Mar, 31, 2021 — SPIRIT OF ALASKA FEDERAL CREDIT UNION is a federal credit union headquartered in Fairbanks, AK with 3 branch locations and about $189.46 million in total assets. Opened 61 years ago in 1960, SPIRIT OF ALASKA FEDERAL CREDIT UNION has about 9,081 members and employs 48 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: | http://www.spiritofak.com |
| Branches: | 3 branch locations |
| Members: | 9,081 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $189,462,869 |
| CEO/Manager: | Anthony L Rizk |
| Chairperson: | Charlie Sparks |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,265,112 |
| TOTAL INVESTMENTS | 46,104,002 |
| Loans Held for Sale | 426,500 |
| Real Estate Loans | 49,346,197 |
| Unsecured Loans | 2,707,131 |
| Other Loans | 47,876,848 |
| TOTAL LOANS | 99,930,176 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -463,686 |
| Land And Building | 6,667,409 |
| Other Fixed Assets | 304,816 |
| NCUSIF Deposit | 1,456,564 |
| All Other Assets | 7,771,976 |
| TOTAL ASSETS | 189,462,869 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,513 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 845,762 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 53,439,299 |
| Regular shares | 70,087,328 |
| All Other Shares & Deposits | 43,387,871 |
| TOTAL SHARES & DEPOSITS | 166,914,498 |
| TOTAL LIABILITIES | 167,769,773 |
| Regular Reserve | 1,538,343 |
| Other Reserves | 57,947 |
| Undivided Earnings | 20,096,806 |
| TOTAL EQUITY | 21,693,096 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 189,462,869 |
| INCOME & EXPENSE | |
| Loan Income | 1,339,545 |
| Investment Income | 117,304 |
| Other Income | 522,526 |
| Total Employee Compensation & Benefits | 816,777 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 674,315 |
| Non-operating Income & (Expense) | -36,082 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 106,811 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 347,005 |
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