Directions Credit Union

Po Box 23330
Toledo, OH 43623
1-888-508-2228
www.directionscu.org

OverView
Rates
Health
Reviews
Promotions

Directions Credit Union is headquartered in TOLEDO and is the 5^th largest credit union in the state of Ohio. It is also the 361^st largest credit union in the nation. It was established in 1953 and as of December of 2011, it had grown to 217 employees and 65,883 members. Directions Credit Union has a 4-star health rating.

Directions Credit Union Routing Number: 241282577

4.11% 20-Month CD & 3.75% 14-Month CD at Directions Credit Union in Ohio - 1/28/2009

Directions Credit Union is offering two competitive special certificate rates: 3.75% APY for 14-months and 4.11% APY for 20 months. Minimum deposit is $2,000. These rates are listed in the credit union's rate table as of 1/28/2009. Membership is open to...

Report an Issue

See Rates for: Checking | Savings | Money Market | CD | IRA

Directions Credit Union Checking Account Rates

Apy	Min	Max	Product
0.15%	$50k	-	Investment Checking Account
0.10%	-	-	eChecking Account
0.05%	$2,500	-	Basic Advantage Checking Account

Directions Credit Union Savings Account Rates

Apy	Min	Max	Product
0.25%	$25	-	My Life Youth Goal Savings Account
0.20%	$50k	-	MEGA Saver Account
0.20%	-	-	IRA Share Savings Account
0.20%	-	-	Roth IRA Share Savings Account
0.15%	$25	-	Holiday Club Account
0.10%	$25	-	Primary Share Savings Account

Directions Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.20%	$25k	-	Money Management Account

Directions Credit Union CD Rates

Apy	Min	Max	Product
1.40%	$500	-	60 Month Share Certificate
1.10%	$500	-	48 Month Share Certificate
1.01%	$100	-	24 Month MyLife Youth Share Certificate
0.80%	$500	-	36 Month Share Certificate
0.70%	$100	-	12 Month MyLife Youth Share Certificate
0.65%	$500	-	30 Month Share Certificate
0.50%	$500	-	24 Month Share Certificate
0.30%	$500	-	18 Month Share Certificate
0.20%	$500	-	12 Month Share Certificate
0.15%	$500	-	6 Month Share Certificate
0.10%	$500	-	3 Month Share Certificate

Directions Credit Union IRA Rates

Apy	Min	Max	Product
1.40%	$500	-	60 Month IRA Certificate
1.40%	$500	-	60 Month Roth IRA Certificate
1.10%	$500	-	48 Month IRA Certificate
1.10%	$500	-	48 Month Roth IRA Certificate
0.80%	$500	-	36 Month IRA Certificate
0.80%	$500	-	36 Month Roth IRA Certificate
0.65%	$500	-	30 Month IRA Certificate
0.65%	$500	-	30 Month Roth IRA Certificate
0.50%	$500	-	24 Month IRA Certificate
0.50%	$500	-	24 Month Roth IRA Certificate
0.30%	$500	-	18 Month IRA Certificate
0.30%	$500	-	18 Month Roth IRA Certificate
0.20%	$500	-	12 Month IRA Certificate
0.20%	$500	-	12 Month Roth IRA Certificate

Rates updated: 5/25/2012

Data for Q4 2011

Institution Statistics

DIRECTIONS
NCUA #	60978
BankRate Report	View
Year Chartered	1953
Employees	217
Primary Regulator
Assets and Liabilities
Assets	$544.76 million
Loans	$352.22 million
Deposits	$486.98 million
Equity Capital	$46.45 million
Loan Loss Allowance	$3.11 million
Unbacked Noncurrent Loans	$4.87 million
Real Estate Owned	$546,000
Historic Data - December 2010
Assets	$525.15 million
Equity Capital	$44.17 million
Loan Loss Allowance	$2.93 million
Unbacked Noncurrent Loans	$3.69 million
Real Estate Owned	$130,000
Profit Margin - Quarterly
Net Interest Margin	4.64%
Return on Assets	0.37%
Return on Equity	4.28%
Interest Income	$22.07 million
Non-Interest Income	$8.19 million

Institution Health

Overall Score:

4 out of 5

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, 2011 Directions Credit Union had $5.41 million in non-current loans and owned real-estate with $49.55 million in equity and loan loss allowances on hand to cover it. This gives Directions Credit Union a Texas Ratio of 10.92% which is above average. 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 held steady from 8.12% as of December 31, 2010 to 10.92% as of December 31, 2011, resulting in a negative change of 34.53%. This indicates that the balance sheet and financial strength for Directions Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Directions Credit Union has increased its total deposits by $16.8 million, resulting in 3.57% 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.
Capitalization
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 $544.76 million in assets with $49.55 million in equity, resulting in a capitalization level of 9.10%, which is average.