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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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