Dec, 31, 2023 — SPIRIT OF AMERICA FEDERAL CREDIT UNION is a federal credit union headquartered in LINCOLN, NE with 1 branch location and about $55.84 million in total assets. Opened 81 years ago in 1943, SPIRIT OF AMERICA FEDERAL CREDIT UNION has about 3,756 members and employs 9 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 AMERICA FEDERAL CREDIT UNION |
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Address: (Main Office) | 325 N 52nd St LINCOLN, NE 68504-3507 |
Phone: | (402) 467-1102 |
Fax: | (402) 467-3293 |
Website: | https://www.spiritofamericafcu.org |
Branches: | 1 branch locations |
Members: | 3,756 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24724 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1943 |
Last Audited: | Feb 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $55,844,135 |
CEO/Manager: | Rhonda M Litt |
Chairperson: | Randall L Hansen |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,246,582 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,360,607 |
Unsecured Loans | 702,494 |
Other Loans | 10,637,274 |
TOTAL LOANS | 19,700,375 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -84,912 |
Land And Building | 451,775 |
Other Fixed Assets | 83,113 |
NCUSIF Deposit | 517,942 |
All Other Assets | 0 |
TOTAL ASSETS | 55,844,135 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 902,772 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 13,170,124 |
Regular shares | 34,566,785 |
All Other Shares & Deposits | 2,370,204 |
TOTAL SHARES & DEPOSITS | 50,107,113 |
TOTAL LIABILITIES | 51,009,885 |
Regular Reserve | 0 |
Other Reserves | 1,980,420 |
Undivided Earnings | 2,853,830 |
TOTAL EQUITY | 4,834,250 |
TOTAL LIABILITIES, SHARES, & EQUITY | 55,844,135 |
INCOME & EXPENSE | |
Loan Income | 760,379 |
Investment Income | 811,450 |
Other Income | 222,963 |
Total Employee Compensation & Benefits | 730,791 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 635,939 |
Non-operating Income & (Expense) | 4,294 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 20,064 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 440,125 |
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