Spin degrees of freedom of the Galilean covariant Dirac field in
(4+1) dimensions and its nonrelativistic counterpart in
(3+1) dimensions are examined. Two standard choices of spin operator, the Galilean covariant and Dirac spin operators, are considered. It is shown that the Dirac spin of the Galilean covariant Dirac field in
(4+1) dimensions is not conserved, and the role of non-Galilean boosts in its nonconservation is stressed out. After reduction to
(3+1) dimensions the Dirac field turns into a nonrelativistic Fermi field with a conserved Dirac spin. A generalized form of the L\'evy-Leblond equations for the Fermi field is given. One-particle spin states are constructed. A particle-antiparticle system is discussed.