2022-11-15T12:01:41-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2021-01-01 410585825 SPIRE CREDIT UNION SPIR 6512153500 2025 LARPENTEUR AVE W FALCON HEIGHTS MN 55113 JUSTIN BURLESON SVP/CHIEF OP, FIN & TECH OFFIC 6512153500 2022-11-10 1 JUSTIN BURLESON 999009999 TANYA MEDGAARDEN P01717240 5074347000 2022-11-10 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DAN STOLTZ 2025 LARPENTEUR AVE W FALCON HEIGHTS MN 55113 81306539 0 X WWW.MYSPIRE.COM X CU 1934 MN TO IMPROVE THE FINANCIAL WELL BEING OF OUR MEMBER-OWNERS. 9 8 566 13 814044 0 0 0 65477368 78173098 3609875 3132095 0 0 69087243 81305193 349183 67366 4226841 3539131 25507902 28800563 0 0 0 27461833 28153192 57545759 60560252 11541484 20744941 1554375693 1948614361 1427450905 1799300204 126924788 149314157 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 PURPSOE: 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 292,553 DEPOSIT ACCOUNTS HELD BY 142,385 MEMBERS TOTALING $3,539,131. 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 36722 0 1 566 1 1 1 0 0 0 0 0 0 0 X 9 8 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 MN X JUSTIN BURLESON 6512153500 2025 LARPENTUER AVE W FALCON HEIGHTS MN 55113 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 DAN STOLTZ CEO 40.00 X 1001525 0 165393 CLIFF WANTZ SR VP OF LENDING AND PRODU 40.00 X 307903 0 109095 JAMES GANGER SR VP RELATIONSHIP & SERVI 40.00 X 313816 0 91572 JUSTIN BURLESON SVP/CHIEF OPS & FINANCIAL OFFICER 40.00 X 332387 0 30095 CASEY CARLSON VP MARKETING 40.00 X 251183 0 90572 TOM LANGSETH INVESTMENT SERVICE ADVISOR 40.00 X 512048 0 0 WENDY MACZKO VP WEALTH MANAGEMENT 40.00 X 278863 0 22302 DEBRA MICKELSON DIVISION PRESIDENT OF ELECTRUS 40.00 X 228002 0 2653 STEVE CARLSON FINANCIAL EXECUTIVE 40.00 X 196838 0 29095 JANNA LIPSTEIN VP & CHIEF INFORMATION OFFICERS 40.00 X 220828 0 0 3643393 0 540777 44 0 1 0 GREINER CONSTRUCTION 625 MARQUETTE AVE SUITE 840 MINNEAPOLIS MN 55402 BLDG. CONSTRUCTION 4501901 PRESIDIO NETWORKED SOLUTIONS GROUP PO BOX 677638 DALLAX TX 75267 DATA PROCESSING HARDWARE & SOFTWARE 2064156 ALKAMI TECHNOLOGY INC DEPT 2223 PO BOX 122223 DALLAS TX 75312 DATA PROCESSING PRODUCTS & TESTING 1346968 JACK HENRY AND ASSOCIATES INC PO BOX 609 MONETT MO 65708 SYSTEM HARD/SOFTWARE 1175968 MEDIA BRIDGE 212 3RD AVE N STE 140 MINNEAPOLIS MN 55401 ADVERTISING 985611 53 LOAN INTEREST INCOME 522100 45229109 44626167 602942 OTHER OPERATING INCOME 522100 24802888 24596465 206423 FEE INCOME 522100 8141101 8136422 4679 78173098 2514388 2514388 619053 0 1346 619053 -1346 617707 617707 81305193 77359054 814044 3132095 67366 3539131 2693541 18674116 3514049 2137402 1781455 66621 287462 8792811 2965305 201243 3 3042726 14000 PROFESSIONAL & OUTSIDE 4674372 EDUCATIONAL & PROMOTION 3031420 LOAN SERVICING EXPENSES 2780319 MISC. OPERATING EXPENSE 1216630 1080280 60560252 17292466 17030028 238886576 114852694 346172 1703536 8980208 9070908 1045530606 1266603059 1634243 1603346 85672849 26320798 52994276 59352051 97606230 173057790 28492777 229683604 62612139 75657345 1554375693 1948614361 10670913 13171618 1416779992 1786128586 1427450905 1799300204 X 0 0 0 0 126924788 149314157 126924788 149314157 1554375693 1948614361 X 20744941 -2636781 4281209 X X 0 0 0 21388225 21388225 47483632 18938533 28545099 186341 165141 21200 4774660 1976173 2798487 11839991 5240951 6599040 59352051 SECURITIES - HTM 229683604 C 229683604 SHARE DRAFTS 496290585 REGULAR SHARES 581153851 MONEY MARKET SHARES 500698619 SHARE CERTIFICATES 111812296 IRA/KEOGH ACCOUNTS 64995982 ALL OTHER SHARES/DEPOSITS 18583661 NONMEMBER DEPOSITS 12593592 1786128586 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, 2021 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, 2021 AND 2020. THE CREDIT UNION'S 2018 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, 2021 AND 2020. THE SUBSIDIARY'S TAX YEARS 2018 AND FORWARD ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. 0 KSTP FM 3415 UNIVERSITY AVENUE MINNEAPOLIS MN 55414 411427680 10000 0 CLOUDS CHOIR SPONSORSHIP PAIN FREE PATRIOTS 14001 RIDGEDALE DR MINNETONKA MN 55305 411887801 5750 0 FOOD DONATION AND HAND SANITIZER SALVATION ARMY NORTHERN DIVISION 2445 PRIOR AVE N ROSEVILLE MN 55113 410698597 25760 0 KETTLE MATCH & NETGIVER MATCHES SECONDHAND HOUNDS 5959 BAKER RD SUITE 390 MINNETONKA MN 55345 271296550 5350 0 EVENT SPONSORSHIP & NETGIVER MATCHES ST PAUL POLICE FOUNDATION PO BOX 65625 ST PAUL MN 55165 331116737 5506 0 EVENT SPONSORSHIP & BANNER PRINTING X X X X 0 1 0 DAN STOLTZ CEO 582060 0 183452 0 236013 0 143090 0 22303 0 1166918 0 0 0 TOM LANGSETH INVESTMENT SERVICE ADVISOR 90110 0 421878 0 60 0 0 0 0 0 512048 0 0 0 CLIFF WANTZ SR VP OF LENDING AND PRODU 241726 0 66117 0 60 0 80000 0 29095 0 416998 0 0 0 JAMES GANGER SR VP RELATIONSHIP & SERVI 237351 0 63605 0 12860 0 80000 0 11572 0 405388 0 0 0 JUSTIN BURLESON SVP/CHIEF OPS & FINANCIAL OFFICER 265048 0 62375 0 4964 0 0 0 30095 0 362482 0 0 0 CASEY CARLSON VP MARKETING 189015 0 57685 0 4483 0 80000 0 10572 0 341755 0 0 0 WENDY MACZKO VP WEALTH MANAGEMENT 81181 0 197622 0 60 0 0 0 22302 0 301165 0 0 0 DEBRA MICKELSON DIVISION PRESIDENT OF ELECTRUS 161867 0 1450 0 64685 0 0 0 2653 0 230655 0 0 0 STEVE CARLSON FINANCIAL EXECUTIVE 80477 0 115003 0 1358 0 0 0 29095 0 225933 0 0 0 JANNA LIPSTEIN VP & CHIEF INFORMATION OFFICERS 186052 0 34716 0 60 0 0 0 0 0 220828 0 0 0 PART I, LINE 4B DAN STOLTZ PARTICIPATED IN 457(F) PLAN. DAN STOLTZ CEO SPLIT DOLLAR LOAN X 8866000 9070908 0 1 1 9070908 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 15A FORM 990, PART VI, SECTION B, LINE 15: HR PROVIDES THE BOARD SUBCOMMITTEE ANNUAL SURVEY DATA FROM A 3 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. FORM 990, PART VI, SECTION C, LINE 19 NCUA SHARE DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE POSTED IN THE CU BRANCHES MONTHLY. FORM 990, PART XI, LINE 9: ROUNDING EQUITY ACQUIRED IN MERGER 4,281,209. 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