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1417 Gillam Way
Fairbanks, AK 99701

Spirit Of Alaska Credit Union is headquartered in Fairbanks and is the 5th largest credit union in the state of Alaska. It is also the 1,225th largest credit union in the nation. It was established in 1960 and as of March of 2014, it had grown to 51 employees and 10,226 members. Spirit Of Alaska Credit Union has a A health rating.

Field of Membership Restrictions

Credit union membership is open to those who live, work, or worship within the Fairbanks North Star Borough. Employees and students of public, private and parochial schools, high schools, and institutions of higher learning north of the Alaska Range are also eligible to join. In addition, persons retired as pensioners or annuitants from the above employment; alumni of colleges and universities located within the field of membership of this credit union; members of their immediate families; and organizations of such persons also qualify. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Spirit Of Alaska Credit Union had $905,000 in non-current loans and owned real-estate with $15.07 million in equity and loan loss allowances on hand to cover it. This gives Spirit Of Alaska Credit Union a Texas Ratio of 6.01% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Spirit Of Alaska Credit Union decreased dramatically from 9.44% as of March 31, 2013 to 6.01% as of March 31, 2014, resulting in a positive change of 36.40%.This indicates that the balance sheet and financial strength for Spirit Of Alaska Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Spirit Of Alaska Credit Union has increased its total deposits by $917,000, resulting in 0.81% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Spirit Of Alaska Credit Union has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Spirit Of Alaska Credit Union has $137.28 million in assets with $15.07 million in equity, resulting in a capitalization level of 10.98%, which is above average.

Institution Statistics

NCUA #13583
Year Chartered1960
Primary Regulator
Assets and Liabilities
Assets$137.29 million
Loans$86.89 million
Deposits$114.80 million
Equity Capital$14.71 million
Loan Loss Allowance$362,000
Unbacked Noncurrent Loans$438,000
Real Estate Owned$467,000
Historic Data - March 2013
Assets$134.58 million
Equity Capital$12.82 million
Loan Loss Allowance$463,000
Unbacked Noncurrent Loans$438,000
Real Estate Owned$661,000
Profit Margin - Quarterly
Return on Assets0.76%
Return on Equity7.13%
Interest Income$1.49 million

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Spirit Of Alaska Credit Union Savings Account Rates

0.15%--IRA Savings - Traditional
0.15%--IRA Savings - Roth
0.15%--IRA Savings - CESA
0.15%--IRA Savings - Conversion Roth

Spirit Of Alaska Credit Union Money Market Rates

0.33%$250k-E-Money Market
0.33%$250k-Money Market

Spirit Of Alaska Credit Union Checking Account Rates

1.25%-$10kChoice Checking - Qualifying
0.25%--Dividend Bearing Checking
0.25%--Dividend Bearing Business Checking
0.01%--Choice Checking - Non Qualifying

Spirit Of Alaska Credit Union CD Rates

1.31%$500-72 Month CD
1.21%$500-60 Month CD
1.11%$500-48 Month CD
0.85%$500-36 Month CD
0.70%$500-30 Month CD
0.65%$500-24 Month CD
0.45%$500-18 Month CD
0.40%$500-12 Month CD
0.25%$500-6 Month CD
0.10%$500-3 Month CD

Spirit Of Alaska Credit Union IRA Rates

1.31%$500-72 Month IRA
1.21%$500-60 Month IRA
1.11%$500-48 Month IRA
0.85%$500-36 Month IRA
0.70%$500-30 Month IRA
0.65%$500-24 Month IRA
0.45%$500-18 Month IRA
0.40%$500-12 Month IRA
0.25%$500-6 Month IRA
0.10%$500-3 Month IRA

Spirit Of Alaska Credit Union Locations
Branch Office4001 Geist RdFairbanks, AK 99709-3552
Branch Office1417 Gillam WayFairbanks, AK 99701
Branch Office495 Harold Bentley AveFairbanks, AK 99701
Branch Office1417 Gillam WayFairbanks, AK 99701