Spire Credit Union is headquartered in Falcon Heights and is the 5th largest credit union in the state of Minnesota. It is also the 254th largest credit union in the nation. It was established in 1934 and as of June of 2020, it had grown to 301 employees and 126,165 members at 21 locations. Spire Credit Union's money market rates are 70% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Spire Credit Union is open to all residents of Minnesota and Wisconsin, as well as the employees of the Credit Union, affiliated Select Employee Groups, and immediate family and household members of current Credit Union members.
See current membership details
Related Posts
Spire Credit Union - I Am a Fan!
My husband and I chose to move from a large, national bank last year to a local credit union, Spire. I had heard a lot of good things about Spire for a few years by this point, and we were tired of the poor customer service and other bad things happening with the bank we were with. I cannot say enough good things about our experience with Spire, from the process to move our accounts to them to the day to day experience we get now.
Spire made it a very smooth and easy process to open new accounts with them, and it was easy to get started. I am very pleased with lower fees than we had before, as well as a better interest rate for a savings account with a relatively small balance, which was not an option at the larger bank.
A big thing for me is customer service, and I cannot say enough about Spire in this area! They were welcoming and helpful from the first moment we walked through their doors, and they now greet both me and my husband by name when we walk into our local branch. They offer help with anything we need in regards to our accounts, and they often offer extra suggestions of how to use their services better or things to make things easier for us.
Waste Of Time For Small Business Owner.
It was a big disappointment when they promised a three to four day decision on a business loan they took seventeen days to give a answer. I don't believe their business lending department is up to expectations of a small business group.Especially if you are looking to borrow several hundred thousand dollars. They are not a good choice of lender in lending big money even with adequate collateral.. I should have never wasted my time with their overly conservative approach to my financial needs.Even with my excellent credit, long term business history and large account holder status was not any help. At the end they decided to refer me to their competitor. If you are self employed or a small business owner, I don't believe The Spire is the place for you.…
Terrible Bank-Not Worth It
Spire bank is horrible. The previous reviewer was absolutely correct. They have no idea what they are doing. None of them can tell you Spire policy information or do the right thing. They make mistakes, charge you for it and then when you call to point out the mistake and assert the right to have your money back they close your accounts. They don't want to hear complaints and when a customer lets them know about their screw ups, they will retaliate and complain about the fact that you complain. Very unprofessional. Charge you fees that you do not owe. Create reasons to charge you fees (losing your debit card in the mail, etc.) and then get mad when you make them fix it. What a horrible bank. Hopefully, they will go out of business and you won't have to ever deal with them.
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 as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68651 |
| Year Chartered | 1934 |
| Employees | 301 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.44% |
| Return on Equity - YTD | 5.07% |
| Annual Interest Income | $19.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $1.42B$1.12B |
| Loans | Q2 2020vs Q2 2019 | $1.01B$935.2MM |
| Deposits | Q2 2020vs Q2 2019 | $1.29B$1.01B |
| Equity Capital | Q2 2020vs Q2 2019 | $118.1MM$100.3MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $5.3MM$3.8MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $1.2MM$1.2MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$52.00K |
