Jun, 30, 2024 — SPIRIT OF ALASKA FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRBANKS, AK with 3 branch locations and about $211.52 million in total assets. Opened 64 years ago in 1960, SPIRIT OF ALASKA FEDERAL CREDIT UNION has about 9,153 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 |
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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: | 9,153 |
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, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $211,517,830 |
CEO/Manager: | Anthony L Rizk |
Chairperson: | Charlie Sparks |
ASSETS: | $ Amount |
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Cash & Equivalents | 29,978,034 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 199,696 |
Real Estate Loans | 57,976,831 |
Unsecured Loans | 1,447,733 |
Other Loans | 55,131,518 |
TOTAL LOANS | 114,556,082 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -378,652 |
Land And Building | 6,492,669 |
Other Fixed Assets | 311,863 |
NCUSIF Deposit | 1,678,950 |
All Other Assets | 35,000 |
TOTAL ASSETS | 211,517,830 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5,747 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,111,959 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 62,106,060 |
Regular shares | 82,858,459 |
All Other Shares & Deposits | 43,595,732 |
TOTAL SHARES & DEPOSITS | 188,560,251 |
TOTAL LIABILITIES | 189,677,957 |
Regular Reserve | 0 |
Other Reserves | -1,393,339 |
Undivided Earnings | 23,233,212 |
TOTAL EQUITY | 21,839,873 |
TOTAL LIABILITIES, SHARES, & EQUITY | 211,517,830 |
INCOME & EXPENSE | |
Loan Income | 4,140,926 |
Investment Income | 592,749 |
Other Income | 1,395,477 |
Total Employee Compensation & Benefits | 2,749,278 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,139,258 |
Non-operating Income & (Expense) | -24,770 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 229,910 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,001,725 |
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