Sep, 30, 2025 — AMERICAN SPIRIT FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, DE with 3 branch locations and about $70.52 million in total assets. Opened 63 years ago in 1963, AMERICAN SPIRIT FEDERAL CREDIT UNION has about 12,114 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AMERICAN SPIRIT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1110 Elkton Rd NEWARK, DE 19711 |
| Phone: | (302) 738-4515 |
| Fax: | (302) 738-4562 |
| Website: | https://www.americanspirit.org |
| Branches: | 3 branch locations |
| Members: | 12,114 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15426 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $70,515,507 |
| CEO/Manager: | Maurice Dawkins |
| Chairperson: | Melvin Phillips |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,836,160 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,243,414 |
| Unsecured Loans | 4,107,308 |
| Other Loans | 4,992,430 |
| TOTAL LOANS | 24,343,152 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -712,421 |
| Land And Building | 1,540,191 |
| Other Fixed Assets | 4,686 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 582,286 |
| All Other Assets | 0 |
| TOTAL ASSETS | 70,515,507 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 190,037 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,491,233 |
| Regular shares | 27,777,299 |
| All Other Shares & Deposits | 21,629,275 |
| TOTAL SHARES & DEPOSITS | 61,897,807 |
| TOTAL LIABILITIES | 62,087,844 |
| Regular Reserve | 0 |
| Other Reserves | -3,762,326 |
| Undivided Earnings | 12,189,989 |
| TOTAL EQUITY | 8,427,663 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 70,515,507 |
| INCOME & EXPENSE | |
| Loan Income | 1,374,793 |
| Investment Income | 687,200 |
| Other Income | 334,880 |
| Total Employee Compensation & Benefits | 487,957 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,377,070 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 97,384 |
| Cost of Funds | 463,339 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 366,713 |
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