Spire Credit Union

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

EIN: 410585825 ✦ Falcon heights, MN ✦ Designated as a 501(c)(14)

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Overview

What is Spire Credit Union?

Spire Credit Union is a member-owned financial cooperative based at 2025 Larpenteur Ave W in Falcon Heights, Minnesota (55113). With a staff of 488 passionate professionals, Spire Credit Union is dedicated to improving the financial well-being of its members. Their range of services includes savings deposit accounts, checking services, loan origination, and loan portfolio servicing. The organization's mission emphasizes safety, sound operations, and respect for employees and members. Committed to providing competitive and quality financial services, Spire Credit Union strives to enhance the financial well-being of its members.


Official website here: www.myspire.com

What do the Facebook reviews say about Spire Credit Union?

50% of reviewers on Facebook recommend Spire Credit Union, based on a total of 45 reviews. Here’s a summary of what users are saying:

Many reviews reflect dissatisfaction, particularly regarding lengthy loan processing times. One user emphasized that slow processing caused significant frustration, as they lost financing after waiting over two months for their loan, which should typically take 30 to 40 days. This highlights a critical area where the organization may need to improve to better serve its customers.

Overall, the sentiment leans towards disappointment, with some reviewers expressing concerns about delays and communication during the loan process. There appears to be significant room for improvement in efficiency to enhance user experiences.


This AI summary has been generated from reviews found on Facebook.

Is Spire Credit Union legitimate?

Spire Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Spire 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: $5,137,909
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,369,786

For more financial information, click here


Official website here: www.myspire.com

What is the mission statement of Spire Credit Union?

Spire Credit Union is a financial cooperative dedicated to enhancing the financial well-being of its member-owners. The institution is focused on delivering competitive and high-quality financial services, prioritizing safety and sound operations. Their primary goal is to improve the financial situations of their members.

The credit union provides savings deposit services and checking accounts for members. In addition, they originate new loans and manage their loan portfolio to cater to the diverse financial needs of their members. By offering these services, Spire Credit Union strives to make a positive impact on the financial well-being of its community.


Official website here: www.myspire.com

Who is the CEO of Spire Credit Union?

Dan Stoltz is the Ceo of Spire Credit Union. The CEO's salary of Spire Credit Union is $1,384,767 and their total compensation is $1,703,521.


Official website here: www.myspire.com

What is the revenue of Spire Credit Union?

Spire Credit Union's revenue in 2022 was $89,487,429.


Official website here: www.myspire.com

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

The average compensation at Spire Credit Union during 2022 was $50,221. There are 488 employees and 13 volunteers at Spire Credit Union.


Here are 19 key members and their salaries (Spire Credit Union's CEO's salary is $1,384,767 and their total compensation is $1,703,521):


Dan Stoltz (Ceo)
  • Compensation: $1,384,767
  • Related: $0
  • Other: $318,754
Tom Heinzen (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynn Kothe (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Oehrlein (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Brucker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Taglia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Nimlos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cliff Wantz (Sr Vp Of Lending And Produ)
  • Compensation: $347,555
  • Related: $0
  • Other: $119,735
James Ganger (Sr Vp Relationship & Servi)
  • Compensation: $361,220
  • Related: $0
  • Other: $101,213
Justin Burleson (Svp/Chief Ops & Financial Officer)
  • Compensation: $388,429
  • Related: $0
  • Other: $120,635
Casey Carlson (Svp Chief Marketing Officer)
  • Compensation: $307,452
  • Related: $0
  • Other: $100,213
Paul Zyla (Svp/Chief Information Officer)
  • Compensation: $177,107
  • Related: $0
  • Other: $15,258
Tom Langseth (Investment Service Advisor)
  • Compensation: $480,120
  • Related: $0
  • Other: $32,574
Steve Carlson (Financial Executive)
  • Compensation: $233,004
  • Related: $0
  • Other: $31,390
Danielle Pfeifer (Vp Of Relationship & Service Experience)
  • Compensation: $199,209
  • Related: $0
  • Other: $39,672
Mary Doyle (Core Project Business Unit Coordinator)
  • Compensation: $193,862
  • Related: $0
  • Other: $29,540
Robin Grimes (Avp Real Estate Lending)
  • Compensation: $193,861
  • Related: $0
  • Other: $37,658


Official website here: www.myspire.com

Where can I find the form 990 for Spire Credit Union?

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


Official website here: www.myspire.com

Learn more at the official website: www.myspire.com

Mission Statement of Spire Credit Union

Spire Credit Union, a financial cooperative, is dedicated to enhancing the financial well-being of its member-owners. The mission of this financial institution is centered around providing competitive, high-quality financial services while maintaining a strong focus on safety and sound operations. By prioritizing the needs and interests of its members and employees, Spire Credit Union sets itself apart.

In practice, Spire Credit Union offers a variety of financial services designed to cater to the diverse needs of its members. These services include savings deposit accounts, checking accounts, new loan origination, and loan portfolio servicing. Through these offerings, the credit union aims to help its members achieve their financial goals and improve their overall financial well-being.

At the core of Spire Credit Union's operations is a commitment to delivering competitive and quality financial services. By focusing on the financial well-being of its members, Spire Credit Union distinguishes itself as a trusted financial partner. In pursuit of this goal, the credit union maintains a strong emphasis on safety and sound operations, ensuring that the financial services it provides are reliable and secure. The team at Spire Credit Union respects its members and employees, fostering a collaborative and supportive work environment that enables the organization to effectively serve its mission.

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Impact




October, 2024

Spire Credit Union significantly impacts its member-owners by enhancing their financial well-being through a range of personalized financial services. Located in Falcon Heights, MN, Spire provides essential offerings such as savings deposit services, checking accounts, and new loan origination, all tailored to meet the unique needs of its members.

With a commitment to competitive and quality financial solutions, Spire emphasizes safety and sound operational practices, ensuring that members can trust their financial institution. This financial cooperative prioritizes respect for both its members and employees, fostering a supportive community dedicated to improving financial literacy and stability. Through these efforts, Spire Credit Union plays a vital role in empowering individuals and strengthening the overall financial health of its community.




This information is meant to be a general summary of Spire 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
$89,487,429 (2022)
Expenses
$73,419,128 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5,230,569
  • Program Service Revenue: $84,256,860
  • Gross Receipts: $127,886,944

Assets and Liabilities:

  • Total Assets: $2,119,022,641
  • Total Liabilities: $1,968,832,994
  • Net Assets: $150,189,647

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Programs

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

LOAN INTEREST INCOME

Revenue

$53,788,744

OTHER OPERATING INCOME

Revenue

$20,788,315

FEE INCOME

Revenue

$9,679,801

Organization Details

Founding Year

1934

Principal Officer

Dan Stoltz

Main Address

2025 LARPENTEUR AVE W, FALCON HEIGHTS, MN, 55113

NTEE Category

Code: W60 - Public benefit

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