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Overview / Commentary
5121 Whiteford Rd
Sylvania, OH 43560

Directions Credit Union is headquartered in Sylvania and is the 6th largest credit union in the state of Ohio. It is also the 382nd largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 213 employees and 69,711 members. Directions Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship, attend school or volunteer in Crawford, Wood, Fulton, Lucas, Ashland, Huron, Knox, Richland, Wayne & Tuscarawas County , including lower Michigan; Monroe county. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Directions Credit Union had $3.92 million in non-current loans and owned real-estate with $53.1 million in equity and loan loss allowances on hand to cover it. This gives Directions Credit Union a Texas Ratio of 7.37% 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 experienced no significant changes from 7.62% as of March 31, 2013 to 7.37% as of March 31, 2014, resulting in a positive change of 3.25%.This indicates that the balance sheet and financial strength for Directions Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Directions Credit Union has increased its total deposits by $12.84 million, resulting in 2.45% 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 $598.69 million in assets with $53.1 million in equity, resulting in a capitalization level of 8.87%, which is average.

Institution Statistics

NCUA #60978
Year Chartered1953
Primary Regulator
Assets and Liabilities
Assets$598.69 million
Loans$404.41 million
Deposits$537.36 million
Equity Capital$50.96 million
Loan Loss Allowance$2.14 million
Unbacked Noncurrent Loans$3.66 million
Real Estate Owned$253,000
Historic Data - March 2013
Assets$589.38 million
Equity Capital$49.39 million
Loan Loss Allowance$3.47 million
Unbacked Noncurrent Loans$3.66 million
Real Estate Owned$633,000
Profit Margin - Quarterly
Return on Assets0.37%
Return on Equity4.4%
Interest Income$4.84 million

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Directions Credit Union Savings Account Rates

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

Directions Credit Union Money Market Rates

0.20%$50k-Money Management Account
0.20%$50k-Business Money Management Account

Directions Credit Union Checking Account Rates

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

Directions Credit Union CD Rates

2.00%$500-60 Month Share Certificate
2.00%$500-Business 60 Month Share Certificate
1.30%$500-48 Month Share Certificate
1.30%$500-Business 48 Month Share Certificate
0.90%$500-36 Month Share Certificate
0.90%$500-Business 36 Month Share Certificate
0.85%$100-24 Month MyLife Youth Share Certificate
0.68%$100-12 Month MyLife Youth Share Certificate
0.45%$500-30 Month Share Certificate
0.45%$500-Business 30 Month Share Certificate
0.35%$500-24 Month Share Certificate
0.35%$500-Business 24 Month Share Certificate
0.20%$500-18 Month Share Certificate
0.20%$500-Business 18 Month Share Certificate
0.18%$500-12 Month Share Certificate
0.18%$500-Business 12 Month Share Certificate
0.10%$500-6 Month Share Certificate
0.10%$500-Business 6 Month Share Certificate
0.05%$500-3 Month Share Certificate
0.05%$500-Business 3 Month Share Certificate

Directions Credit Union IRA Rates

2.00%$500-60 Month IRA Certificate
1.30%$500-48 Month IRA Certificate
0.90%$500-36 Month IRA Certificate
0.45%$500-30 Month IRA Certificate
0.35%$500-24 Month IRA Certificate
0.20%$500-18 Month IRA Certificate
0.18%$500-12 Month IRA Certificate

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