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 2,018th largest credit union in the nation. It was established in 1963 and as of March of 2021, it had grown to 12 employees and 13,236 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

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.



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 - YTD1.19%
Return on Equity - YTD9.73%
Annual Interest Income$545.00K
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$81.5MM$70.9MM
LoansQ1 2021vs Q1 2020$30.6MM$28.8MM
DepositsQ1 2021vs Q1 2020$71.4MM$60.5MM
Equity CapitalQ1 2021vs Q1 2020$9.7MM$10.3MM
Loan Loss AllowanceQ1 2021vs Q1 2020$766.00K$682.00K
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$167.00K$290.00K
Real Estate OwnedQ1 2021vs Q1 2020$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*-$10kKasasa Saver
OTHER TIERS: 0.05% $10k+
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

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

American Spirit Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$1k-48 Month CD
0.55%$1k-36 Month CD
0.35%$1k-24 Month CD
0.15%$1k-12 Month CD

American Spirit Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$1k-5 Year IRA
0.65%$1k-4 Year IRA
0.55%$1k-3 Year IRA
0.35%$1k-2 Year IRA
0.15%$1k-1 Year IRA
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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