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 2,135th largest credit union in the nation. It was established in 1963 and as of March of 2025, it had grown to 12 employees and 12,102 members at 3 locations. American Spirit Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership in American Spirit Federal Credit Union 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 (2)

American Spirit Credit Union - Shit Show

The Dover branch has turned into a complete shit show...I have tried reaching the Newark and Middletown branch and the same result...Cluck Fuster.
Since Ms. Marie left the Dover branch, the customer service is horrendous. I am seriously thinking of moving my account to another local credit union.

I am extremely disappointed as I have been a longtime account holder...since 2004.

My account has been hacked 3 times in the last 3 months and their since of urgency is nil to none...meanwhile I am racking up late fees & NSF charges...still don't have the expedited ATM card that was ordered on the 19th...mind you the rep wanted to charge me $60.00 for expediting the card.

RIDICULOUS!!!

Cheryl Rowe

American Spirit Federal Credit Union

I have been a member of this credit union for over 25 years. I have watched it get worse and worse. The topper is when they locked my account on a holiday weekend and there was no one to get hold of to unlock the account or let me know what was going on. They did this to me once before so i was prepared this time. The real problem is not that they locked the account but the fact that their was not a human I could talk to or ways to get at the funds. I still have accounts their but the balances will remain very minimal with very little use.



Health
C+
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 - YTD0.66%
Return on Equity - YTD6.44%
Annual Interest Income$637K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$71.7MM$76.1MM
LoansQ1 2025vs Q1 2024$26.4MM$31.5MM
DepositsQ1 2025vs Q1 2024$60.1MM$63.8MM
Equity CapitalQ1 2025vs Q1 2024$7.4MM$5.6MM
Loan Loss AllowanceQ1 2025vs Q1 2024$745K$770K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$1MM$602K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Sorry, we do not have rate data for American Spirit Federal Credit Union.

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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