BLAZE CREDIT UNION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- BLAZE CREDIT UNION (EIN 41-0585825)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-12
- IRS object ID
- 202413179349302381
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-12T10:44:20-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 109 N MAIN STREET SUITE 200 | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55912 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410585825 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SPIRE CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SPIR | BusinessNameControlTxt |
| Phone | 6512153500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2025 LARPENTEUR AVE W | AddressLine1Txt |
| City | FALCON HEIGHTS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55113 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JUSTIN BURLESON | PersonNm |
| Person Title | SVP/CFO | PersonTitleTxt |
| Phone | 6512153500 | PhoneNum |
| Signature | 2024-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TANYA MEDGAARDEN | PreparerPersonNm |
| PTIN | P01717240 | PTIN |
| Phone | 5074347000 | PhoneNum |
| Preparation | 2024-11-11 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DAN STOLTZ | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2025 LARPENTEUR AVE W | AddressLine1Txt |
| City | FALCON HEIGHTS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55113 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $153,418,566 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.MYSPIRE.COM | WebsiteAddressTxt |
| Type Of Organization Other | Yes (X) | TypeOfOrganizationOtherInd |
| Other Organization Dsc | CU | OtherOrganizationDsc |
| Formation | 1934 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | TO IMPROVE THE FINANCIAL WELL BEING OF OUR MEMBER-OWNERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 500 | TotalEmployeeCnt |
| Total Volunteers | 13 | TotalVolunteersCnt |
| Total Gross UBI | $662,953 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $82,208 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $84,256,860 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $104,138,622 | CYProgramServiceRevenueAmt |
| PY Investment Income | $5,230,569 | PYInvestmentIncomeAmt |
| CY Investment Income | $12,125,998 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $89,487,429 | PYTotalRevenueAmt |
| CY Total Revenue | $116,264,620 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $229,310 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $383,084 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $5,748,687 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $16,969,369 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $32,079,505 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $38,361,310 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $35,361,626 | PYOtherExpensesAmt |
| CY Other Expenses | $57,968,195 | CYOtherExpensesAmt |
| PY Total Expenses | $73,419,128 | PYTotalExpensesAmt |
| CY Total Expenses | $113,681,958 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $16,068,301 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,582,662 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,119,022,641 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,167,288,625 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,968,832,994 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,009,012,154 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $150,189,647 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $158,276,471 | NetAssetsOrFundBalancesEOYAmt |
| Mission | SPIRE CREDIT UNION IS A FINANCIAL COOPERATIVE COMMITTED TO PROVIDING COMPETITIVE, QUALITY FINANCIAL SERVICES WITH EMPHASIS ON SAFETY, SOUND OPERATIONS AND RESPECT FOR OUR MEMBERS AND EMPLOYEES. OUR PURPOSE: TO IMPROVE THE FINANCIAL WELL BEING OF OUR MEMBER-OWNERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | PROVIDING SAVINGS DEPOSIT SERVICES, CHECKING ACCOUNTS, ORIGINATING NEW LOANS, AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DIVIDENDS PAID TO MEMBERS ON 334,195 DEPOSIT ACCOUNTS HELD BY 159,335 MEMBERS TOTALING $16,969,368.91. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING MEMBERS ACCESS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS, AND IN PERSON AT THE CU OFFICE. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 44564 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 500 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | 0 | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JUSTIN BURLESON | PersonNm |
