2024-11-12T10:44:20-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2023-01-01 410585825 SPIRE CREDIT UNION SPIR 6512153500 2025 LARPENTEUR AVE W FALCON HEIGHTS MN 55113 JUSTIN BURLESON SVP/CFO 6512153500 2024-11-11 1 0 TANYA MEDGAARDEN P01717240 5074347000 2024-11-11 2023 2024-10-15 13:58:12Z DAN STOLTZ 2025 LARPENTEUR AVE W FALCON HEIGHTS MN 55113 153418566 0 X WWW.MYSPIRE.COM X CU 1934 MN TO IMPROVE THE FINANCIAL WELL BEING OF OUR MEMBER-OWNERS. 9 8 500 13 662953 82208 0 0 84256860 104138622 5230569 12125998 0 0 89487429 116264620 229310 383084 5748687 16969369 32079505 38361310 0 0 0 35361626 57968195 73419128 113681958 16068301 2582662 2119022641 2167288625 1968832994 2009012154 150189647 158276471 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. 0 0 PROVIDING SAVINGS DEPOSIT SERVICES, CHECKING ACCOUNTS, ORIGINATING NEW LOANS, AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS. DIVIDENDS PAID TO MEMBERS ON 334,195 DEPOSIT ACCOUNTS HELD BY 159,335 MEMBERS TOTALING $16,969,368.91. RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING MEMBERS ACCESS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS, AND IN PERSON AT THE CU OFFICE. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 44564 0 1 500 1 1 1 0 0 0 0 0 1 0 X 9 8 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 MN X JUSTIN BURLESON 6512153500 2025 LARPENTEUR AVE W FALCON HEIGHTS MN 55113 DAN STOLTZ CEO 40.00 X X 1598130 0 65422 TOM HEINZEN CHAIR 1.00 X X 0 0 0 LYNN KOTHE VICE CHAIR 1.00 X X 0 0 0 BOB OEHRLEIN SECRETARY/TREASURER 1.00 X X 0 0 0 LEE BRUCKER DIRECTOR 1.00 X 0 0 0 CARL ANDERSON DIRECTOR 1.00 X 0 0 0 PAUL MILLER DIRECTOR 1.00 X 0 0 0 JIM TAGLIA DIRECTOR 1.00 X 0 0 0 JIM NIMLOS DIRECTOR 1.00 X 0 0 0 CLIFF WANTZ SR VP OF LENDING AND PRODU 40.00 X 459585 0 107444 JAMES GANGER SR VP RELATIONSHIP & SERVI 40.00 X 487347 0 87512 JUSTIN BURLESON SVP/CHIEF OPS & FINANCIAL OFFICER 40.00 X 689771 0 104927 CASEY CARLSON SVP CHIEF MARKETING OFFICER 40.00 X 423821 0 86441 PAUL ZYLA SVP/CHIEF INFORMATION OFFICER 40.00 X 398559 0 94529 TOM LANGSETH INVESTMENT SERVICE ADVISOR 40.00 X 521136 0 79048 STEVE CARLSON FINANCIAL EXECUTIVE 40.00 X 238476 0 79306 DANIELLE PFEIFER VP OF RELATIONSHIP & SERVICE EXPERIENCE 40.00 X 243578 0 65208 LEWIS BUCKINGHAM VP CARD & PRODUCT SERVICES 40.00 X 254593 0 26955 WINDY MACZKO WEALTH MANAGEMENT 40.00 X 230387 0 73725 5545383 0 870517 63 0 1 0 GREINER CONSTRUCTION INC 121 SOUTH 8TH ST SUITE 1200 MINNEAPOLIS MN 55402 BUILDING CONSTRUCTION 6499165 MEDIA BRIDGE ADVERTISING 212 3RD AVE N SUITE 140 MINNEAPOLIS MN 55401 ADVERTISING 2150523 ALKAMI TECHNOLOGY INC DEPT 2223 PO BOX 122223 DALLAS TX 75312 SOFTWARE-INTERNET BANKING 1973477 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 COMPUTER SYSTEMS HARDWARE AND SOFTWARE 1368306 ALCHEMY PO BOX 4356 DEPT 1928 HOUSTON TX 77210 COMPUTER SYSTEMS HARDWARE AND SOFTWARE 841475 53 LOAN INTEREST INCOME 522100 67795407 67330603 464804 OTHER OPERATING INCOME 522100 25751189 25558977 192212 FEE INCOME 522100 10592026 10586089 5937 104138622 11778454 11778454 13021550 24479940 13091850 24062096 -70300 417844 347544 347544 116264620 103475669 662953 12125998 383084 16969369 4603488 24900984 1916849 4603138 2336851 165459 335880 13162450 3765228 457025 4921942 6434705 2920 CREDIT LOSS EXPENSE 8500000 PROFESSIONAL & OUTSIDE 6706461 EDUCATIONAL & PROMOTION 5358999 LOAN SERVICING EXPENSES 4477346 3679780 113681958 19479269 20809966 24310332 147127664 1827973 1315133 9162524 9255065 1524594323 1485667627 2180865 3144848 108583469 32485017 71166227 76098452 169933647 154802752 246038789 213035871 50328692 56031247 2119022641 2167288625 18856605 24536822 1949976389 1984475332 1968832994 2009012154 X 0 0 0 0 150189647 158276471 150189647 158276471 2119022641 2167288625 2582662 5504162 0 X X 0 0 1 0 27832394 27832394 55101404 20524421 34576983 227061 130198 96863 6096092 3184029 2912063 19326518 8646369 10680149 76098452 SECURITIES - HTM 206514579 C SECURITIES - EQUITY 6521292 F 213035871 MEMBER SHARES 1961184218 NONMEMBER DEPOSITS 23291114 1984475332 X PART X, LINE 2: 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. 