2018-11-14T15:34:18-06:00 2017-12-31 202122306 GBQ PARTNERS LLC 4030 SMITH ROAD CINCINNATI OH 45209 990 2017-01-01 344475249 DIRECTIONS CREDIT UNION INC DIRE 4198419838 5121 WHITEFORD ROAD SYLVANIA OH 435602987 FRITZ COMES CFO 4198419838 2018-11-08 1 GREGORY W HEIMKREITER P01331287 5138713033 66.195.173.51 2018-11-08 13:53:46 ES P 6184B324A2006F15195522FC884C8CF5C6404A66 EEDA52ECEAD1C13BCC69D2B6E8FA70E789B63302 2017 2019-02-21 02:37:17Z FRITZ COMES 5121 WHITEFORD ROAD SYLVANIA OH 43560 37881716 0 X WWW.DIRECTIONSCU.ORG X 1953 OH TO BE A TRUSTED PARTNER IN HELPING MEMBERS ACHIEVE THEIR FINANCIAL GOALS. 11 11 290 11 414492 -1367861 0 0 30881284 32989904 1091579 735876 1692131 1152650 33664994 34878430 0 0 0 0 12358939 13183164 0 0 0 20276737 20372833 32635676 33555997 1029318 1322433 670748502 713263825 615420658 656508222 55327844 56755603 TO BE A TRUSTED PARTNER IN HELPING MEMBERS ACHIEVE THEIR FINANCIAL GOALS. 0 0 PROVIDE 86,191 MEMBERS WITH SHARE DRAFTS, REGULAR SHARES, IRA, MONEY MARKET, CERTIFICATES AND OTHER SAVINGS ACCOUNTS TOTALING 155,791. PROVIDE 40,924 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 0 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 13950 0 1 290 1 1 1 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 FRITZ COMES 4198419838 5121 WHITEFORD ROAD SYLVANIA OH 435602987 SARAH PAWLICKI DIRECTOR 1.00 X 0 0 0 JOYCE SLUSHER CHAIR 1.00 X X 0 0 0 KIM HOWARD TREASURER 1.00 X X 0 0 0 BRENT SCHLEGEL 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 GENEVIEVE GEHA KIRKBRIDE DIRECTOR 1.00 X 0 0 0 MARK KOTT VICE CHAIR 1.00 X X 0 0 0 KEVIN EFF DIRECTOR 1.00 X 0 0 0 PATRICIA PETERSON SECRETARY 1.00 X X 0 0 0 D SCOTT CHILDERS DIRECTOR 1.00 X 0 0 0 BARRY SHANER CEO 45.00 X 312875 0 5411 FREDERIC COMES CFO 45.00 X 139633 0 2579 JULIE LINCH SVP OF MEMBER SERVICE 45.00 X 158316 0 3341 TIM CROSBY SVP 45.00 X 100282 0 1501 RALPH KUBACKI SVP CORPORATED SERVICES 45.00 X 158482 0 2374 KATHY MARTIN SVP ORG DEVELOPMENT 45.00 X 151769 0 2771 JENNIFER HERNES MORTGAGE ORIGINATOR 40.00 X 227716 0 0 KIMBERLY REGAN MORTGAGE ORIGINATOR 40.00 X 192100 0 2799 1441173 0 20776 8 0 1 0 IDSCOM 747 E WHITCOMB AVE MADISON HEIGHTS MI 48071 MEMBER STATEMENTS 302154 SSOEQ 1100 MADISON AVE TOLEDO OH 43604 HEADQUARTER DESIGN 278086 DIEBOLD PO BOX 643543 PITTSBURGH PA 15264 SECURITY 253435 LATHROP 28 N ST CLAIR TOLEDO OH 43604 HEADQUARTER CONSTRUCTION 223774 BUILDING BLOCK TECHNOLOGIES PO BOX 31355 INDEPENDENCE OH 44131 IT 198028 5 INTEREST ON LOANS 522100 22731487 22731487 FEE INCOME 522100 8558179 8459726 98453 OTHER OPERATING INCOME 522100 1700238 1384199 316039 32989904 739162 739162 3000000 3003286 -3286 -3286 -3286 FHLMC MORTGAGES 522292 1152650 1152650 1152650 34878430 33728062 414492 735876 460497 10132761 118813 1602862 868231 22531 81254 401570 1065734 8695519 1971785 72570 242534 2694211 1121750 128328 PROVISION FOR LOAN LOSS 3403100 MISCELLANEOUS OPERATING 471947 33555997 8630683 8385194 28826860 39473563 558626691 608645290 30636709 17001025 13968631 13635684 43057683 25313261 17637954 17810833 670748502 713263825 8172420 7644836 4000000 3000000 603248238 645863386 615420658 656508222 X 0 0 0 0 55327844 56755603 55327844 56755603 670748502 713263825 X 1322433 -46367 151693 X X 0 1 X 1 0 3523487 3523487 11749442 6634753 5114689 5011649 2114949 2896700 10352131 8251323 2100808 13635684 MEMBERS' SHARES & DEPOSITS 645863386 645863386 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 296041 0 16600 0 234 0 4441 0 970 0 318286 0 0 0 JULIE LINCH SVP OF MEMBER SERVICE 149174 0 8908 0 234 0 2371 0 970 0 161657 0 0 0 RALPH KUBACKI SVP CORPORATED SERVICES 149279 0 8969 0 234 0 2374 0 0 0 160856 0 0 0 KATHY MARTIN SVP ORG DEVELOPMENT 143007 0 8528 0 234 0 2273 0 498 0 154540 0 0 0 JENNIFER HERNES MORTGAGE ORIGINATOR 226614 0 868 0 234 0 0 0 0 0 227716 0 0 0 KIMBERLY REGAN MORTGAGE ORIGINATOR 191041 0 869 0 190 0 1854 0 945 0 194899 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 151,693. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT PROCESS AND SELECTION OF AN INDEPENDENT ACCOUNTANT TFS MARKETING 5121 WHITEFORD ROAD SYLVANIA OH 43560 030520723 FINANCIAL SERVICES OH 0 267634 DIRECTIONS CREDIT UNION