569 Directions Credit Union Inc
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
569 Directions Credit Union Inc is a 501(c)(14) organization based in Toledo, Ohio, registered in 1969, with $73,772,147 in FY2024 revenue. CharityIndex grades it A.
200 North St Clair Street, Toledo, OH, 43604 EIN 34-4475249 Since 1969
Revenue (FY2024)
$73.8M
▲ 17.3% vs prior year
Expenses (FY2024)
$65.9M
Net assets
$120.2M
Employees
358
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for 569 Directions Credit Union Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating22 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For 569 Directions Credit Union Inc: 22 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For 569 Directions Credit Union Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For 569 Directions Credit Union Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To be a trusted partner in helping members achieve their financial goals.
What they do
Provide 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.
Contact & location
Financial trends
Revenue grew from $28.5M (FY2013) to $73.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.2BNet assets $120.2M
Operating margin
10.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.3B
Total liabilities
$1.2B
Net assets
$120.2M
Salaries & benefits
$22.9M
35% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $73,772,147▲17.3% | $65,930,945▲21.3% | $120,156,050▲9.1% | $1,303,538,165▲8.4% | 990 |
| 2023 | $62,910,262▲22.6% | $54,340,464▲18.0% | $110,093,626▲12.7% | $1,202,737,664▲1.8% | 990 |
| 2022 | $51,322,448▲11.2% | $46,061,548▲16.9% | $97,686,778▼1.4% | $1,181,695,704▲1.4% | 990 |
| 2021 | $46,146,625▼7.7% | $39,418,571▼12.9% | $99,067,674▲5.5% | $1,165,662,447▲9.1% | 990 |
| 2020 | $49,999,000▲6.6% | $45,252,597▲8.7% | $93,920,612▲5.5% | $1,068,730,382▲20.1% | 990 |
| 2019 | $46,910,954▲10.4% | $41,611,977▲8.2% | $89,021,132▲6.6% | $889,625,645▲4.1% | 990 |
| 2018 | $42,493,773▲21.8% | $38,453,956▲14.6% | $83,495,169▲47.1% | $854,425,313▲19.8% | 990 |
| 2017 | $34,878,430▲3.6% | $33,555,997▲2.8% | $56,755,603▲2.6% | $713,263,825▲6.3% | 990 |
| 2016 | $33,664,994▲7.5% | $32,635,676▲7.2% | $55,327,844▲1.8% | $670,748,502▲6.8% | 990 |
| 2015 | $31,304,892▲6.2% | $30,450,031▲15.5% | $54,323,934▲1.4% | $628,239,411▲6.0% | 990 |
| 2014 | $29,485,939▲3.6% | $26,365,209▼1.2% | $53,554,465▲6.1% | $592,793,867▲4.9% | 990 |
| 2013 | $28,464,208 | $26,685,235▼5.2% | $50,484,527▲2.8% | $565,032,690▲0.6% | 990 |
| 2012 | — | $28,143,690▼0.7% | $49,087,519▲5.7% | $561,863,985▲3.2% | 990 |
| 2011 | — | $28,348,630▼4.8% | $46,446,154▲5.2% | $544,571,935▲3.7% | 990 |
| 2010 | — | $29,785,453 | $44,167,574 | $524,962,687 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Barry Shaner — $522,897 (0.79% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Barry Shaner | Ceo | 45 | $522,897 |
| Jennifer Hernes | Sr Mortgage Loan Originator | 40 | $339,388 |
| John Ustaszewski | Chief Operating Officer | 45 | $321,619 |
| Sonja Delaney | Chief Strategy Officer | 45 | $292,997 |
| Julie Linch | Svp Retail Ops & Phys Pres | 45 | $246,226 |
| Matt Gies | Chief Talent Officer | 45 | $241,220 |
| Jonathan Pollock | Chief Risk Officer | 45 | $239,134 |
| Brian Epstein | Chief Experience Officer | 45 | $215,966 |
| Scott Swan | Svp - Lending | 45 | $187,466 |
| Angi Szuma | Svp Member Experience | 40 | $171,425 |
| Brenda Covrett | Vp of Branding & Comm Enga | 40 | $146,643 |
| Diane Harris | Vp Member Experience | 40 | $145,926 |
| Patrick Harrigan | Vp Itm Ops & Facilities | 40 | $138,628 |
| Aaron Wiens | Associate Board Member | 1 | — |
| Frederick A Kominek | Board Treasurer | 1 | — |
| Jay Malcolm | Board Chair | 3 | — |
| Jeff Underwood | Board Member | 1 | — |
| Joe Sharp | Board Member | 1 | — |
| Laura Csomos | Associate Board Member | 1 | — |
| Mark Kott | Board Vice Chair | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Area Financial Services | Computer Mainframe Cuso | $4,900,769 |
| Bankowski Builders | Construction | $3,489,892 |
| Black Oak Building Company | Construction | $3,347,949 |
| Cdw Direct | Construction | $3,157,610 |
| Cu Student Choice | Construction | $2,179,325 |
Frequently asked questions
- Is 569 Directions Credit Union Inc a legitimate nonprofit?
- Yes. 569 Directions Credit Union Inc is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 34-4475249, based in Toledo, Ohio.
- What is 569 Directions Credit Union Inc's EIN?
- 569 Directions Credit Union Inc's Employer Identification Number (EIN) is 34-4475249.
- How much revenue does 569 Directions Credit Union Inc report?
- 569 Directions Credit Union Inc reported $73,772,147 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does 569 Directions Credit Union Inc have?
- CharityIndex grades 569 Directions Credit Union Inc A, based on financial health (reserves and operating margin).
- How much does 569 Directions Credit Union Inc's highest-paid employee make?
- The highest reported compensation on 569 Directions Credit Union Inc's latest Form 990 is $522,897, paid to Barry Shaner (Ceo).
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Data for 569 Directions Credit Union Inc (EIN 34-4475249) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.