| Phone | 6512153500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2025 LARPENTEUR AVE W | AddressLine1Txt |
| City | FALCON HEIGHTS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55113 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| DAN STOLTZ | |||||||
| CEO | 40.00 | Yes (X) | Yes (X) | $1,598,130 | $0 | $65,422 | |
| TOM HEINZEN | |||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| LYNN KOTHE | |||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| BOB OEHRLEIN | |||||||
| SECRETARY/TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| LEE BRUCKER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CARL ANDERSON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PAUL MILLER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JIM TAGLIA | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JIM NIMLOS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CLIFF WANTZ | |||||||
| SR VP OF LENDING AND PRODU | 40.00 | Yes (X) | $459,585 | $0 | $107,444 | ||
| JAMES GANGER | |||||||
| SR VP RELATIONSHIP & SERVI | 40.00 | Yes (X) | $487,347 | $0 | $87,512 | ||
| JUSTIN BURLESON | |||||||
| SVP/CHIEF OPS & FINANCIAL OFFICER | 40.00 | Yes (X) | $689,771 | $0 | $104,927 | ||
| CASEY CARLSON | |||||||
| SVP CHIEF MARKETING OFFICER | 40.00 | Yes (X) | $423,821 | $0 | $86,441 | ||
| PAUL ZYLA | |||||||
| SVP/CHIEF INFORMATION OFFICER | 40.00 | Yes (X) | $398,559 | $0 | $94,529 | ||
| TOM LANGSETH | |||||||
| INVESTMENT SERVICE ADVISOR | 40.00 | $521,136 | $0 | $79,048 | Yes (X) | ||
| STEVE CARLSON | |||||||
| FINANCIAL EXECUTIVE | 40.00 | $238,476 | $0 | $79,306 | Yes (X) | ||
| DANIELLE PFEIFER | |||||||
| VP OF RELATIONSHIP & SERVICE EXPERIENCE | 40.00 | $243,578 | $0 | $65,208 | Yes (X) | ||
| LEWIS BUCKINGHAM | |||||||
| VP CARD & PRODUCT SERVICES | 40.00 | $254,593 | $0 | $26,955 | Yes (X) | ||
| WINDY MACZKO | |||||||
| WEALTH MANAGEMENT | 40.00 | $230,387 | $0 | $73,725 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $5,545,383 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $870,517 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 63 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| GREINER CONSTRUCTION INC | |||||
| 121 SOUTH 8TH ST SUITE 1200 | MINNEAPOLIS | MN | 55402 | BUILDING CONSTRUCTION | $6,499,165 |
| MEDIA BRIDGE ADVERTISING | |||||
| 212 3RD AVE N SUITE 140 | MINNEAPOLIS | MN | 55401 | ADVERTISING | $2,150,523 |
| ALKAMI TECHNOLOGY INC | |||||
| DEPT 2223 PO BOX 122223 | DALLAS | TX | 75312 | SOFTWARE-INTERNET BANKING | $1,973,477 |
| JACK HENRY & ASSOCIATES | |||||
| PO BOX 609 | MONETT | MO | 65708 | COMPUTER SYSTEMS HARDWARE AND SOFTWARE | $1,368,306 |
| ALCHEMY | |||||
| PO BOX 4356 DEPT 1928 | HOUSTON | TX | 77210 | COMPUTER SYSTEMS HARDWARE AND SOFTWARE | $841,475 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 53 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| LOAN INTEREST INCOME | 522100 | $67,795,407 | $67,330,603 | $464,804 |
| OTHER OPERATING INCOME | 522100 | $25,751,189 | $25,558,977 | $192,212 |
| FEE INCOME | 522100 | $10,592,026 | $10,586,089 | $5,937 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $104,138,622 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,778,454 | TotalRevenueColumnAmt |
| Exclusion | $11,778,454 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $13,021,550 | SecuritiesAmt |
| Other | $24,479,940 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $13,091,850 | SecuritiesAmt |
| Other | $24,062,096 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$70,300 | SecuritiesAmt |
| Other | $417,844 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $347,544 | TotalRevenueColumnAmt |
| Exclusion | $347,544 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $116,264,620 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $103,475,669 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $662,953 | UnrelatedBusinessRevenueAmt |
