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P.O. Box 23330
Toledo, OH 43623

Directions Credit Union is headquartered in Toledo and is the 5th largest credit union in the state of Ohio. It is also the 388th largest credit union in the nation. It was established in 1953 and as of December of 2013, it had grown to 206 employees and 69,072 members. Directions Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship, attend school or volunteer in Wood, Fulton, Lucas, Ashland, Huron, Knox, Richland, Wayne or Tuscarawas County. - See Details

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Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Directions Credit Union had $4.28 million in non-current loans and owned real-estate with $52.99 million in equity and loan loss allowances on hand to cover it. This gives Directions Credit Union a Texas Ratio of 8.08% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Directions Credit Union decreased slightly from 9.02% as of December 31, 2012 to 8.08% as of December 31, 2013, resulting in a positive change of 10.47%.This indicates that the balance sheet and financial strength for Directions Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Directions Credit Union has increased its total deposits by $6.27 million, resulting in 1.26% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Directions Credit Union has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Directions Credit Union has $565.03 million in assets with $52.99 million in equity, resulting in a capitalization level of 9.38%, which is average.

Institution Statistics

NCUA #60978
Year Chartered1953
Primary Regulator
Assets and Liabilities
Assets$565.03 million
Loans$406.27 million
Deposits$504.71 million
Equity Capital$50.49 million
Loan Loss Allowance$2.50 million
Unbacked Noncurrent Loans$3.78 million
Real Estate Owned$502,000
Historic Data - December 2012
Assets$561.86 million
Equity Capital$49.09 million
Loan Loss Allowance$3.74 million
Unbacked Noncurrent Loans$3.78 million
Real Estate Owned$252,000
Profit Margin - Quarterly
Net Interest Margin4.12%
Return on Assets0.31%
Return on Equity3.52%
Interest Income$19.63 million

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Directions Credit Union Savings Account Rates

0.20%$25-My Life Youth Goal Savings Account
0.15%--IRA Share Savings Account
0.15%--Roth IRA Share Savings Account
0.10%$25-Holiday Club Account
0.05%$25-Primary Share Savings Account

Directions Credit Union Money Market Rates

0.20%$75k-Money Management Account

Directions Credit Union Checking Account Rates

0.10%$25k-Investment Checking Account
0.05%--eChecking Account
0.05%$2,500-Basic Advantage Checking Account

Directions Credit Union CD Rates

2.00%$500-60 Month Share Certificate
0.85%$100-24 Month MyLife Youth Share Certificate
0.85%$500-48 Month Share Certificate
0.68%$100-12 Month MyLife Youth Share Certificate
0.60%$500-36 Month Share Certificate
0.45%$500-30 Month Share Certificate
0.35%$500-24 Month Share Certificate
0.20%$500-18 Month Share Certificate
0.18%$500-12 Month Share Certificate
0.10%$500-6 Month Share Certificate
0.05%$500-3 Month Share Certificate

Directions Credit Union IRA Rates

2.00%$500-60 Month IRA Certificate (Traditional,Roth)
0.85%$500-48 Month IRA Certificate (Traditional,Roth)
0.60%$500-36 Month IRA Certificate (Traditional,Roth)
0.45%$500-30 Month IRA Certificate (Traditional,Roth)
0.35%$500-24 Month IRA Certificate (Traditional,Roth)
0.20%$500-18 Month IRA Certificate (Traditional,Roth)
0.18%$500-12 Month IRA Certificate (Traditional,Roth)

Directions Credit Union has 18 locations. Click to view all Directions Credit Union locations.