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 |
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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 |
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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 |
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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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