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Overview / Commentary
Falcon Heights, MN 55113

Spire Credit Union is headquartered in Falcon Heights and is the 8th largest credit union in the state of Minnesota. It is also the 364th largest credit union in the nation. It was established in 1934 and as of March of 2014, it had grown to 133 employees and 65,112 members. Spire Credit Union has a A health rating.

Field of Membership Restrictions

Must live in Minnesota or Wisconsin. Also open to employees of several Select Employee Groups. - See Details

Reviews (1)

Biggest Waste Of Time

These idiots have no idea what they are doing.  I spoke with a representative, and she didn't know what a secured loan was, and she wasted a week and a half of my time while she tried to process my car loan.  Eventually, I couldn't wait any longer so I just told them to forget it, called Wells Fargo and had things done in 2 days.  Save yourself the trip and find a different bank.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Spire Credit Union had $941,000 in non-current loans and owned real-estate with $52.05 million in equity and loan loss allowances on hand to cover it. This gives Spire Credit Union a Texas Ratio of 1.81% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Spire Credit Union decreased dramatically from 4.41% as of March 31, 2013 to 1.81% as of March 31, 2014, resulting in a positive change of 59.02%.This indicates that the balance sheet and financial strength for Spire Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Spire Credit Union has increased its total deposits by $19.82 million, resulting in 3.58% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Spire Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Spire Credit Union has $626.17 million in assets with $52.05 million in equity, resulting in a capitalization level of 8.31%, which is average.

Institution Statistics

NCUA #24356
Year Chartered1934
Primary Regulator
Assets and Liabilities
Assets$626.17 million
Loans$411.10 million
Deposits$574.01 million
Equity Capital$48.78 million
Loan Loss Allowance$3.27 million
Unbacked Noncurrent Loans$662,000
Real Estate Owned$279,000
Historic Data - March 2013
Assets$603.63 million
Equity Capital$46.91 million
Loan Loss Allowance$4.56 million
Unbacked Noncurrent Loans$662,000
Real Estate Owned$806,000
Profit Margin - Quarterly
Net Interest Margin0.87%
Return on Assets0.73%
Return on Equity9.32%
Interest Income$4.46 million

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Spire Credit Union Savings Account Rates

0.15%--Holiday Savings Club
0.15%--Budget Savings
0.15%--Panda Pal Club
0.15%--Teen Savings
0.15%--Business Budget Savings
0.10%$2k-Share Savings
0.10%--Health Savings Account
0.10%$2k-Business Savings
0.10%--Business HSA Savings
0.10%--HSA Business Checking
0.10%--HSA Checking

Spire Credit Union Money Market Rates

0.25%$50k-Money Market
0.25%$50k-IRA Money Market
0.25%$50k-Business Money Market

Spire Credit Union Checking Account Rates

0.10%$2k-55 Plus
0.10%$5k-Premium Business Checking
0.05%$2k-Checking Plus
0.05%$1,500-Preferred Business Checking

Spire Credit Union CD Rates

1.25%$10k-60 Month Premium CD
1.25%$10k-Business 60 Month Premium CD
1.15%$500-60 Month CD
1.15%$500-Business 60 Month CD
1.00%$10k-48 Month Premium CD
1.00%$10k-Business 48 Month Premium CD
0.90%$500-48 Month CD
0.90%$500-Business 48 Month CD
0.75%$10k-36 Month Premium CD
0.75%$100k-36 Month Jumbo CD
0.75%$100k-Business 36 Month Jumbo CD
0.75%$10k-Business 36 Month Premium CD
0.65%$500-36 Month CD
0.65%$500-Business 36 Month CD
0.60%$10k-27 Month Premium CD
0.60%$10k-Business 27 Month Premium CD
0.50%$500-27 Month CD
0.50%$10k-24 Month Premium CD
0.50%$100k-24 Month Jumbo CD
0.50%$100k-Business 24 Month Jumbo CD
0.50%$10k-Business 24 Month Premium CD
0.50%$500-Business 27 Month CD
0.40%$500-24 Month CD
0.40%$10k-18 Month Premium CD
0.40%$10k-Business 18 Month Premium CD
0.40%$500-Business 24 Month CD
0.30%$500-18 Month CD
0.30%$10k-12 Month Premium CD
0.30%$100k-12 Month Jumbo CD
0.30%$100k-Business 12 Month Jumbo CD
0.30%$10k-Business 12 Month Premium CD
0.30%$500-Business 18 Month CD
0.25%$10k-6 Month Premium CD
0.25%$10k-Business 6 Month Premium CD
0.20%$500-12 Month CD
0.20%$10k-3 Month Premium CD
0.20%$10k-Business 3 Month Premium CD
0.20%$500-Business 12 Month CD
0.15%$500-6 Month CD
0.15%$500-Business 6 Month CD
0.10%$500-3 Month CD
0.10%$500-Business 3 Month CD

Spire Credit Union has 11 locations. Click to view all Spire Credit Union locations.