Dec, 31, 2023 — SPIRIT FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in LEVITTOWN, PA with 1 branch location and about $72.94 million in total assets. Opened 71 years ago in 1953, SPIRIT FINANCIAL CREDIT UNION has about 4,059 members and employs 10 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 FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8535 New Falls Rd LEVITTOWN, PA 19054-1601 |
| Phone: | (267) 580-0230 |
| Fax: | (267) 580-0239 |
| Website: | https://www.spiritfinancialcu.org |
| Branches: | 1 branch locations |
| Members: | 4,059 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60369 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $72,935,652 |
| CEO/Manager: | David Obarowski |
| Chairperson: | Shirley Turner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,815,654 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,771,402 |
| Unsecured Loans | 6,417,766 |
| Other Loans | 4,616,371 |
| TOTAL LOANS | 36,805,539 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -176,203 |
| Land And Building | 2,460,276 |
| Other Fixed Assets | 143,423 |
| NCUSIF Deposit | 594,429 |
| All Other Assets | 0 |
| TOTAL ASSETS | 72,935,652 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,104 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 507,477 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,182,899 |
| Regular shares | 25,774,384 |
| All Other Shares & Deposits | 28,465,729 |
| TOTAL SHARES & DEPOSITS | 63,423,012 |
| TOTAL LIABILITIES | 63,940,812 |
| Regular Reserve | 0 |
| Other Reserves | 864,799 |
| Undivided Earnings | 8,130,041 |
| TOTAL EQUITY | 8,994,840 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 72,935,652 |
| INCOME & EXPENSE | |
| Loan Income | 1,955,825 |
| Investment Income | 550,017 |
| Other Income | 266,774 |
| Total Employee Compensation & Benefits | 747,506 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,087,513 |
| Non-operating Income & (Expense) | 190,289 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 129,698 |
| Cost of Funds | 714,545 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 555,650 |
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» See also Statement of Financial Condition