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 |
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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 |
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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 |
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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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