2019-10-30T14:34:49-05:00 2018-12-31 202122306 GBQ PARTNERS LLC 4030 SMITH ROAD CINCINNATI OH 45209 990 2018-01-01 344475249 DIRECTIONS CREDIT UNION INC DIRE 4198419838 5121 WHITEFORD ROAD SYLVANIA OH 435602987 FRITZ COMES CFO 4198419838 2019-10-18 1 GREGORY W HEIMKREITER P01331287 5138713033 66.195.173.51 2019-10-18 13:28:08 ED P EEDA52ECEAD1C13BCC69D2B6E8FA70E789B63302 EEDA52ECEAD1C13BCC69D2B6E8FA70E789B63302 2018 2019-02-21 02:37:17Z FRITZ COMES 5121 WHITEFORD ROAD SYLVANIA OH 43560 44546474 0 X WWW.DIRECTIONSCU.ORG X 1953 OH TO BE A TRUSTED PARTNER IN HELPING MEMBERS ACHIEVE THEIR FINANCIAL GOALS. 14 14 311 15 667683 0 0 0 32989904 40147512 735876 1585453 1152650 760808 34878430 42493773 0 0 0 0 13183164 15495776 0 0 0 20372833 22958180 33555997 38453956 1322433 4039817 713263825 854425313 656508222 770930144 56755603 83495169 TO BE A TRUSTED PARTNER IN HELPING MEMBERS ACHIEVE THEIR FINANCIAL GOALS. 0 0 PROVIDE 104,452 MEMBERS WITH SHARE DRAFTS, REGULAR SHARES, IRA, MONEY MARKET, CERTIFICATES AND OTHER SAVINGS ACCOUNTS TOTALING 180,048. PROVIDE 50,891 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 0 0 0 0 0 0 0 1 0 0 0 1 17717 0 1 311 1 1 1 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X FRITZ COMES 4198419838 200 N ST CLAIR STREET SUITE 1600 TOLEDO OH 43604 SARAH PAWLICKI DIRECTOR 1.00 X 0 0 0 JOYCE SLUSHER DIRECTOR 1.00 X 0 0 0 KIM HOWARD TREASURER 1.00 X X 0 0 0 BRENT SCHLEGEL VICE CHAIR 2.00 X 0 0 0 PATRICE SCOTT DIRECTOR 1.00 X 0 0 0 JOE SHARP DIRECTOR 1.00 X 0 0 0 GENEVIEVE GEHA KIRKBRIDE DIRECTOR 1.00 X 0 0 0 MARK KOTT CHAIR 1.00 X X 0 0 0 PATRICIA PETERSON SECRETARY 1.00 X X 0 0 0 BOB COHEN BOARD MEMBER 1.00 X 0 0 0 DAWN BRODIE BOARD MEMBER 1.00 X 0 0 0 FREDERIC A KOMINEK BOARD MEMBER 1.00 X 0 0 0 RICK MONTCALM BOARD MEMBER 1.00 X 0 0 0 RAY LEIGHTON BOARD MEMBER 1.00 X 0 0 0 BARRY SHANER CEO 45.00 X 325811 0 5183 FREDERIC COMES CFO 45.00 X 153886 0 2940 BRENDA COVRETT VP 40.00 X 102202 0 1529 KIM DUBENDORFER VP 40.00 X 99507 0 2074 JULIE LINCH SVP 45.00 X 160525 0 3679 TIM CROSBY SVP 45.00 X 141583 0 2699 KATHY MARTIN SVP 45.00 X 160690 0 2318 JENNIFER HERNES MORTGAGE ORIGINATOR 40.00 X 202233 0 2872 KIMBERLY REGAN MORTGAGE ORIGINATOR 40.00 X 123561 0 2996 1469998 0 26290 8 0 1 0 LATHROP 28 N ST CLAIR TOLEDO OH 43604 HEADQUARTER CONSTRUCTION 2337140 AMERICAN INTERIORS 1100 MADISON AVE TOLEDO OH 43604 TOWER INTERIOR 814210 IDSCOM 747 E WHITCOMB AVE MADISON HEIGHTS MI 48071 MEMBER STATEMENTS 355544 MEYER HILL LYNCH PO BOX 53230 PHOENIX AZ 85072 PHONES 220811 CBC INNOVIS PO BOX 535595 PITTSBURGH PA 15253 CREDIT REPORTS 192692 5 INTEREST ON LOANS 522100 27186882 27186882 FEE INCOME 522100 10019227 9888101 131126 OTHER OPERATING INCOME 522100 2941403 2404846 536557 40147512 1636930 1636930 2001224 2052701 -51477 -51477 -51477 FHLMC MORTGAGES 522292 760808 760808 760808 42493773 40189160 667683 1636930 487820 11623218 134313 2310899 939526 50134 45741 483735 1237843 9890597 2008245 77433 196924 3510024 1163412 125007 PROVISION FOR LOAN LOSS 3569460 MISCELLANEOUS OPERATING 599625 38453956 8385194 9378514 39473563 30127299 608645290 719909270 31998451 14973695 13635684 17024756 25313261 53908418 17810833 24077056 713263825 854425313 7644836 10818212 3000000 16926000 645863386 743185932 656508222 770930144 X 0 0 0 0 56755603 83495169 56755603 83495169 713263825 854425313 X 4039817 14761 22684988 X 0 1 X 1 0 3601923 3601923 10442526 4956695 5485831 7062211 2107720 4954491 10891791 7909280 2982511 17024756 AFS INVESTMENTS 10507559 F HTM INVESTMENTS 35281620 C CERTIFICATES 1941000 C INVESTMENT IN CUSO'S 78621 C FEDERAL HOME LOAN BANK 1797900 C INVESTMENT IN OTHER CREDIT UNIONS 4301718 C 53908418 MEMBERS' SHARES & DEPOSITS 743185932 743185932 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 2013 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 310425 0 15152 0 234 0 3923 0 1260 0 330994 0 0 0 FREDERIC COMES CFO 148012 0 5640 0 234 0 2305 0 635 0 156826 0 0 0 JULIE LINCH SVP 154395 0 5896 0 234 0 2404 0 1275 0 164204 0 0 0 KATHY MARTIN SVP 154503 0 5953 0 234 0 2318 0 0 0 163008 0 0 0 JENNIFER HERNES MORTGAGE ORIGINATOR 201696 0 303 0 234 0 2242 0 630 0 205105 0 0 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 MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE ORGANIZATION'S LOBBIES. ALL OTHER POLICIES AND DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: EQUITY AQUIRED IN MERGER 22,684,988. TFS MARKETING 5121 WHITEFORD ROAD SYLVANIA OH 43560 030520723 FINANCIAL SERVICES OH 267634 DIRECTIONS CREDIT UNION