Sep, 30, 2025 — SPIRIT OF ALASKA FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRBANKS, AK with 3 branch locations and about $193.26 million in total assets. Opened 66 years ago in 1960, SPIRIT OF ALASKA FEDERAL CREDIT UNION has about 9,359 members and employs 45 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 |
|---|---|
| Address: (Main Office) | 1417 Gillam Way FAIRBANKS, AK 99701 |
| Phone: | (907) 459-5900 |
| Fax: | |
| Website: | https://www.spiritofak.com |
| Branches: | 3 branch locations |
| Members: | 9,359 |
| 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, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $193,259,867 |
| CEO/Manager: | Anthony L Rizk |
| Chairperson: | Charlie Sparks |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 32,864,440 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 60,992,214 |
| Unsecured Loans | 1,678,751 |
| Other Loans | 44,137,943 |
| TOTAL LOANS | 106,808,908 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -506,345 |
| Land And Building | 7,149,750 |
| Other Fixed Assets | 1,612,636 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,557,658 |
| All Other Assets | 40,000 |
| TOTAL ASSETS | 193,259,867 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 20,796 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,325,436 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 56,422,520 |
| Regular shares | 65,417,641 |
| All Other Shares & Deposits | 41,946,617 |
| TOTAL SHARES & DEPOSITS | 163,786,778 |
| TOTAL LIABILITIES | 165,133,010 |
| Regular Reserve | 0 |
| Other Reserves | -546,565 |
| Undivided Earnings | 28,673,422 |
| TOTAL EQUITY | 28,126,857 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 193,259,867 |
| INCOME & EXPENSE | |
| Loan Income | 5,072,686 |
| Investment Income | 1,948,562 |
| Other Income | 1,160,328 |
| Total Employee Compensation & Benefits | 3,407,330 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,621,070 |
| Non-operating Income & (Expense) | -80,139 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 95,351 |
| Cost of Funds | 657,887 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,428,191 |
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