Spirit Financial Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 231469875 ✦ Levittown, PA ✦ Designated as a 501(c)(14)

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Overview

What is Spirit Financial Credit Union?

Spirit Financial Credit Union is a not-for-profit financial institution, specifically categorized as a credit union, situated in Levittown, Pennsylvania. Its primary mission is to offer affordable financial services to its member base. As a credit union, Spirit Financial Credit Union stands out by prioritizing the needs of its members, providing them with cost-effective financial solutions.


Official website here: www.spiritfinancialcu.org

Is Spirit Financial Credit Union legitimate?

Spirit Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Spirit Financial Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $226,784
Professional Fundraising Fees: $0
Other Salaries and Wages: $305,553

For more financial information, click here


Official website here: www.spiritfinancialcu.org

What is the mission statement of Spirit Financial Credit Union?

Spirit Financial Credit Union is committed to providing its members with affordable financial services as part of its mission. As a financial institution and credit union, it offers various financial services at reduced costs. Located beyond the scope of this information, Spirit Financial Credit Union prioritizes the financial well-being of its members by offering them cost-effective financial solutions.


Official website here: www.spiritfinancialcu.org

Who is the CEO of Spirit Financial Credit Union?

David Obarowski is the Ceo of Spirit Financial Credit Union. The CEO's salary of Spirit Financial Credit Union is $226,784 and their total compensation is $453,568.


Official website here: www.spiritfinancialcu.org

What is the revenue of Spirit Financial Credit Union?

Spirit Financial Credit Union's revenue in 2022 was $2,517,527.


Official website here: www.spiritfinancialcu.org

Who are the executives of Spirit Financial Credit Union and what are their salaries?

The average compensation at Spirit Financial Credit Union during 2022 was $53,234. There are 10 employees and 7 volunteers at Spirit Financial Credit Union.


There is 1 key member and their salary:


David Obarowski (Ceo)
  • Compensation: $226,784
  • Related: $0
  • Other: $226,784


Official website here: www.spiritfinancialcu.org

Where can I find the form 990 for Spirit Financial Credit Union?

Spirit Financial Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.spiritfinancialcu.org

Learn more at the official website: www.spiritfinancialcu.org

Mission Statement of Spirit Financial Credit Union

Spirit Financial Credit Union, as a mission-driven financial institution, is committed to providing affordable financial services to its members. This credit union operates with the primary objective of offering its members access to cost-effective financial solutions, positioning itself as a reliable financial partner for its members. By focusing on affordability, Spirit Financial Credit Union distinguishes itself in the financial services sector, emphasizing its dedication to its members' financial well-being.

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Impact




October, 2024

Spirit Financial Credit Union plays a significant role in the financial wellbeing of its members by offering low-cost financial services tailored to meet the needs of the community. By providing affordable options for banking, Spirit Financial ensures that individuals and families in Levittown, PA, can access essential financial resources without the burden of high fees. This commitment not only fosters greater financial stability among its members but also contributes to the overall economic health of the community. The credit union's emphasis on member-centric services underscores its mission to promote inclusive financial practices, enabling more people to achieve their financial goals and improve their quality of life.




This information is meant to be a general summary of Spirit Financial Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,517,527 (2022)
Expenses
$2,065,354 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $387,510
  • Program Service Revenue: $2,130,017
  • Gross Receipts: $2,517,527

Assets and Liabilities:

  • Total Assets: $70,694,603
  • Total Liabilities: $375,628
  • Net Assets: $70,318,975

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Interest on Loans

Revenue

$1,547,859

Fee Income

Revenue

$563,164

Other

Revenue

$18,994

Organization Details

Founding Year

1953

Principal Officer

David Obarowski

Main Address

8535 New Falls Road, Levittown, PA, 19054

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