Dec, 31, 2023 — SPIRE CREDIT UNION is a federally insured state chartered credit union headquartered in FALCON HEIGHTS, MN with 23 branch locations and about $2.17 billion in total assets. Opened 90 years ago in 1934, SPIRE CREDIT UNION has about 159,335 members and employs 376 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SPIRE CREDIT UNION |
|---|---|
| Address: (Main Office) | 2025 Larpenteur Ave W FALCON HEIGHTS, MN 55113 |
| Phone: | (651) 215-3500 |
| Fax: | |
| Website: | https://www.myspire.com |
| Branches: | 23 branch locations |
| Members: | 159,335 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68651 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,167,288,625 |
| CEO/Manager: | Dan Stoltz |
| Chairperson: | Tom Heinzen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 142,121,443 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 957,581 |
| Real Estate Loans | 777,599,736 |
| Unsecured Loans | 138,795,487 |
| Other Loans | 574,916,147 |
| TOTAL LOANS | 1,491,491,697 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,824,070 |
| Land And Building | 69,777,552 |
| Other Fixed Assets | 6,320,899 |
| NCUSIF Deposit | 18,470,155 |
| All Other Assets | 1,653,243 |
| TOTAL ASSETS | 2,167,288,625 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 58,861 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 24,477,961 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 513,133,711 |
| Regular shares | 508,785,409 |
| All Other Shares & Deposits | 962,556,212 |
| TOTAL SHARES & DEPOSITS | 1,984,475,332 |
| TOTAL LIABILITIES | 2,009,012,154 |
| Regular Reserve | 0 |
| Other Reserves | 24,636,169 |
| Undivided Earnings | 133,640,302 |
| TOTAL EQUITY | 158,276,471 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,167,288,625 |
| INCOME & EXPENSE | |
| Loan Income | 67,795,407 |
| Investment Income | 11,778,454 |
| Other Income | 10,592,026 |
| Total Employee Compensation & Benefits | 38,361,310 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 44,929,337 |
| Non-operating Income & (Expense) | -109,853 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,500,000 |
| Cost of Funds | 21,891,311 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,582,662 |
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» See also Statement of Financial Condition