1 BESTPREP 7100 NORTHLAND CIRCLE N 306 BROOKLYN PARK MN 55428 411265355 501(C)3 7565 0 EVENT SPONSORSHIPS COMO FRIENDS 1225 ESTABROOK DRIVE ST PAUL MN 55103 411943928 501(C)3 32750 0 EVENT SPONSORSHIP/DONATION REGIONS HOSPITAL FOUNDATION 640 JACKSON ST - MS11202C ST PAUL MN 55101 411888902 501(C)3 42111 0 DONATION SALVATION ARMY - NORTHERN DIVISION 2445 PRIOR AVE N ROSEVILLE MN 55113 410698597 501(C)3 10825 0 DONATION SECONDHAND HOUNDS 5959 BAKER ROAD SUITE 390 MINNETONKA MN 55345 271296550 501(C)3 30000 0 EVENT SPONSORSHIP/DONATION SPECIAL OLYMPICS MINNESOTA 900 2ND AVE S STE 300 MINNEAPOLIS MN 55402 411228157 501(C)3 9500 0 DONATION UNIVERSITY OF MN FOUNDATION 200 OAK ST SE SUITE 500 MINNEAPOLIS MN 55455 416042488 501(C)3 13000 0 DONATIONS/PROGRAM SPONSORSHIP/ EVENT SPONSORSHIP AMERICAN CANCER SOCIETY MINNESOTA 950 BLUE GENTIAN RD - SUITE 100 EAGAN MN 55121 131788491 501(C)3 7583 0 EVENT SPONSORSHIP/DONATION BECAUSE I SAID I WOULD PO BOX 391 AVON OH 44011 461262736 501(C)3 10000 0 DONATION CHILDREN'S CANCER RESEARCH FUND 1650 W 82ND ST - SUITE 400 MINNEAPOLIS MN 55428 411893645 501(C)3 15000 0 EVENT SPONSORSHIP CIRCUS JUVENTAS 1270 MONTREAL AVE ST PAUL MN 55116 411856160 501(C)3 8000 0 EVENT SPONSORSHIP HANDS ON TWIN CITIES 672 TRANSFER RD ST PAUL MN 55114 410694710 501(C)3 5750 0 VOLUNTEER SPONSORSHIP HIWAY CREDIT UNION FOUNDATION 840 WESTMINSTER ST ST PAUL MN 55130 814112454 501(C)3 55000 0 DONATION/EVENT SPONSORSHIP JULIE AND KIRK COUSINS FOUNDATION 99 E 8TH ST - SUITE 300 HOLLAND MI 49423 830555966 501(C)3 51000 0 DONATIONS LEWIS SPORTS FOUNDATION PO BOX 46451 EDEN PRAIRIE MN 55344 411928659 501(C)3 10000 0 DONATION UNITED HEROES LEAGUE 15211 RAVENNA TRAIL HASTINGS MN 55033 270711063 501(C)3 20000 0 DONATION 16 X X X X 0 1 0 DAN STOLTZ CEO 805540 0 505422 0 287168 0 35800 0 29622 0 1663552 0 0 0 JUSTIN BURLESON SVP/CHIEF OPS & FINANCIAL OFFICER 294405 0 173001 0 222365 0 64800 0 40127 0 794698 0 0 0 TOM LANGSETH INVESTMENT SERVICE ADVISOR 79285 0 440420 0 1431 0 49800 0 29248 0 600184 0 0 0 JAMES GANGER SR VP RELATIONSHIP & SERVI 301855 0 152286 0 33206 0 72300 0 15212 0 574859 0 0 0 CLIFF WANTZ SR VP OF LENDING AND PRODU 294904 0 159572 0 5109 0 64800 0 42644 0 567029 0 0 0 CASEY CARLSON SVP CHIEF MARKETING OFFICER 263874 0 138961 0 20986 0 72300 0 14141 0 510262 0 0 0 PAUL ZYLA SVP/CHIEF INFORMATION OFFICER 224971 0 155062 0 18526 0 66935 0 27594 0 493088 0 0 0 STEVE CARLSON FINANCIAL EXECUTIVE 79231 0 158447 0 798 0 39910 0 39396 0 317782 0 0 0 DANIELLE PFEIFER VP OF RELATIONSHIP & SERVICE EXPERIE 167282 0 53232 0 23064 0 22186 0 43022 0 308786 0 0 0 WINDY MACZKO WEALTH MANAGEMENT 79050 0 150069 0 1268 0 44477 0 29248 0 304112 0 0 0 LEWIS BUCKINGHAM VP CARD & PRODUCT SERVICES 159111 0 94711 0 771 0 25535 0 1420 0 281548 0 0 0 PART I, LINE 4B PARTICIPATED IN 457 (F) AND 457 NG PLANS: DAN STOLTZ JUSTIN BURLESON CASEY CARLSON JAMES GANGER CLIFF WANTZ PARTICIPATED IN 457 NG PAUL ZYLA DAN STOLTZ CEO SPLIT DOLLAR LOAN X 8866000 9255065 0 1 1 9255065 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. ROCHDALE AGENCY INC 2025 LARPENTEUR AVE FALCON HEIGHTS MN 55113 410709699 INSURANCE MN SPIRE CREDIT UNION C 10 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0