| Exclusion | $12,125,998 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $383,084 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,969,369 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,603,488 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,900,984 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,916,849 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,603,138 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,336,851 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $165,459 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $335,880 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,162,450 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,765,228 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $457,025 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,921,942 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,434,705 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,920 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| CREDIT LOSS EXPENSE | $8,500,000 |
| PROFESSIONAL & OUTSIDE | $6,706,461 |
| EDUCATIONAL & PROMOTION | $5,358,999 |
| LOAN SERVICING EXPENSES | $4,477,346 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,679,780 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $113,681,958 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,479,269 | BOYAmt |
| EOY | $20,809,966 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,310,332 | BOYAmt |
| EOY | $147,127,664 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,827,973 | BOYAmt |
| EOY | $1,315,133 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,162,524 | BOYAmt |
| EOY | $9,255,065 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,524,594,323 | BOYAmt |
| EOY | $1,485,667,627 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,180,865 | BOYAmt |
| EOY | $3,144,848 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $108,583,469 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $32,485,017 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $71,166,227 | BOYAmt |
| EOY | $76,098,452 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $169,933,647 | BOYAmt |
| EOY | $154,802,752 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $246,038,789 | BOYAmt |
| EOY | $213,035,871 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,328,692 | BOYAmt |
| EOY | $56,031,247 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,119,022,641 | BOYAmt |
| EOY | $2,167,288,625 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,856,605 | BOYAmt |
| EOY | $24,536,822 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,949,976,389 | BOYAmt |
| EOY | $1,984,475,332 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,968,832,994 | BOYAmt |
| EOY | $2,009,012,154 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,189,647 | BOYAmt |
| EOY | $158,276,471 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,189,647 | BOYAmt |
| EOY | $158,276,471 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,119,022,641 | BOYAmt |
| EOY | $2,167,288,625 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $2,582,662 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $5,504,162 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $27,832,394 | OtherCostOrOtherBasisAmt |
| Book Value | $27,832,394 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $55,101,404 | OtherCostOrOtherBasisAmt |
| Depreciation | $20,524,421 | DepreciationAmt |
| Book Value | $34,576,983 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $227,061 | OtherCostOrOtherBasisAmt |
| Depreciation | $130,198 | DepreciationAmt |
| Book Value | $96,863 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,096,092 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,184,029 | DepreciationAmt |
| Book Value | $2,912,063 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $19,326,518 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,646,369 | DepreciationAmt |
| Book Value | $10,680,149 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $76,098,452 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| SECURITIES - HTM | $206,514,579 | C |
| SECURITIES - EQUITY | $6,521,292 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $213,035,871 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| MEMBER SHARES | $1,961,184,218 |
