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 1,997th largest credit union in the nation. It was established in 1963 and as of December of 2021, it had grown to 12 employees and 13,238 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,or attend school in, and businesses and other legal entities in the Delaware cities of Newark, Dover, or Middletown.
See current membership details
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.
Data as of Q4 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 15426 |
| Year Chartered | 1963 |
| Employees | 12 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.15% |
| Return on Equity - YTD | 9.32% |
| Annual Interest Income | $2.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $84.4MM$78.4MM |
| Loans | Q4 2021vs Q4 2020 | $31.3MM$29.3MM |
| Deposits | Q4 2021vs Q4 2020 | $73.7MM$67.6MM |
| Equity Capital | Q4 2021vs Q4 2020 | $10.4MM$10.6MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $716.00K$781.00K |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $343.00K$588.00K |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |