS OF 501(C)(14) OF THE INTERNAL REVENUE CODE. 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 423928 0 54587 0 234 0 4575 0 1260 0 484584 0 0 0 BIRAN EPSTEIN CHIEF EXPERIENCE OFFICER 266713 0 40340 0 234 0 3291 0 788 0 311366 0 0 0 JOHN USTASZEWSKI CHIEF FINANCIAL OFFICER 240233 0 39491 0 234 0 2669 0 1260 0 283887 0 0 0 JENNIFER HERNES MORTGAGE ORIGINATOR 255827 0 1426 0 234 0 2292 0 630 0 260409 0 0 0 SONJA DELANEY CHIEF STRATEGY OFFICER 215471 0 34651 0 234 0 2816 0 1260 0 254432 0 0 0 JONATHAN POLLOCK CHIEF RISK OFFICER 206287 0 33397 0 234 0 2766 0 630 0 243314 0 0 0 KIMBERLY REGAN MORTGAGE ORIGINATOR 189877 0 1426 0 234 0 2715 0 1260 0 195512 0 0 0 JULIE LINCH SVP RETAIL OPS & PHYS PRESENCE 183578 0 6895 0 234 0 2889 0 1260 0 194856 0 0 0 SCOTT SWANN SVP - LENDING 160066 0 18124 0 234 0 1747 0 0 0 180171 0 0 0 MATT GIES CHIEF TALENT OFFICER 153827 0 14949 0 234 0 2373 0 630 0 172013 0 0 0 JOE SHARP BOARD MEMBER OF DIRECTIONS CREDIT UNION 246647 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. TFS MARKETING 5121 WHITEFORD ROAD SYLVANIA OH 43560 030520723 FINANCIAL SERVICES OH 267634 DIRECTIONS CREDIT UNION