American Spirit Federal Credit Union

Overview / Commentary
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 2,079th largest credit union in the nation. It was established in 1963 and as of June of 2022, it had grown to 11 employees and 13,229 members at 3 locations. American Spirit Federal Credit Union has a B health rating.

Field of Membership Restrictions

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

Reviews (1)

Going Downhill Fast.

I’ve been a member for 31 years. Today I spent 45 minutes in the drive thru line. They have one teller who has to leave the area to go out front to do all the transactions. Never have I seen such inefficient work process. The branch manager should be replaced. I’ve asked last December when the credit union was going to allow cashing checks using photos by phone, they said in a month or so. Well here it is October and still can’t do it. I’ll be changing financial institutions soon.

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

NCUA #15426
Year Chartered1963
Primary Regulator
Profit Margin
Return on Assets - YTD1.11%
Return on Equity - YTD13.58%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$80.1MM$83.0MM
LoansQ2 2022vs Q2 2021$32.1MM$30.9MM
DepositsQ2 2022vs Q2 2021$70.6MM$72.2MM
Equity CapitalQ2 2022vs Q2 2021$6.6MM$10.5MM
Loan Loss AllowanceQ2 2022vs Q2 2021$602.00K$778.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$273.00K$74.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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Always verify rates and promotions with the bank or credit union. We are not American Spirit Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

American Spirit Federal Credit Union Savings Account Rates

0.40%-$10kKasasa Saver
0.05%$250-Share Account
0.05%$250-Special Account
0.05%$250-Vacation Club
0.05%$250-Insurance Accumulation Account
0.05%$250-Holiday Club
0.05%--Youth Shares
0.05%--Traditional IRA
0.05%--Educational IRA
0.05%--Roth IRA

American Spirit Federal Credit Union Money Market Rates

0.20%*$50k*-Money Market Account
OTHER TIERS: 0.05% $1k - $10k | 0.10% $10k - $25k | 0.15% $25k - $50k

American Spirit Federal Credit Union Checking Account Rates

1.00%*-$10kKasasa Cash
OTHER TIERS: 0.05% $10k+

American Spirit Federal Credit Union CD Rates

0.55%$1k-48 Month CD
0.45%$1k-36 Month CD
0.25%$1k-24 Month CD
0.05%$1k-12 Month CD

American Spirit Federal Credit Union IRA Rates

0.65%$1k-5 Year IRA
0.55%$1k-4 Year IRA
0.45%$1k-3 Year IRA
0.25%$1k-2 Year IRA
0.05%$1k-1 Year IRA

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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