Spirit Of Alaska Credit Union

1417 Gillam Way
Fairbanks, AK 99709
800-478-1949
www.spiritofak.com

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Spirit Of Alaska Credit Union is headquartered in Fairbanks and is the 5^th largest credit union in the state of Alaska. It is also the 1,243^rd largest credit union in the nation. It was established in 1960 and as of September of 2011, it had grown to 51 employees and 9,956 members. Spirit Of Alaska Credit Union has a 4-star health rating.

High-Yield Reward Checking Account at Spirit of Alaska FCU - Local Only - 5/9/2010

Spirit of Alaska Credit Union is offering a high-yield reward checking account called Choice Checking . This is another example of a reward checking with only a $10K cap. The $25K cap is the most com ...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Spirit Of Alaska Credit Union Checking Account Rates

Apy	Min	Max	Product
2.00%	-	$10k	Choice Checking
0.25%	-	-	Dividend Bearing Checking
0.25%	-	-	Dividend Bearing Business Checking

Spirit Of Alaska Credit Union Savings Account Rates

Apy	Min	Max	Product
0.40%	-	-	IRA Savings - Traditional
0.40%	-	-	IRA Savings - Roth
0.40%	-	-	IRA Savings - CESA
0.40%	-	-	IRA Savings - Conversion Roth
0.25%	-	-	E-Savings
0.25%	-	-	Savings

Spirit Of Alaska Credit Union Money Market Rates

Apy	Min	Max	Product
0.68%	$250k	-	E-Money Market
0.68%	$250k	-	Money Market

Spirit Of Alaska Credit Union CD Rates

Apy	Min	Max	Product
1.77%	$500	$75k	72 Month CD
1.71%	$500	$75k	60 Month CD
1.66%	$500	$75k	48 Month CD
1.61%	$500	$75k	36 Month CD
1.26%	$500	$75k	30 Month CD
1.21%	$500	$75k	24 Month CD
0.70%	$500	$75k	18 Month CD
0.65%	$500	$75k	12 Month CD
0.40%	$500	$75k	6 Month CD
0.30%	$500	$75k	3 Month CD

Spirit Of Alaska Credit Union IRA Rates

Apy	Min	Max	Product
1.77%	$500	$75k	72 Month IRA
1.77%	$500	$75k	72 Month Roth IRA
1.77%	$500	$75k	72 Month CESA
1.77%	$500	$75k	72 Month Conversion Roth IRA
1.71%	$500	$75k	60 Month IRA
1.71%	$500	$75k	60 Month Roth IRA
1.71%	$500	$75k	60 Month CESA
1.71%	$500	$75k	60 Month Conversion Roth IRA
1.66%	$500	$75k	48 Month IRA
1.66%	$500	$75k	48 Month Roth IRA
1.66%	$500	$75k	48 Month CESA
1.66%	$500	$75k	48 Month Conversion Roth IRA
1.61%	$500	$75k	36 Month IRA
1.61%	$500	$75k	36 Month Roth IRA
1.61%	$500	$75k	36 Month CESA
1.61%	$500	$75k	36 Month Conversion Roth IRA
1.26%	$500	$75k	30 Month IRA
1.26%	$500	$75k	30 Month Roth IRA
1.26%	$500	$75k	30 Month CESA
1.26%	$500	$75k	30 Month Conversion Roth IRA
1.21%	$500	$75k	24 Month IRA
1.21%	$500	$75k	24 Month Roth IRA
1.21%	$500	$75k	24 Month CESA
1.21%	$500	$75k	24 Month Conversion Roth IRA
0.70%	$500	$75k	18 Month IRA
0.70%	$500	$75k	18 Month Roth IRA
0.70%	$500	$75k	18 Month CESA
0.70%	$500	$75k	18 Month Conversion Roth IRA
0.65%	$500	$75k	12 Month IRA
0.65%	$500	$75k	12 Month Roth IRA
0.65%	$500	$75k	12 Month CESA
0.65%	$500	$75k	12 Month Conversion Roth IRA
0.40%	$500	$75k	6 Month IRA
0.40%	$500	$75k	6 Month Roth IRA
0.40%	$500	$75k	6 Month CESA
0.40%	$500	$75k	6 Month Conversion Roth IRA
0.30%	$500	$75k	3 Month IRA
0.30%	$500	$75k	3 Month Roth IRA
0.30%	$500	$75k	3 Month CESA
0.30%	$500	$75k	3 Month Conversion Roth IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

SPIRIT OF ALASKA
NCUA #	13583
BankRate Report	View
Year Established	1960
Employees	51
Primary Regulator
Assets and Liabilities
Assets	$121.57 million
Loans	$80.78 million
Deposits	$102.53 million
Equity Capital	$11.26 million
Loan Loss Allowance	$378,000
Unbacked Noncurrent Loans	$1.04 million
Real Estate Owned	$70,000
Historic Data - September 2010
Assets	$115.61 million
Equity Capital	$10.19 million
Loan Loss Allowance	$342,000
Unbacked Noncurrent Loans	$410,000
Real Estate Owned	$191,000
Profit Margin - Quarterly
Net Interest Margin	4.69%
Return on Assets	0.82%
Return on Equity	8.91%
Interest Income	$4.55 million
Non-Interest Income	$1.98 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Spirit Of Alaska Credit Union had $1.11 million in non-current loans and owned real-estate with $11.64 million in equity and loan loss allowances on hand to cover it. This gives Spirit Of Alaska Credit Union a Texas Ratio of 9.57% which is above average. 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 held steady from 5.71% as of September 30, 2010 to 9.57% as of September 30, 2011, resulting in a negative change of 67.56%. This indicates that the balance sheet and financial strength for Spirit Of Alaska Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Spirit Of Alaska Credit Union has increased its total deposits by $5.2 million, resulting in 5.34% 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 excellent.
Capitalization
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 $121.57 million in assets with $11.64 million in equity, resulting in a capitalization level of 9.57%, which is average.