Dec, 31, 2021 — SPIRIT OF ALASKA FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRBANKS, AK with 3 branch locations and about $198.38 million in total assets. Opened 62 years ago in 1960, SPIRIT OF ALASKA FEDERAL CREDIT UNION has about 8,930 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: | http://www.spiritofak.com |
Branches: | 3 branch locations |
Members: | 8,930 |
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, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $198,376,596 |
CEO/Manager: | Anthony L Rizk |
Chairperson: | Charlie Sparks |
ASSETS: | $ Amount |
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Cash & Equivalents | 31,302,343 |
TOTAL INVESTMENTS | 46,658,083 |
Loans Held for Sale | 0 |
Real Estate Loans | 49,726,874 |
Unsecured Loans | 1,740,049 |
Other Loans | 51,736,401 |
TOTAL LOANS | 103,203,324 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -406,241 |
Land And Building | 6,581,312 |
Other Fixed Assets | 371,833 |
NCUSIF Deposit | 1,628,737 |
All Other Assets | 9,037,205 |
TOTAL ASSETS | 198,376,596 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4,441 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,225,793 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 57,648,312 |
Regular shares | 73,271,547 |
All Other Shares & Deposits | 43,997,969 |
TOTAL SHARES & DEPOSITS | 174,917,828 |
TOTAL LIABILITIES | 176,148,062 |
Regular Reserve | 1,538,343 |
Other Reserves | -2,953 |
Undivided Earnings | 20,693,144 |
TOTAL EQUITY | 22,228,534 |
TOTAL LIABILITIES, SHARES, & EQUITY | 198,376,596 |
INCOME & EXPENSE | |
Loan Income | 5,346,930 |
Investment Income | 478,350 |
Other Income | 1,837,309 |
Total Employee Compensation & Benefits | 3,539,825 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,683,727 |
Non-operating Income & (Expense) | -131,598 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 376,644 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 943,342 |
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