Lincoln's Most Reliable Credit Union

A credit union is a cooperative, non-profit financial institution organized to promote thrift and provide credit to members. It is member-owned and controlled by a board of directors elected by the membership. The board serves on a volunteer basis and may hire a management team to run the credit union. The board also establishes and revises policy, sets dividend and loan rates, and directs certain operations. The result: members are provided with a safe, convenient place to save and borrow at reasonable rates at an institution which exists to benefit them, not to make a profit.

Each credit union member owns one “share” of the organization. The user of credit union services is also an owner and is even entitled to vote on important issues, such as the election of member representatives to serve on the board of directors.

Yes! Spirit of America has an app for both Apple and Android products. In the app store search for “Spirit of America FCU” and download the app. Before you can use the mobile app, you will first need to login to eBranch and activate the application. Just follow these simple steps once you are in the eBranch system:

• Click on the “Maintenance” tab.
• Click on the “Mobile Banking” option.
• Click on “Enable Access”
• Assign your account a “Secret Code.”

Yes. All savings accounts are insured up to $250,000 by the NCUA, the National Credit Union Administration, an agency of the federal government.

A credit union exists to serve a specific group of people, such as a group of employees or the members of a professional or religious group. This range is called a “field of membership.” Our field of membership include: Federal, Military, Postal Employees and their families. We offer membership to all eligible residents of Lincoln, NE.

The primary purpose of Spirit of America Federal Credit Union is to encourage members to save money. Another purpose is to offer loans to members. We can charge lower rates for loans (as well as pay higher dividends on savings) because we are a nonprofit cooperative. Rather than paying profits to stockholders, credit unions return earnings to members in the form of dividends or improved services.