Dec, 31, 2023 — AMERICAN SPIRIT FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, DE with 3 branch locations and about $76.77 million in total assets. Opened 61 years ago in 1963, AMERICAN SPIRIT FEDERAL CREDIT UNION has about 12,098 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AMERICAN SPIRIT FEDERAL CREDIT UNION |
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Address: (Main Office) | 1110 Elkton Rd NEWARK, DE 19711 |
Phone: | (302) 738-4515 |
Fax: | (302) 738-4562 |
Website: | https://www.americanspirit.org |
Branches: | 3 branch locations |
Members: | 12,098 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15426 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $76,766,993 |
CEO/Manager: | Maurice Dawkins |
Chairperson: | Melvin Phillips |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,432,021 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 18,986,156 |
Unsecured Loans | 4,246,207 |
Other Loans | 9,065,556 |
TOTAL LOANS | 32,297,919 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -758,710 |
Land And Building | 1,669,615 |
Other Fixed Assets | 9,538 |
NCUSIF Deposit | 634,925 |
All Other Assets | 0 |
TOTAL ASSETS | 76,766,993 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 8,000,000 |
Accounts Payable & Other Liabilities | 559,640 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,111,425 |
Regular shares | 30,276,838 |
All Other Shares & Deposits | 17,961,907 |
TOTAL SHARES & DEPOSITS | 62,350,170 |
TOTAL LIABILITIES | 70,909,810 |
Regular Reserve | 0 |
Other Reserves | -5,724,720 |
Undivided Earnings | 11,581,903 |
TOTAL EQUITY | 5,857,183 |
TOTAL LIABILITIES, SHARES, & EQUITY | 76,766,993 |
INCOME & EXPENSE | |
Loan Income | 2,113,871 |
Investment Income | 894,352 |
Other Income | 454,089 |
Total Employee Compensation & Benefits | 680,584 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,814,158 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 578,839 |
Cost of Funds | 711,687 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 36,249 |
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