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SPIRIT OF ALASKA FEDERAL CREDIT UNION

Dec, 31, 2023 — SPIRIT OF ALASKA FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRBANKS, AK with 3 branch locations and about $195.45 million in total assets. Opened 64 years ago in 1960, SPIRIT OF ALASKA FEDERAL CREDIT UNION has about 9,428 members and employs 46 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 325272212
Name:SPIRIT OF ALASKA FEDERAL CREDIT UNION
Address:
(Main Office)
1417 Gillam Way
FAIRBANKS, AK 99701
Phone:(907) 459-5900
Fax:
Website:https://www.spiritofak.com
Branches:3 branch locations
Members:9,428
Credit Union Type:Federal Credit Union
Charter Number:13583
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1960
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$195,448,804
CEO/Manager:Anthony L Rizk
Chairperson:Charlie Sparks

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 20,930,169
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 61,447,294
 Unsecured Loans 1,587,535
 Other Loans 55,701,554
 TOTAL LOANS 118,736,381
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -398,489
 Land And Building 7,441,894
 Other Fixed Assets 583,297
 NCUSIF Deposit 1,641,592
 All Other Assets 55,000
  TOTAL ASSETS 195,448,804
LIABILITIES & CAPITAL:  
 Dividends Payable 29,276
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,671,417
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 57,410,604
 Regular shares 67,189,663
 All Other Shares & Deposits 44,850,744
  TOTAL SHARES & DEPOSITS 169,451,011
  TOTAL LIABILITIES 171,151,704
 Regular Reserve 0
 Other Reserves -1,136,461
 Undivided Earnings 25,433,561
  TOTAL EQUITY 24,297,100
  TOTAL LIABILITIES, SHARES, & EQUITY 195,448,804
INCOME & EXPENSE  
 Loan Income 6,536,532
 Investment Income 1,949,030
 Other Income 1,658,890
 Total Employee Compensation & Benefits 4,151,573
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,432,259
 Non-operating Income & (Expense) -16,847
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 316,862
 Cost of Funds 712,070
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,633,726
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