American Spirit Federal Credit Union
Overview / Commentary
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 2,020th largest credit union in the nation. It was established in 1963 and as of December of 2019, it had grown to 12 employees and 13,310 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, attend school in, and businesses and other legal entities in the City of Newark, Dover, or Middletown.
See current membership details
Health
A
Data as of Q4 2019
Learn why bank health mattersAdditional 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 Chartered | 1963 |
| Employees | 12 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.44% |
| Return on Equity - YTD | 3.01% |
| Annual Interest Income | $2.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $67.5MM$62.2MM |
| Loans | Q4 2019vs Q4 2018 | $30.2MM$27.4MM |
| Deposits | Q4 2019vs Q4 2018 | $57.5MM$52.1MM |
| Equity Capital | Q4 2019vs Q4 2018 | $9.8MM$9.2MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $645.00K$362.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $474.00K$398.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |