2023-11-02T09:39:54-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2022-01-01 410585825 SPIRE CREDIT UNION SPIR 6512153500 2025 LARPENTEUR AVE W FALCON HEIGHTS MN 55113 JUSTIN BURLESON SVP/CHIEF OPERATING AND FINAN 6512153500 2023-10-16 1 JUSTIN BURLESON 999009999 0 TANYA MEDGAARDEN P01717240 5074347000 2023-10-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAN STOLTZ 2025 LARPENTEUR AVE W FALCON HEIGHTS MN 55113 127886944 0 X WWW.MYSPIRE.COM X CU 1934 MN TO IMPROVE THE FINANCIAL WELL BEING OF OUR MEMBER-OWNERS. 9 8 488 13 799120 6855 0 0 78173098 84256860 3132095 5230569 0 0 81305193 89487429 67366 229310 3539131 5748687 28800563 32079505 0 0 0 28153192 35361626 60560252 73419128 20744941 16068301 1948614361 2119022641 1799300204 1968832994 149314157 150189647 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 316,346 DEPOSIT ACCOUNTS HELD BY 154,549 MEMBERS TOTALING $5,748,687. 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 40702 0 1 488 1 1 1 0 0 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 1384767 0 318754 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 347555 0 119735 JAMES GANGER SR VP RELATIONSHIP & SERVI 40.00 X 361220 0 101213 JUSTIN BURLESON SVP/CHIEF OPS & FINANCIAL OFFICER 40.00 X 388429 0 120635 CASEY CARLSON SVP CHIEF MARKETING OFFICER 40.00 X 307452 0 100213 PAUL ZYLA SVP/CHIEF INFORMATION OFFICER 40.00 X 177107 0 15258 TOM LANGSETH INVESTMENT SERVICE ADVISOR 40.00 X 480120 0 32574 STEVE CARLSON FINANCIAL EXECUTIVE 40.00 X 233004 0 31390 DANIELLE PFEIFER VP OF RELATIONSHIP & SERVICE EXPERIENCE 40.00 X 199209 0 39672 MARY DOYLE CORE PROJECT BUSINESS UNIT COORDINATOR 40.00 X 193862 0 29540 ROBIN GRIMES AVP REAL ESTATE LENDING 40.00 X 193861 0 37658 4266586 0 946642 56 0 1 0 GREINER CONSTRUCTION 121 SOUTH 8TH ST SUITE 1200 MINNEAPOLIS MN 55402 CONSTRUCTION-BUILDINGS 9277994 ALKAMI TECHNOLOGY INC DEPT 2223 PO BOX 122223 DALLAS TX 75312 DATA PROCESSING PRODUCTS AND TESTING 1623471 MEDIA BRIDGE 212 3RD AVE N SUITE 140 MINNEAPOLIS MN 55401 ADVERTISING 1272190 JACK HENRY AND ASSOCIATES INC PO BOX 609 MONETT MO 65708 COMPUTER SYSTEMS SOFTWARE/HARDWARE AND M 1158714 CASE AND ASSOCIATES 701 WEAVER BLVD ANOKA MN 55303 CASH MACHINES PRODUCTS AND SERVICES 830087 48 LOAN INTEREST INCOME 522100 53788744 53174623 614121 OTHER OPERATING INCOME 522100 20788315 20608435 179880 FEE INCOME 522100 9679801 9674682 5119 84256860 4516026 4516026 13165643 25948415 13288181 25111334 -122538 837081 714543 714543 89487429 83457740 799120 5230569 229310 5748687 5137909 19369786 3557349 2044472 1969989 235560 332000 9879849 3460659 411889 126508 3542695 1647 PROFESSIONAL & OUTSIDE 5019818 LOAN SERVICING EXPENSES 4353288 EDUCATIONAL & PROMOTION 3656172 PROVISION FOR LOAN LOSS 3070000 1271541 73419128 17030028 19479269 114852694 24310332 1703536 1827973 9070908 9162524 1266603059 1524594323 1603346 2180865 99723275 28557048 59352051 71166227 173057790 169933647 229683604 246038789 75657345 50328692 1948614361 2119022641 13171618 18856605 1786128586 1949976389 1799300204 1968832994 X 0 0 0 0 149314157 150189647 149314157 150189647 1948614361 2119022641 X 16068301 -15983718 790907 X X 0 0 0 23706305 23706305 52238379 19848281 32390098 385039 217694 167345 5508549 2504371 3004178 17885003 5986702 11898301 71166227 SECURITIES - HTM 238284585 C SECURITIES - EQUITY 7754204 F 246038789 MEMBER SHARES 1915123756 NONMEMBER DEPOSITS 34852633 1949976389 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, 2022 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, 2022 AND 2021. THE CREDIT UNION'S 2019 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, 2022 AND 2021. THE SUBSIDIARY'S TAX YEARS 2019 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 6100 0 EVENT SPONSORSHIPS COMO FRIENDS 1225 ESTABROOK DRIVE ST PAUL MN 55103 411943928 501(C)3 31200 0 DONATION THE FRIENDS OF THE ST PAUL LIBRARY 332 MINNESOTA ST SUITE W1420 ST PAUL MN 55101 416029683 501(C)3 16000 0 EVENT SPONSORSHIP/DONATION HIGHLAND FRIENDSHIP CLUB PO BOX 16437 ST PAUL MN 55116 411708179 501(C)3 6500 0 EVENT SPONSORSHIP/DONATION HUNGER RELATED EVENTS 5100 EDEN AVE STE 103 EDINA MN 55435 411760359 501(C)3 6000 0 EVENT SPONSORSHIP OPPORTUNITY PARTNERS 5500 OPPORTUNITY COURT MINNETONKA MN 55343 410737221 501(C)3 6000 0 EVENT SPONSORSHIP/DONATION PAGEANT OF HOPE 3351 120TH CIRCLE NE BLAINE MN 55449 271345957 501(C)3 5250 0 EVENT SPONSORSHIP REGIONS HOSPITAL FOUNDATION 640 JACKSON ST - MS11202C ST PAUL MN 55101 411888902 501(C)3 45340 0 DONATION SALVATION ARMY - NORTHERN DIVISION 2445 PRIOR AVE N ROSEVILLE MN 55113 410698597 501(C)3 5100 0 DONATION SANNEH FOUNDATION 1276 UNIVERSITY AVE W ST PAUL MN 55104 562332269 501(C)3 6150 0 EVENT SPONSORSHIP/DONATION SECONDHAND HOUNDS 5959 BAKER ROAD SUITE 390 MINNETONKA MN 55345 271296550 501(C)3 31000 0 EVENT SPONSORSHIP/DONATION SPECIAL OLYMPICS MINNESOTA 900 2ND AVE S STE 300 MINNEAPOLIS MN 55402 411228157 501(C)3 6100 0 DONATION TWIN CITIES HABITAT FOR HUMANITY 1954 UNIVERSITY AVE W ST PAUL MN 55104 363363171 501(C)3 5070 0 EVENT SPONSORSHIP/DONATION WOODBURY COMMUNITY FOUNDATION 724 BIELENBERG DR SUITE 129 WOODBURY MN 55125 721592506 501(C)3 8500 0 EVENT SPONSORSHIP/DONATION 14 X X X X 0 1 0 DAN STOLTZ CEO 636905 0 193535 0 554327 0 295330 0 23424 0 1703521 0 0 0 TOM LANGSETH INVESTMENT SERVICE ADVISOR 79874 0 396721 0 3525 0 9150 0 23424 0 512694 0 0 0 JUSTIN BURLESON SVP/CHIEF OPS & FINANCIAL OFFICER 255172 0 115138 0 18119 0 89150 0 31485 0 509064 0 0 0 CLIFF WANTZ SR VP OF LENDING AND PRODU 256924 0 67614 0 23017 0 89150 0 30585 0 467290 0 0 0 JAMES GANGER SR VP RELATIONSHIP & SERVI 256628 0 66376 0 38216 0 89150 0 12063 0 462433 0 0 0 CASEY CARLSON SVP CHIEF MARKETING OFFICER 228173 0 58948 0 20331 0 89150 0 11063 0 407665 0 0 0 STEVE CARLSON FINANCIAL EXECUTIVE 79695 0 148443 0 4866 0 7299 0 24091 0 264394 0 0 0 DANIELLE PFEIFER VP OF RELATIONSHIP & SERVICE EXPERIE 158345 0 26787 0 14077 0 6081 0 33591 0 238881 0 0 0 ROBIN GRIMES AVP REAL ESTATE LENDING 160515 0 31290 0 2056 0 6073 0 31585 0 231519 0 0 0 MARY DOYLE CORE PROJECT BUSINESS UNIT COORDINAT 162806 0 26924 0 4132 0 6116 0 23424 0 223402 0 0 0 PAUL ZYLA SVP/CHIEF INFORMATION OFFICER 141506 0 32921 0 2680 0 4668 0 10590 0 192365 0 0 0 PART I, LINE 4B DAN STOLTZ PARTICIPATED IN 457(F) PLAN. DAN STOLTZ CEO SPLIT DOLLAR LOAN X 8866000 9162524 0 1 1 9162524 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 2022 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 XI, LINE 9: EQUITY ACQUIRED IN MERGER 790,906. ROUNDING 1. 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