Who We Are

American Spirit Federal Credit Union was chartered in 1963. The founding members believed that a non-profit financial institution organized and operated by fellow workers would help improve their lives and the lives of their co-workers. The credit union was a unique idea to many of the workers who were having trouble obtaining financial services in the 1960’s. The credit union attracted many members who were interested in the credit union’s cooperative nature and its non-profit status. American Spirit Federal Credit Union has grown to a mid-sized financial institution with over 30 million dollars in assets. The credit union’s relatively small size, its non profit status, and the fact that its’ owned and operated by local members, continues to attract many new members.

The Credit Union Difference

Credit Unions are much different in their reason-for-being than banks. American Spirit Federal Credit Union’s mission is to "...improve the personal well-being of everyone affiliated with the credit union". In other words, we are here to help each member improve their lives through financial education, better financial planning, and better priced products and services. Contrast our mission with that of the banking industry; banks are formed to make money for their stockholders-that is their purpose. Their customers are simply the source of their profit! Because credit unions are non-profit, we don’t have a wealthy group of stockholders demanding that we increase profits- profits increased by raising fees, lower interest on savings, or by charging 18% on credit cards. No, the only group we have to satisfy are our members!