Jun, 30, 2024 — AMERICAN SPIRIT FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, DE with 3 branch locations and about $78.44 million in total assets. Opened 62 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.
Name: | AMERICAN SPIRIT FEDERAL CREDIT UNION |
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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: | 13,238 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15426 |
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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: | $78,442,051 |
CEO/Manager: | Maurice Dawkins |
Chairperson: | Melvin Phillips |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,803,663 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 20,513,555 |
Unsecured Loans | 3,548,073 |
Other Loans | 4,515,005 |
TOTAL LOANS | 33,523,669 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -605,727 |
Land And Building | 1,744,336 |
Other Fixed Assets | 15,234 |
NCUSIF Deposit | 710,574 |
All Other Assets | 0 |
TOTAL ASSETS | 78,442,051 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 3,058,301 |
Accounts Payable & Other Liabilities | 71,055 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,881,950 |
Regular shares | 32,752,006 |
All Other Shares & Deposits | 22,065,998 |
TOTAL SHARES & DEPOSITS | 70,699,954 |
TOTAL LIABILITIES | 73,829,310 |
Regular Reserve | 0 |
Other Reserves | -7,035,399 |
Undivided Earnings | 11,648,140 |
TOTAL EQUITY | 4,612,741 |
TOTAL LIABILITIES, SHARES, & EQUITY | 78,442,051 |
INCOME & EXPENSE | |
Loan Income | 1,330,483 |
Investment Income | 483,042 |
Other Income | 313,272 |
Total Employee Compensation & Benefits | 513,109 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,539,872 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 187,781 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 612,304 |
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