Overview / Commentary
Spirit Financial Credit Union is headquartered in Levittown and is the 98th largest credit union in the state of Pennsylvania. It is also the 2,101st largest credit union in the nation. It was established in 1953 and as of June of 2024, it had grown to 8 employees and 4,046 members at 1 location. Spirit Financial Credit Union's CD rates are 4X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Spirit Financial Credit Union is open to those who live, work, worship, or attend school in Bucks County, Pennsylvania. Family members of an existing Spirit Financial Credit Union and those who were employed by the credit union's original sponsor group, U.S. Steel, are also eligible for membership.
See current membership details
Health
A
Data as of Q2 2024
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. Spirit Financial Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 60369 |
| Year Chartered | 1953 |
| Employees | 8 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.66% |
| Return on Equity - YTD | -5.59% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $73.7MM$71.2MM |
| Loans | Q2 2024vs Q2 2023 | $36.1MM$36MM |
| Deposits | Q2 2024vs Q2 2023 | $64.4MM$62.1MM |
| Equity Capital | Q2 2024vs Q2 2023 | $8.8MM$8.8MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $358K$248K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $94K$139K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |