# DIRECTIONS
Toledo, OH · NCUA charter 60978 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/directions-60978

Who the members are: state charter, organized 1953, low-income designated. 97,389 members of 2,146,809 potential (4.5% of the field); checking penetration 54% (share draft accounts per 100 members); loans per 100 members 48.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.39B |
| Members | 97,389 (3.5% YoY) |
| Full-time staff | 278 |
| Net worth | $126.3M |
| Net worth ratio | 9.1% (p16 of band) |
| ROA (annualized) | 0.53% (p33 of band) |
| Total delinquency | 0.36% (p22 of band) |
| Net charge-offs (annualized) | 0.22% (p16 of band) |
| Loans / shares | 93% (p71 of band) |
| Cash / assets | 13.3% |
| Borrowings / assets | 1.94% |
| Net interest margin | 3.58% (p68 of band) |
| Operating expense / assets | 3.79% (p79 of band) |
| Vehicles % of loans | 38% (p75 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 75% |
| Third-party paper % of net worth | 293% (p84 of band) |
| Vehicle delinquency | 0.45% (p33 of band) |
| Vehicle NCO | 0.42% (p13 of band) |
| Repossessed % of vehicle book | 0.07% (p48 of band) |
| Real estate % of loans | 49% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 30% |
| Core shares % of member funds | 46% |
| Certificates % of member funds | 17% |
| Average share balance | $6,542 |
| Participations bought / yr | $658,200 |
| Participations sold / yr | $0 |
| Participations outstanding | $24.7M |
| Loans outstanding per 100 members | 48% |
| Loans granted per 100 members, annualized | 108% |
| Average loan balance | $23,883 |
| Loans granted, annualized | $283.2M |

