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.
Name: | SPIRIT OF ALASKA FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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