| NONMEMBER DEPOSITS | $23,291,114 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,984,475,332 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | PART X: AS ALLOWED BY STATE REGULATORY AUTHORITIES, THE AUDIT IS DONE AS OF JUNE 30. THE REPORTING PERIOD FOR THE AUDIT, THEREFORE, DOES NOT MATCH THE REPORTING PERIOD FOR THE 990. PER FOOTNOTE 1 IN THE CREDIT UNION'S JUNE 30, 2023 FINANCIAL STATEMENTS, THE CREDIT UNION IS EXEMPT, UNDER IRC 501 (C) (14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF JUNE 30, 2023 AND 2022. THE CREDIT UNION'S 2020 AND LATER TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. THE CUSO (ROCHDALE AGENCY), HOWEVER, IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE SUBSIDIARY HAS FILED TAX RETURNS IN THE PAST. THE SUBSIDIARY HAS EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF JUNE 30, 2023 AND 2022. THE SUBSIDIARY'S TAX YEARS 2020 AND FORWARD ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (16 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| BESTPREP | ||||||||
| 7100 NORTHLAND CIRCLE N 306 | BROOKLYN PARK | MN | 55428 | 411265355 | 501(C)3 | $7,565 | $0 | EVENT SPONSORSHIPS |
| COMO FRIENDS | ||||||||
| 1225 ESTABROOK DRIVE | ST PAUL | MN | 55103 | 411943928 | 501(C)3 | $32,750 | $0 | EVENT SPONSORSHIP/DONATION |
| REGIONS HOSPITAL FOUNDATION | ||||||||
| 640 JACKSON ST - MS11202C | ST PAUL | MN | 55101 | 411888902 | 501(C)3 | $42,111 | $0 | DONATION |
| SALVATION ARMY - NORTHERN DIVISION | ||||||||
| 2445 PRIOR AVE N | ROSEVILLE | MN | 55113 | 410698597 | 501(C)3 | $10,825 | $0 | DONATION |
| SECONDHAND HOUNDS | ||||||||
| 5959 BAKER ROAD SUITE 390 | MINNETONKA | MN | 55345 | 271296550 | 501(C)3 | $30,000 | $0 | EVENT SPONSORSHIP/DONATION |
| SPECIAL OLYMPICS MINNESOTA | ||||||||
| 900 2ND AVE S STE 300 | MINNEAPOLIS | MN | 55402 | 411228157 | 501(C)3 | $9,500 | $0 | DONATION |
| UNIVERSITY OF MN FOUNDATION | ||||||||
| 200 OAK ST SE SUITE 500 | MINNEAPOLIS | MN | 55455 | 416042488 | 501(C)3 | $13,000 | $0 | DONATIONS/PROGRAM SPONSORSHIP/ EVENT SPONSORSHIP |
| AMERICAN CANCER SOCIETY MINNESOTA | ||||||||
| 950 BLUE GENTIAN RD - SUITE 100 | EAGAN | MN | 55121 | 131788491 | 501(C)3 | $7,583 | $0 | EVENT SPONSORSHIP/DONATION |
| BECAUSE I SAID I WOULD | ||||||||
| PO BOX 391 | AVON | OH | 44011 | 461262736 | 501(C)3 | $10,000 | $0 | DONATION |
| CHILDREN'S CANCER RESEARCH FUND | ||||||||
| 1650 W 82ND ST - SUITE 400 | MINNEAPOLIS | MN | 55428 | 411893645 | 501(C)3 | $15,000 | $0 | EVENT SPONSORSHIP |
| CIRCUS JUVENTAS | ||||||||
| 1270 MONTREAL AVE | ST PAUL | MN | 55116 | 411856160 | 501(C)3 | $8,000 | $0 | EVENT SPONSORSHIP |
| HANDS ON TWIN CITIES | ||||||||
| 672 TRANSFER RD | ST PAUL | MN | 55114 | 410694710 | 501(C)3 | $5,750 | $0 | VOLUNTEER SPONSORSHIP |
| HIWAY CREDIT UNION FOUNDATION | ||||||||
| 840 WESTMINSTER ST | ST PAUL | MN | 55130 | 814112454 | 501(C)3 | $55,000 | $0 | DONATION/EVENT SPONSORSHIP |
| JULIE AND KIRK COUSINS FOUNDATION | ||||||||
| 99 E 8TH ST - SUITE 300 | HOLLAND | MI | 49423 | 830555966 | 501(C)3 | $51,000 | $0 | DONATIONS |
| LEWIS SPORTS FOUNDATION | ||||||||
| PO BOX 46451 | EDEN PRAIRIE | MN | 55344 | 411928659 | 501(C)3 | $10,000 | $0 | DONATION |
| UNITED HEROES LEAGUE | ||||||||
| 15211 RAVENNA TRAIL | HASTINGS | MN | 55033 | 270711063 | 501(C)3 | $20,000 | $0 | DONATION |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 16 | Total501c3OrgCnt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAN STOLTZ | ||||||||||||||
| CEO | $805,540 | $0 | $505,422 | $0 | $287,168 | $0 | $35,800 | $0 | $29,622 | $0 | $1,663,552 | $0 | $0 | $0 |
| JUSTIN BURLESON | ||||||||||||||
| SVP/CHIEF OPS & FINANCIAL OFFICER | $294,405 | $0 | $173,001 | $0 | $222,365 | $0 | $64,800 | $0 | $40,127 | $0 | $794,698 | $0 | $0 | $0 |
| TOM LANGSETH | ||||||||||||||
| INVESTMENT SERVICE ADVISOR | $79,285 | $0 | $440,420 | $0 | $1,431 | $0 | $49,800 | $0 | $29,248 | $0 | $600,184 | $0 | $0 | $0 |
| JAMES GANGER | ||||||||||||||
| SR VP RELATIONSHIP & SERVI | $301,855 | $0 | $152,286 | $0 | $33,206 | $0 | $72,300 | $0 | $15,212 | $0 | $574,859 | $0 | $0 | $0 |
| CLIFF WANTZ | ||||||||||||||
| SR VP OF LENDING AND PRODU | $294,904 | $0 | $159,572 | $0 | $5,109 | $0 | $64,800 | $0 | $42,644 | $0 | $567,029 | $0 | $0 | $0 |
| CASEY CARLSON | ||||||||||||||
| SVP CHIEF MARKETING OFFICER | $263,874 | $0 | $138,961 | $0 | $20,986 | $0 | $72,300 | $0 | $14,141 | $0 | $510,262 | $0 | $0 | $0 |
