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 2,005th largest credit union in the nation. It was established in 1963 and as of December of 2020, it had grown to 12 employees and 13,116 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 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 15426 |
| Year Chartered | 1963 |
| Employees | 12 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.89% |
| Return on Equity - YTD | 6.58% |
| Annual Interest Income | $2.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $78.4MM$67.5MM |
| Loans | Q4 2020vs Q4 2019 | $29.3MM$30.2MM |
| Deposits | Q4 2020vs Q4 2019 | $67.6MM$57.5MM |
| Equity Capital | Q4 2020vs Q4 2019 | $10.6MM$9.8MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $781.00K$645.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $588.00K$474.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |