American Spirit Newark DE Credit Union | Affordable Auto Loans & Business Banking

Introduction

Welcome to American Spirit, where your financial journey is our top priority! Located at 1110 Elkton Rd, Newark, DE 19711, we have been proudly serving our community since 1963. With a strong commitment to our members, we currently support over 12,000 individuals and families with a range of financial products tailored to meet their unique needs. At American Spirit, we believe in the power of community. Our assets total an impressive $74,215,211, and we maintain a net worth of $13,072,190, reflecting our solid foundation and dedication to responsible growth. Our total deposits stand at $957,054, providing a secure place for your savings while we help you achieve your financial goals. Our experienced team, led by CEO Maurice Dawkins and Board President Melvin Phillips, is here to guide you every step of the way. With a workforce of 15 dedicated employees, we ensure personalized service and support. Whether you're looking for auto loans or mortgage options, our offerings also include personal loans, credit cards with rewards, and business banking solutions all designed with you in mind. While members can visit us at our branch location for friendly service and assistance, official correspondence should be sent to the same address: 1110 Elkton Rd, Newark, DE 19711. With a total loan portfolio of 2,370 loans and leases currently outstanding, we are well-equipped to meet your borrowing needs. We also hold $470,398 in cash on hand to ensure that funds are readily available when you need them. Explore our website at American Spirit for more information about membership eligibility or how to open an account today! Our friendly staff is available by phone at 302-738-4515, ready to assist you during our operating hours: Monday through Thursday from 9 AM - 4:30 PM; Wednesday from 10 AM - 4:30 PM; Friday from 9 AM - 6 PM; and Saturday from 9 AM - 12 PM. Join us at American Spirit where your financial success is our mission!

Branch History & Mission

Community Engagement

American Spirit isn't just about transactions; it's about building relationships. Our shared service center provides convenient access for members of partner credit unions while our drive-thru service allows quick banking on-the-go. Although we currently do not have ATMs on-site, we're committed to providing online and mobile banking options for easy access anywhere. As we look ahead, we invite you to join us at American Spirit. Experience the difference of being part of a community-focused credit union where your financial well-being is our top priority. Together, let's build a brighter future! Visit us today or check out more details online at American Spirit.

Mission Statement

At the heart of American Spirit lies our mission: to provide accessible financial services while fostering a supportive environment that encourages growth and prosperity for all members. We understand that every financial journey is unique, which is why we prioritize personalized service tailored to individual needs. We aim not only to help you achieve your financial goals but also to ensure you feel valued and understood every step of the way. While members can visit us at 1110 Elkton Rd Newark De 19711, official correspondence should be sent to 1110 Elkton Rd, Newark, DE 19711. Our dedicated team is here during operating hours Monday, Tuesday, Thursday from 9 AM to 4:30 PM; Wednesday from 10 AM to 4:30 PM; Friday from 9 AM to 6 PM; and Saturday from 9 AM to 12 PM to assist with any inquiries.

Our Evolution

From our humble beginnings, American Spirit has continually adapted to meet the changing needs of our members. We've expanded our range of services to include personal banking options like checking and savings accounts, auto loans and vehicle financing, mortgage loans, and even business banking solutions. Our mission is clear: we are here to empower our members financially while enhancing their quality of life. Our commitment goes beyond just numbers; it's about making a difference in the lives of those around us. We believe in community support and regularly engage in outreach programs that uplift local initiatives. Whether through partnerships with local organizations or hosting events that bring people together, American Spirit strives to be more than just a bank it's a cornerstone of the Newark community.

Branch Location & Accessibility

Get in Touch!

Have questions or want to learn more? Don't hesitate to give us a call at 302-738-4515. We invite you to come by and experience how American Spirit can help you with your financial journey!

Nearby Landmarks and Accessibility

When you visit us, you'll find that we're close to local favorites like the University of Delaware and Newark's vibrant shopping areas. We ensure our branch is accessible for everyone, featuring ADA-compliant facilities and ramps for easy entry. Parking is ample and hassle-free, making your visit as convenient as possible.

Operating Hours and Services

At American Spirit, we understand that life can be busy! That's why we offer flexible banking hours: on Mondays, Tuesdays, and Thursdays from 9 AM to 4:30 PM; Wednesdays from 10 AM to 4:30 PM; Fridays from 9 AM to 6 PM; and Saturdays from 9 AM to 12 PM. Whether you need to open an account, apply for a loan, or conduct simple transactions, our friendly staff is here to assist you. We also offer drive-thru banking services for those who prefer a quick stop without leaving their vehicle. While we currently do not have ATM availability on-site, our shared service center allows members of partner credit unions to perform basic transactions like deposits and withdrawals.

Member Eligibility

Becoming a member of American Spirit feels like joining a warm, welcoming family where your financial well-being is the priority. If you live, work, worship, or attend school in our community, you're already on the right track to enjoying all the benefits we offer! Our membership is open to individuals who meet these simple criteria, and we encourage anyone interested to reach out for more information. You can find all the specific eligibility details at https://www.americanspirit.org/membership/ , which will give you a clear understanding of how easy it is to get started. Opening an account with us is just as straightforward. With just a few steps, you'll be on your way to accessing our range of services designed to help you thrive financially. Whether you're looking for personal banking options or loans, we've got you covered. For more details on how to open an account, visit https://apps-americanspirit.ns3web.com/nsloan or give us a call at (302) 738-4515. We're here to support you every step of the way!

Business Banking & Commercial Services

Merchant Services that Matter

Imagine having the tools to streamline your transactions and enhance customer satisfaction. Our merchant services are designed to do just that. Whether you're a local shop or a service provider, our solutions help you accept payments easily, manage your cash flow effectively, and focus on what you do best running your business. Located at 1110 Elkton Rd Newark De 19711 in Newark, DE, we invite you to explore how our business banking solutions can empower your enterprise. Reach out to us at (302) 738-4515 or visit us online for more information!

Supporting Your Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $26 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $164 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $5,555,191, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Business Banking Support

For our local entrepreneurs, we offer Business Banking services which include Merchant Services and Business Loans. We understand the unique challenges small businesses face, and we're here to support your growth with personalized service and tailored financial products.

Convenient Online and Mobile Banking

In today's fast-paced world, convenience is key. That's why we've invested in robust Online & Mobile Banking platforms. You can easily manage your accounts from anywhere, whether it's making payments or checking balances. Additionally, our ATM & Cash Withdrawal Services ensure that you have access to your money when you need it most.

Credit Options with Benefits

At American Spirit, we also provide Credit Cards with Rewards that not only give you purchasing power but also allow you to earn points on every dollar spent. These rewards can be redeemed for travel, merchandise, or cash back making your everyday spending even more beneficial.

Drive-Thru and Shared Branch Transactions

For those who prefer face-to-face interactions, our Basic Drive-Thru Banking allows for quick deposits and withdrawals without leaving your vehicle. If you're a member of a partner credit union, take advantage of our Basic Shared Branch Transactions, enabling easy access to deposits and withdrawals across networks. At American Spirit, we prioritize making banking simple and accessible for everyone in the community. Our friendly staff is always ready to assist you with any questions or needs you may have. Ready to take the next step? Contact us at (302) 738-4515 or visit us at 1110 Elkton Rd today! Your financial journey starts here!

Home Financing Made Easy

Thinking about buying a home? Our Mortgage Loans & Refinancing services are here to guide you through every step of the process. We work with you to find the best mortgage solution that fits your budget and lifestyle. Plus, if you're looking to consolidate debt or need extra cash for personal projects, our Personal Loans & Debt Consolidation options offer straightforward solutions without hidden fees.

Personal Banking Solutions

We understand that managing personal finances can be challenging. That's why we offer Personal Banking options including checking and savings accounts designed to help you grow your money while keeping it accessible. If you're in the market for a new vehicle, our Auto Loans & Vehicle Financing options provide competitive rates and flexible terms, making it easier for you to hit the road in style.

Digital & Online Banking

Key Features

With our user-friendly mobile application, available for download, managing your accounts has never been easier. Whether you're checking your balance or reviewing recent transactions, everything is just a tap away. You can also enjoy the benefits of e-statements say goodbye to paper clutter and keep your financial records organized and accessible. Need to send money quickly? Our person-to-person transfer feature allows you to send funds directly to friends and family with ease. Plus, while we currently do not support mobile payments, our online banking platform provides all the essential tools you need for everyday banking tasks. Security is a top priority at American Spirit. We ensure that all transactions are protected with advanced security measures, giving you peace of mind while you bank online. Although we don't currently offer electronic signature authorization, our commitment to safeguarding your information remains strong. We believe banking should be as straightforward as possible. With features like real-time account management and easy navigation through our mobile app and website, you'll find everything you need right when you need it. Join us today at American Spirit and experience the convenience of modern banking!

Financial Strength

Commitment to Excellence

Our financial performance reflects our commitment to serving our members. With $11,620,933 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve you better. Our total loans and leases amount to $29,438,540, which includes $184 in used auto loans designed to support your financial goals across various sectors. Our operational efficiency is evident with a net income of $117,534, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 11 full-time employees and 4 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Growing Together

With 17,145 total share accounts, we have a strong and growing member base that trusts us with their finances. Our net shares available for lending stand at $0, further emphasizing our dedication to making your financial journey smooth. In conclusion, our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, American Spirit is your trusted partner. Visit us at 1110 Elkton Rd Newark De 19711 or call (302) 738-4515 to learn more about how we can help you achieve your financial goals.

Member Savings and Growth

Members' savings are secured through $1,695,796 in share certificates and $8,019,426 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $7,252,506, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Our Solid Foundation

With a net worth of $13,072,190, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,758 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $2,985,344 in used vehicle loans and $1,398,472 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive interest rates on both new and used vehicles.

Credit Lines and Business Loans

For those looking for additional flexibility in managing their finances or running a business, our total credit lines amount to $24,472,167. We also have outstanding commercial loans totaling $5,555,191, providing business owners with the capital needed to grow and expand. No matter what type of loan you need, our dedicated team is here to help you navigate your options. You can reach us at (302) 738-4515 for any questions or to discuss which loan product might be right for you. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. At American Spirit, we're committed to empowering our members with the financial resources they need to succeed!

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $1,994,162. If you're considering refinancing your current mortgage or exploring eligibility options, we are here to guide you through the process.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $2,312,210 in loans helping members manage their finances effectively. This can be an excellent way to consolidate debt or cover unexpected expenses without needing collateral.

Loan Aggregator

Ensuring Accurate Comparisons

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AMERICAN SPIRIT FEDERAL CREDIT UNION - Newark, DE