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AMERICAN SPIRIT FEDERAL CREDIT UNION

Dec, 31, 2021 — AMERICAN SPIRIT FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, DE with 3 branch locations and about $84.35 million in total assets. Opened 59 years ago in 1963, AMERICAN SPIRIT FEDERAL CREDIT UNION has about 13,238 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 231176787
Name:AMERICAN SPIRIT FEDERAL CREDIT UNION
Address:
(Main Office)
1110 Elkton Rd
NEWARK, DE 19711
Phone:(302) 738-4515
Fax:(302) 738-4562
Website:http://www.americanspirit.org
Branches:3 branch locations
Members:13,238
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$84,351,947
CEO/Manager:Maurice Dawkins
Chairperson:Melvin Phillips

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,878,901
TOTAL INVESTMENTS 44,972,782
Loans Held for Sale 0
 
 Real Estate Loans 22,170,119
 Unsecured Loans 6,028,538
 Other Loans 2,286,516
 TOTAL LOANS 31,259,833
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -715,668
 Land And Building 1,799,498
 Other Fixed Assets 23,253
 NCUSIF Deposit 705,071
 All Other Assets 1,428,277
  TOTAL ASSETS 84,351,947
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 172,489
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 16,016,654
 Regular shares 32,669,829
 All Other Shares & Deposits 25,049,297
  TOTAL SHARES & DEPOSITS 73,735,780
  TOTAL LIABILITIES 73,908,269
 Regular Reserve 2,348,336
 Other Reserves -592,157
 Undivided Earnings 8,687,499
  TOTAL EQUITY 10,443,678
  TOTAL LIABILITIES, SHARES, & EQUITY 84,351,947
INCOME & EXPENSE  
 Loan Income 1,704,238
 Investment Income 554,666
 Other Income 404,159
 Total Employee Compensation & Benefits 778,152
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,781,317
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 278,578
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 973,427
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