American Spirit Federal Credit Union


Overview / Commentary
302-738-4515
1110 Elkton Rd
Newark, DE 19711

American Spirit Federal Credit Union is headquartered in Newark and is the 9th largest credit union in the state of Delaware. It is also the 2,020th largest credit union in the nation. It was established in 1963 and as of December of 2019, it had grown to 12 employees and 13,310 members at 3 locations. American Spirit Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, attend school in, and businesses and other legal entities in the City of Newark, Dover, or Middletown.
See current membership details

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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. American Spirit Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #15426
Year Chartered1963
Employees12
Primary Regulator
Profit Margin
Return on Assets - YTD0.44%
Return on Equity - YTD3.01%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$67.5MM$62.2MM
LoansQ4 2019vs Q4 2018$30.2MM$27.4MM
DepositsQ4 2019vs Q4 2018$57.5MM$52.1MM
Equity CapitalQ4 2019vs Q4 2018$9.8MM$9.2MM
Loan Loss AllowanceQ4 2019vs Q4 2018$645.00K$362.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$474.00K$398.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates

Rates for American Spirit Federal Credit Union are currently being reviewed.

Locations


American Spirit Federal Credit Union Locations
Branch Office1110 Elkton RdNewark, DE 19711
Branch Office58 Carver RdDover, DE 19904
Branch Office98 Sandhill Drmiddletown, DE 19709-5853

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