| PAUL ZYLA | ||||||||||||||
| SVP/CHIEF INFORMATION OFFICER | $224,971 | $0 | $155,062 | $0 | $18,526 | $0 | $66,935 | $0 | $27,594 | $0 | $493,088 | $0 | $0 | $0 |
| STEVE CARLSON | ||||||||||||||
| FINANCIAL EXECUTIVE | $79,231 | $0 | $158,447 | $0 | $798 | $0 | $39,910 | $0 | $39,396 | $0 | $317,782 | $0 | $0 | $0 |
| DANIELLE PFEIFER | ||||||||||||||
| VP OF RELATIONSHIP & SERVICE EXPERIE | $167,282 | $0 | $53,232 | $0 | $23,064 | $0 | $22,186 | $0 | $43,022 | $0 | $308,786 | $0 | $0 | $0 |
| WINDY MACZKO | ||||||||||||||
| WEALTH MANAGEMENT | $79,050 | $0 | $150,069 | $0 | $1,268 | $0 | $44,477 | $0 | $29,248 | $0 | $304,112 | $0 | $0 | $0 |
| LEWIS BUCKINGHAM | ||||||||||||||
| VP CARD & PRODUCT SERVICES | $159,111 | $0 | $94,711 | $0 | $771 | $0 | $25,535 | $0 | $1,420 | $0 | $281,548 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4B | FormAndLineReferenceDesc |
| Explanation | PARTICIPATED IN 457 (F) AND 457 NG PLANS: DAN STOLTZ JUSTIN BURLESON CASEY CARLSON JAMES GANGER CLIFF WANTZ PARTICIPATED IN 457 NG PAUL ZYLA | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAN STOLTZ | PersonNm |
| Relationship With Org | CEO | RelationshipWithOrgTxt |
| Loan Purpose | SPLIT DOLLAR LOAN | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $8,866,000 | OriginalPrincipalAmt |
| Balance Due | $9,255,065 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $9,255,065 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERNANCE AND VOTING RIGHTS AT THE ANNUAL MEETINGS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBER-OWNERS OF THE CREDIT UNION HAVE THE AUTHORITY TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS FOR THREE-YEAR TERMS ON A ROTATING BASIS. CANDIDATES ARE ELECTED BY A SIMPLE PLURALITY VOTE. THE SUPERVISORY COMMITTEE IS APPOINTED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | ANY CHANGES TO THE ENTITY'S BYLAWS NEED TO BE APPROVED BY THE MEMBERSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 WILL BE REVIEWED PRIOR TO SUBMISSION BY MANAGEMENT INCLUDING THE CFO. |
| FORM 990, PART VI, SECTION B, LINE 12C | A LISTING OF RELATED BUSINESSES ARE PROVIDED TO BOARD MEMBERS AND THEY ARE ASKED TO REVIEW AND SIGN OFF ANNUALLY. |
| FORM 990, PART VI, SECTION B, LINE 15 | HR PROVIDES THE BOARD SUBCOMMITTEE ANNUAL SURVEY DATA FROM A 3RD PARTY, BALANCED COMP, WHICH DETAILS BOTH EXECUTIVE AND STAFF COMPENSATION. THE BOARD DETERMINES THE CEO COMPENSATION, AND THE CEO DETERMINES SENIOR MANAGEMENT COMPENSATION. THE SENIOR MANAGEMENT TEAM WORKS WITH HR'S 3RD PARTY (BALANCED COMP) RECOMMENDATIONS TO SET SALARY STRUCTURE EACH YEAR AND APPROVES MERIT BUDGET POOL AND INDIVIDUAL INCREASES PER GUIDELINES, WITH CEO SIGNING OFF ON FINAL BUDGET AND SALARY REVIEWS. BUDGETS ARE FINALIZED IN DECEMBER AND FINAL SALARY REVIEWS IN MARCH OF EACH YEAR. IN ADDITION TO PROVIDING COMPETITIVE SALARY DATA, THE 3RD PARTY, BALANCED COMP, PROVIDES COMPA-RATIOS FOR ALL POSTITIONS/PERSONS INDIVIDUALLY, BY POSITION, DEPARTMENT. SALARY RANGES, COMPA RATIO BY POSITION AND PERSON ARE CONSIDERED FOR ALL STATUS CHANGES DURING THE YEAR AND AT ANNUAL SALARY REVIEWS. SENIOR MANAGEMENT REVIEWS ROLL UP DATA BY DEPARTMENT AND ACROSS REGIONS AS WELL ON AN ANNUAL BASIS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. |
| FORM 990, PART VI, SECTION C, LINE 19 | NCUA SHARES DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE POSTED IN THE CU BRANCHES MONTHLY. |
| FORM 990, PART XII, LINE 2B | AUDITED FINANCIAL STATEMENTS - THE AUDIT WAS DONE AS OF 6/30. THEREFORE, THE REPORTING PERIOD FOR THE AUDIT DOES NOT MATCH THE REPORTING PERIOD FOR THE 990. |
| FORM 990, PART XII, LINE 2C: | THE SUPERVISORY COMMITTEE OVERSEES THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROCHDALE AGENCY INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2025 LARPENTEUR AVE | AddressLine1Txt |
| City | FALCON HEIGHTS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55113 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410709699 | EIN |
| Primary Activities | INSURANCE | PrimaryActivitiesTxt |
| Legal Domicile State | MN | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SPIRE CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of EOY Assets | $10 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |