Dec, 31, 2023 — SPIRIT OF AMERICA FEDERAL CREDIT UNION is a federal credit union headquartered in LINCOLN, NE with 1 branch location and about $55.84 million in total assets. Opened 81 years ago in 1943, SPIRIT OF AMERICA FEDERAL CREDIT UNION has about 3,756 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SPIRIT OF AMERICA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 325 N 52nd St LINCOLN, NE 68504-3507 |
| Phone: | (402) 467-1102 |
| Fax: | (402) 467-3293 |
| Website: | https://www.spiritofamericafcu.org |
| Branches: | 1 branch locations |
| Members: | 3,756 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24724 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1943 |
| Last Audited: | Feb 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $55,844,135 |
| CEO/Manager: | Rhonda M Litt |
| Chairperson: | Randall L Hansen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,246,582 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,360,607 |
| Unsecured Loans | 702,494 |
| Other Loans | 10,637,274 |
| TOTAL LOANS | 19,700,375 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -84,912 |
| Land And Building | 451,775 |
| Other Fixed Assets | 83,113 |
| NCUSIF Deposit | 517,942 |
| All Other Assets | 0 |
| TOTAL ASSETS | 55,844,135 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 902,772 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,170,124 |
| Regular shares | 34,566,785 |
| All Other Shares & Deposits | 2,370,204 |
| TOTAL SHARES & DEPOSITS | 50,107,113 |
| TOTAL LIABILITIES | 51,009,885 |
| Regular Reserve | 0 |
| Other Reserves | 1,980,420 |
| Undivided Earnings | 2,853,830 |
| TOTAL EQUITY | 4,834,250 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 55,844,135 |
| INCOME & EXPENSE | |
| Loan Income | 760,379 |
| Investment Income | 811,450 |
| Other Income | 222,963 |
| Total Employee Compensation & Benefits | 730,791 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 635,939 |
| Non-operating Income & (Expense) | 4,294 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 20,064 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 440,125 |
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