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.
| 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 |
| 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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