2015-08-17T15:24:59-05:00 2014-12-31 202122306 GBQ PARTNERS LLC 230 WEST STREET SUITE 700 COLUMBUS OH 432152663 990 2014-01-01 344475249 DIRECTIONS CREDIT UNION INC DIRE 4198419838 5121 WHITEFORD ROAD SYLVANIA OH 435602987 FRITZ COMES CFO 4198419838 2015-08-10 1 MELISSA RAGER P01380769 6142211120 2014 2016-02-25 16:41:14Z FRITZ COMES 5121 WHITEFORD ROAD SYLVANIA OH 43560 48996163 0 X WWW.DIRECTIONSCU.ORG X 1953 OH TO BE A TRUSTED PARTNER IN HELPING MEMBERS ACHIEVE THEIR FINANCIAL GOALS. 11 11 301 11 377005 -817527 0 0 26734134 27556687 1152906 1100752 577168 828500 28464208 29485939 0 0 0 0 10720666 11550322 0 0 0 15964569 14814887 26685235 26365209 1778973 3120730 565032690 592793867 514548163 539239402 50484527 53554465 TO BE A TRUSTED PARTNER IN HELPING MEMBERS ACHIEVE THEIR FINANCIAL GOALS. 0 0 PROVIDE 71,278 MEMBERS WITH SHARE DRAFTS, REGULAR SHARES, IRA, MONEY MARKET, CERTIFICATES AND OTHER SAVINGS ACCOUNTS TOTALING 134,558. PROVIDE 38,192 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 7188 0 1 301 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 CHAIR 3.00 0.00 X X 0 0 0 BARRETT THOMAS VICE-CHAIR 2.00 0.00 X X 0 0 0 JOHN STRATTON SECRETARY 1.00 0.00 X X 0 0 0 KEVIN EFF TREASURER 1.00 0.00 X X 0 0 0 SUSAN PODRACKY DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM OZUK DIRECTOR 1.00 0.00 X 0 0 0 PATRICE SCOTT DIRECTOR 1.00 0.00 X 0 0 0 JOE SHARP DIRECTOR 1.00 0.00 X 0 0 0 DAVID DONEY DIRECTOR 1.00 0.00 X 0 0 0 JOYCE SLUSHER DIRECTOR 1.00 0.00 X 0 0 0 JEFF O'BRIEN DIRECTOR 1.00 0.00 X 0 0 0 BARRY SHANER CEO 45.00 0.00 X 288258 0 5228 FREDERIC COMES CFO 45.00 0.00 X 130251 0 2870 JULIE LINCH SVP OF MEMBER SERVICE 45.00 0.00 X 142967 0 3870 RONALD PATTON SVP OF LENDING 45.00 0.00 X 142752 0 3427 RALPH KUBACKI SVP CORPORATED SERVICES 45.00 0.00 X 180857 0 3313 KATHY MARTIN SVP ORG DEVELOPMENT 45.00 0.00 X 132832 0 1906 1017917 0 20614 6 0 1 0 SIMONSON CONSTRUCTION 2112 TROY RD ASHLAND OH 44805 CONSTRUCTION 668638 DIEBOLD PO BOX 643543 PITTSBURGH PA 152643543 BRANCH SECURITY 293592 MITEL PO BOX 53230 PHOENIX AZ 850723230 PHONES 215933 OAKSTONE LANDSCAPE LLC PO BOX 348 CRESTLINE OH 44827 GROUND WORK 202243 LASERTEC 33472 STERLING PONDS BLVD STERLING HEIGHTS MI 48312 STATEMENT PROCESSING 151041 5 INTEREST ON LOANS 522100 18956850 18956850 FEE INCOME 522100 7285092 7199150 85942 OTHER OPERATING INCOME 522100 1314745 1023682 291063 27556687 1074223 1074223 18748000 788753 18661774 848450 86226 -59697 26529 26529 FHLMC MORTGAGES 522292 828500 828500 828500 29485939 28008182 377005 1100752 426610 8998664 101768 1327372 695908 18393 73783 51655 963708 6849104 1677633 57600 165126 2147545 975266 159476 PROVISION FOR LOAN LOSS 1135000 MISCELLANEOUS OPERATING 540598 26365209 6282058 9927173 28600794 17437838 403943580 431758430 27409831 14030361 12823710 13379470 100064906 100468065 13317642 19822891 565032690 592793867 4840056 6077852 5000000 5000000 504708107 528161550 514548163 539239402 X 0 0 0 0 50484527 53554465 50484527 53554465 565032690 592793867 3120730 -50792 0 X X 0 1 X 1 0 3523487 3523487 11772735 5694843 6077892 3714238 1041175 2673063 8399371 7294343 1105028 13379470 AFS INVESTMENTS 70537833 F HTM INVESTMENTS 18048794 C CERTIFICATES 6599000 C INVESTMENT IN CUSO'S 80092 C FEDERAL HOME LOAN BANK 1797900 C INVESTMENT IN OTHER CREDIT UNIONS 3404446 C 100468065 MEMBERS' SHARES & DEPOSITS 528161550 528161550 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 2011 ARE CLOSED. MANAGEMENT DETERMINED THERE WERE NO MATERIAL UNCERTAIN POSITIONS TAKEN BY THE CREDIT UNION IN ITS TAX RETURNS. X X 0 0 0 BARRY SHANER CEO 267074 0 20950 0 234 0 3228 0 2000 0 293486 0 0 0 RALPH KUBACKI SVP CORPORATED SERVICES 176225 0 3652 0 980 0 2563 0 750 0 184170 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 11 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 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 250000 DIRECTIONS CREDIT UNION