## Participation posture (from the same filings)

Bought $658,200 and sold $0 in the latest annualized quarter; $24.7M outstanding purchased (19.5% of net worth), $0 sold and retained. Sold in 1 and bought in 8 of the last 8 quarters. Shares 3.9% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 3 | loans>95% of shares |  |
| 2017-12 | 2 |  | loans>95% of shares |
| 2018-03 | 2 |  |  |
| 2018-06 | 1 |  | thin capital |
| 2018-09 | 2 | delinquency rising |  |
| 2018-12 | 2 | loans>95% of shares | delinquency rising |
| 2019-03 | 2 | net worth falling | loans>95% of shares |
| 2019-06 | 1 |  | net worth falling |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 5 | thin capital, net worth falling, delinquency 2x band, delinquency rising |  |
| 2020-09 | 2 |  | net worth falling, delinquency 2x band, delinquency rising |
| 2020-12 | 2 |  |  |
| 2021-03 | 4 | net worth falling, margin squeeze |  |
| 2021-06 | 2 |  | net worth falling, margin squeeze |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 3 | members leaving |  |
| 2022-06 | 3 |  |  |
| 2022-09 | 4 | delinquency rising |  |
| 2022-12 | 2 |  | thin capital, delinquency rising |
| 2023-03 | 2 | thin capital | members leaving |
| 2023-06 | 2 | delinquency rising | thin capital |
| 2023-09 | 2 | loans>95% of shares | delinquency rising |
| 2023-12 | 3 | delinquency rising |  |
| 2024-03 | 2 |  | loans>95% of shares |
| 2024-06 | 2 |  |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 2 | net worth falling | delinquency rising |
| 2025-06 | 2 | delinquency rising | net worth falling |
| 2025-09 | 2 | loans>95% of shares | delinquency rising |
| 2025-12 | 1 |  | loans>95% of shares |
| 2026-03 | 2 | net worth falling |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-12-09 [Toledo Northwestern Ohio Food Bank receives donation from Directions Credit Union - WTOL](https://news.google.com/rss/articles/CBMi8gFBVV95cUxOc3NDeDZ0UklmeUJnZWxxZ2lZUDFfUmdpZWdreFgwbUoxZHlFVUtBQlg1LWVDczhwQ0RhR0R3enhlMDRwMTBiTHpSTUdodXRkSjBmTWp4ZGRGd3Z2WEprdDVXc2ZWT3NRQnk3Y0o0Vzc4RENVQ2dtWk1Ob2VyY0M3cEJfS190MS04UVFaXy1SakgxTmVvYXgwaDJqTnJBTzhZX1lyRUlkZ25MbUlKZng4SThoUEpEbk1UV0JyT2JlV0JpREprU1QteVlJelZQU2otMXJ2a1Z5YWdZeTdsYVZGWFFkZURwa2NNaENFTnUzNG9uQQ?oc=5) · WTOL
- 2026-06-05 [Florida man charged with identity fraud for using victim’s ATM card to steal $1,000+ - 13abc.com](https://news.google.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?oc=5) · 13abc.com
- 2026-04-16 [Toledo police looking for suspect who allegedly used fake ID to steal from local bank; also wanted in Oklahoma - WTOL](https://news.google.com/rss/articles/CBMimgJBVV95cUxQZ2RUSmQzUHAwRDVVTlZTNEhJTjdzNEV4dmZDTl9tXzJHd05faEtVZUFQQjVSOGV2aUhna0poLXp5TGIxWkRzMjhEYTcydTk0VzRPNW50YTFVV25TWlgwRFRGWFdNMFVCNXQxckY1TkJfWmVFNVU3d3pMbndpcEZBX1FTNUNfLS1FckpxYW94dUtYajQ3LUpJSG9sMWxqRENUSm9PN1kzT0VJTDZSZmo4bm1jbU50WXkwenJvMEV1eHBaWmN1Y050SFRQbzRvd3NzTnU3YTB2N1NQT2hUZThXRi1ITmxBdm5VbU1Wd1REN0M2RUphNWlVeElYQ1R4NkYyOG9ObHRHeF96N2FFNW02UThEd2VFWjg3LXc?oc=5) · WTOL
- 2025-04-09 [Let’s Talk Money with Directions Credit Union on 04/29/2025 - Richland Source](https://news.google.com/rss/articles/CBMiowFBVV95cUxOc3pXV195YlRUWHcxb09MSFMyTDg0S2dvNVlzblBwcDJxRkJnWlVKSGVuZVNmYmY0WGVTeXRUclQtOHBlUVZSV3NJNFhXZnk3X051MVR3Q1lLUXczYUVQaTRvY1h2djNHYXlyX1FfSmM3eThFUmtmZklsdXdKUGVfM0VERklQZWVBbF84R0x5aGlwLVpmcmJNVDBBeG8yYk54dTNZ?oc=5) · Richland Source
- 2025-04-08 [America’s Best Regional Banks and Credit Unions 2025 - Newsweek Rankings](https://news.google.com/rss/articles/CBMiigFBVV95cUxOamFCQ2FkT1VtcFJlS2pTd3p6dGhjWlhZSXlPRjYzWFNPR0hHMWt3QnVIWlVRSlJreXI4V09zN2VvMkZRcEZYNk5Wei1mZXFoREVnY2RPMFVXSjJFYTl5VzJ4UmIwVTVvNFNPT2EwdWlKSUhwSWkzdkZmMng1emFPNHdzSFMyenBka2c?oc=5) · Newsweek Rankings
- 2021-03-18 [Directions Credit Union apologizes after glitch exposes member information - 13abc.com](https://news.google.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?oc=5) · 13abc.com
- 2025-08-19 [Patrick J. Mcgrady Obituary Aug 19, 2025 - walkerfuneralhomes.com](https://news.google.com/rss/articles/CBMibkFVX3lxTFBuNHdmcmx0V25QU2NXOW15MVJfeHZJajlJRFhKdnFXY1diUzEtTWEyYlZxSlpkZ0tSY1liWEdxYko1VGN6cTd6ZG9iVkNpTkZEaVBSVTRVajA1c2ZSQ3U0Z3U4RnJRSGh2VzlKVXhR?oc=5) · walkerfuneralhomes.com
- 2026-05-28 [Staci L. Roub Obituary Jul 22, 2008 - barkdullfuneralhome.com](https://news.google.com/rss/articles/CBMiaEFVX3lxTFBTTFYxV3FsU2toLVVhVFZsdjRJSXdLeExhY2FaWU5QN0pWWW85SG0wbFRtcmpLUHlZZG80bzZFWGlnanlrWUxuUUpWSHRCNE50bk1qQkpob3loMTh2bk1xZFo4aEEzZGRY?oc=5) · barkdullfuneralhome.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60978 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/50.json (key "60978", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=60978
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide