BLAZE CREDIT UNION: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
BLAZE CREDIT UNION (EIN 41-0585825)
Tax period
2014-06-01 to 2014-12-31
Filed
2015-11-12
IRS object ID
201543169349301239
Schema version
2014v5.0
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

FieldValueIRS element (for citing)
Return2015-11-12T09:48:37-06:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 217AddressLine1Txt
CityAUSTINCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55912ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN410585825EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SPIRE CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSPIRBusinessNameControlTxt
Phone6512153500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12025 LARPENTEUR AVE WAddressLine1Txt
CityFALCON HEIGHTSCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55113ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJON SEEMANPersonNm
Person TitleCFOPersonTitleTxt
Phone6512153500PhoneNum
Signature2015-11-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHERRI WESSELSPreparerPersonNm
PTINP00888088PTIN
Phone5074347000PhoneNum
Preparation2015-11-10PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-04-25 22:37:26ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Principal OfficerDAN STOLZPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12025 LARPENTEUR AVE WAddressLine1Txt
CityFALCON HEIGHTSCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55113ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$19,058,005GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.MYSPIRE.COMWebsiteAddressTxt
Type Of Organization OtherYes (X)TypeOfOrganizationOtherInd
Other Organization DscCUOtherOrganizationDsc
Formation1934FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionTO IMPROVE THE FINANCIAL WELL BEING OF OUR MEMBER-OWNERS.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee190TotalEmployeeCnt
Total Volunteers8TotalVolunteersCnt
Total Gross UBI$97,229TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$111,246NetUnrelatedBusTxblIncmAmt
CY Contributions Grants$0CYContributionsGrantsAmt
CY Program Service Revenue$16,753,060CYProgramServiceRevenueAmt
CY Investment Income$1,738,069CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
CY Total Revenue$18,491,129CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$1,108,083CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$6,831,766CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
CY Other Expenses$8,692,818CYOtherExpensesAmt
CY Total Expenses$16,632,667CYTotalExpensesAmt
CY Revenues Less Expenses$1,858,462CYRevenuesLessExpensesAmt
Total Assets BOY$624,910,056TotalAssetsBOYAmt
Total Assets EOY$777,745,579TotalAssetsEOYAmt
Total Liabilities BOY$574,784,171TotalLiabilitiesBOYAmt
Total Liabilities EOY$708,399,841TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$50,125,885NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$69,345,738NetAssetsOrFundBalancesEOYAmt
MissionSPIRE 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescPROVIDING SAVINGS DEPOSIT SERVICES, CHECKING ACCOUNTS, ORIGINATING NEW LOANS, AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescDIVIDENDS PAID TO MEMBERS ON 172,389 DEPOSIT ACCOUNTS HELD BY 84,158 MEMBERS TOTALING $1,108,083.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescRECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING MEMBERS ACCESS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS, AND IN PERSON AT THE CU OFFICE.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document15608IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee190EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJON SEEMANPersonNm
Phone6512153500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12025 LARPENTUER AVE WAddressLine1Txt
CityFALCON HEIGHTSCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55113ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
TOM HEINZEN
CHAIR1.00Yes (X)$0$0$0
RON GLASGOW
VICE CHAIR1.00Yes (X)$0$0$0
LU HAMMER
SECRETARY/TREASURER1.00Yes (X)$0$0$0
LEE BRUCKER
DIRECTOR1.00Yes (X)$0$0$0
TOM HIRTE
DIRECTOR1.00Yes (X)$0$0$0
JIM TAGLIA
DIRECTOR1.00Yes (X)$0$0$0
BOB OEHRLEIN
DIRECTOR1.00Yes (X)$0$0$0
CARL ANDERSON
DIRECTOR1.00Yes (X)$0$0$0
DAN STOLTZ
CEO40.00Yes (X)$576,363$0$277,545Yes (X)
JON SEEMAN
CFO40.00$199,562$0$19,624Yes (X)
STAN EDWARDS
COO/EVP40.00$252,341$0$81,355Yes (X)
NIEL DEVASIR
CIO40.00$176,816$0$17,706Yes (X)
JAMES GANGER
VP MEMBER PTSP DEVELOP.40.00$163,125$0$5,681Yes (X)
MICHAEL SCHRADER
VP CONSUMER LENDING40.00$159,177$0$21,869Yes (X)
KELLIE EATON
VP PAYMENT CARD SERVICES40.00$151,570$0$27,039Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,678,954TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$450,819TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K11IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
GREINER CONSTRUCTION
625 MARQUETTE AVE SUITE 840MINNEAPOLISMN55402GENERAL CONTRACTOR$729,650
INTEGRATED
3948 WEST 50TH ST SUITE 212EDINAMN55424ADVERTISING$429,940
ARI MECHANICAL
HH 9201 EAST BLOOMINGTON FREEWAYBLOOMINGTONMN55420BUILDING MAINT-FURNACE, HVAC$391,864
LEROY SIGNS
6325 WELCOME AVE N SUITE 100MINNEAPOLISMN55429INTERIOR/EXTERIOR SIGNAGE$199,220
NUSOURCE
9749 HAMILTON RDEDEN PRAIRIEMN55344ATM/COIN COUNTERS SERVICING$174,308
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K10CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
INTEREST ON LOANS900099$9,936,853$9,936,853
FEE INCOME522100$6,582,217$6,484,988$97,229
OTHER OPERATINE INCOME900099$233,990$233,990
FieldValueIRS element (for citing)
Total Program Service Revenue$16,753,060TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,460,883TotalRevenueColumnAmt
Exclusion$1,460,883ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$986SecuritiesAmt
Other$843,076OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$0SecuritiesAmt
Other$566,876OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$986SecuritiesAmt
Other$276,200OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$277,186TotalRevenueColumnAmt
Exclusion$277,186ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$18,491,129TotalRevenueColumnAmt
Related Or Exempt Func Income$16,655,831RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$97,229UnrelatedBusinessRevenueAmt
Exclusion$1,738,069ExclusionAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$1,108,083TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$625,972TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$4,655,140TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,129,954TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$420,700TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,320,855TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,039,054TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$121,588TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,015,981TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$9,133TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
PROFESSIONAL & OUTSIDE$1,743,716
EDUCATIONAL & PROMOTION$1,367,677
LOAN SERVICING EXPENSES$807,676
MISC. OPERATING EXPENSE$328,998

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total-$61,860TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$16,632,667TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,808,453BOYAmt
EOY$4,503,474EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$34,961,179BOYAmt
EOY$69,744,024EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$345,572EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$412,210,785BOYAmt
EOY$491,656,909EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$729,297EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$47,831,620LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$15,848,836LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$26,718,698BOYAmt
EOY$31,982,784EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$89,982,338BOYAmt
EOY$83,209,652EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$53,254,424BOYAmt
EOY$65,619,397EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$4,974,179BOYAmt
EOY$29,954,470EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$624,910,056BOYAmt
EOY$777,745,579EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$4,462,634BOYAmt
EOY$4,859,983EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$570,321,537BOYAmt
EOY$703,539,858EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$574,784,171BOYAmt
EOY$708,399,841EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$50,125,885BOYAmt
EOY$69,345,738EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$50,125,885BOYAmt
EOY$69,345,738EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$624,910,056BOYAmt
EOY$777,745,579EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$1,858,462ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$611,391NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$16,750,000OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$12,724,356OtherCostOrOtherBasisAmt
Book Value$12,724,356BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$23,850,179OtherCostOrOtherBasisAmt
Depreciation$8,426,296DepreciationAmt
Book Value$15,423,883BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$555,452OtherCostOrOtherBasisAmt
Depreciation$520,589DepreciationAmt
Book Value$34,863BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,710,930OtherCostOrOtherBasisAmt
Depreciation$1,862,484DepreciationAmt
Book Value$848,446BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$7,990,703OtherCostOrOtherBasisAmt
Depreciation$5,039,467DepreciationAmt
Book Value$2,951,236BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$31,982,784TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescSECURITIES - HTMDesc
Book Value$65,619,397BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$65,619,397TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)

DescDescAmtAmt
SHARE DRAFTS$153,616,185
REGULAR SHARES$183,107,568
MONEY MARKET SHARES$194,792,795
SHARE CERTIFICATES$109,627,620
IRA/KEOGH ACCOUNTS$60,983,569
ALL OTHER SHARES/DEPOSITS$1,412,121
FieldValueIRS element (for citing)
Total Liability$703,539,858TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationPART 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, 2014 FINANCIAL STATEMENTS, THE CREDIT UNION IS EXEMPT, UNDER IRC SECTION 501 (C) (14), FROM FEDERAL AND STATE INCOME TAXES. CERTAIN PRODUCTS AND SERVICES PROVIDED BY SELECT STATE CHARTERED CREDIT UNIONS HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE (IRS), IN TECHNICAL ADVICE MEMORANDUMS (TAMS) RELEASED IN 2007, TO BE UNRELATED TO THE SPECIFIC ENTITY'S EXEMPT PURPOSE. AS PRESENTED IN THE TECHNICAL ADVICE MEMORANDUMS THE NET TAXABLE INCOME FROM THESE PRODUCTS AND SERVICES WOULD BE SUBJECT TO INCOME TAXES. CREDIT UNIONS HAVE LITIGATED AGAINST THE IRS POSITIONS NOTED IN THE TAMS AND HAVE BEEN SUCCESSFUL IN HAVING COURTS DECLARE IN 2009 AND 2010 THAT REVENUE FROM INSURANCE PRODUCTS SOLD TO MEMBERS, HELPING THEM PROTECT THEIR FINANCIAL WELLBEING, QUALIFIES AS EXEMPT PURPOSE INCOME, CONTRARY TO THE IRS POSITION IN THE TAMS. SPIRE CREDIT UNION CONVERTED TO A STATE CHARTERED CREDIT UNION ON JUNE 1, 2014 RESULTING IN IT BEING SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE CUSO, 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, 2014 AND 2013. THE SUBSIDIARY'S TAX YEARS 2009 AND FORWARD ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
DAN STOLTZ
CEO$370,744$0$66,144$0$139,475$0$256,020$0$21,525$0$853,908$0$0$0
JON SEEMAN
CFO$180,518$0$19,044$0$0$0$10,758$0$8,866$0$219,186$0$0$0
STAN EDWARDS
COO/EVP$219,597$0$32,744$0$0$0$65,569$0$15,786$0$333,696$0$0$0
NIEL DEVASIR
CIO$159,616$0$17,200$0$0$0$4,743$0$12,963$0$194,522$0$0$0
JAMES GANGER
VP MEMBER PTSP DEVELOP.$158,925$0$4,200$0$0$0$0$0$5,681$0$168,806$0$0$0
MICHAEL SCHRADER
VP CONSUMER LENDING$143,133$0$16,044$0$0$0$8,268$0$13,601$0$181,046$0$0$0
KELLIE EATON
VP PAYMENT CARD SERVICES$134,426$0$17,144$0$0$0$8,075$0$18,964$0$178,609$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 4BDAN STOLTZ - PARTICIPATED IN 457(F) PLAN, 2014 PAYOUT $117,217 STAN EDWARDS - PARTICIPATED IN 457(F) PLAN, NO PAYMENTS RECEIVED IN 2014
SCHEDULE J, PAGE 2, COLUMNS B & C, DAN STOLTZPLEASE NOTE THAT SOME AMOUNTS ON THIS SCHEDULE ARE RECOGNIZED TWICE. COLUMN B(III) INCLUDES AMOUNTS FROM THE COMPENSATION PLAN THAT WERE ACCRUED IN PRIOR YEARS AND PAID OUT IN 2014 AND COLUMN (C) INCLUDES A CURRENT YEAR ACCRUAL FOR THIS PLAN FOR A FUTURE DISTRIBUTION IF CERTAIN CONDITIONS ARE ACHIEVED. COLUMN B(II) INCLUDES A VARIABLE PAYMENT FOR 2013 THAT WAS PAID OUT IN 2014 AND ALSO INCLUDES A VARIABLE PAYMENT FOR 2014. COLUMN (C) INCLUDES A NORMAL EMPLOYER 401(K) MATCHING CONTRIBUTION WHICH WAS OFFERED TO ALL ELIGIBLE EMPLOYEES. COLUMN B(III) ALSO INCLUDES TRAVEL AND AUTO EXPENSES/ALLOWANCE WHICH IS SHOWN AS WAGES.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (12 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE 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 7ATHE 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 7BANY CHANGES TO THE ENTITY'S BYLAWS NEED TO BE APPROVED BY THE MEMBERSHIP.
FORM 990, PART VI, SECTION B, LINE 11THE FORM 990 WILL BE REVIEWED PRIOR TO SUBMISSION BY MANAGEMENT INCLUDING THE CFO.
FORM 990, PART VI, SECTION B, LINE 12CA 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 15AFORM 990, PART VI, SECTION B, LINE 15: THE BOARD SUBCOMMITTEE UTILIZES A 3RD PARTY RESOURCE (HRN VIA THEIR COMPEASE PRODUCT) TO DETERMINE THE CEO'S COMPENSATION. THE CEO DETERMINES THE COO'S COMPENSATION AND THE COO WORKS WITH HR ON THE REMAINING STAFF. NO INDEPENDENT PERSON/BUSINESS IS USED TO COMPLETE THE REVIEW, RATHER THEY UTILIZE A 3RD PARTY RESOURCE WHEN MAKING THE EVALUATION.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE POSTED IN THE CU BRANCHES MONTHLY.
FORM 990, PART VII, (9) DAN STOLTZ.PLEASE NOTE THAT SOME AMOUNTS ON THIS SCHEDULE ARE RECOGNIZED TWICE. COLUMN (D) INCLUDES AMOUNTS FROM THE COMPENSATION PLAN THAT WERE ACCRUED IN PRIOR YEARS AND PAID OUT IN 2014 AND COLUMN (F) INCLUDES A CURRENT YEAR ACCRUAL FOR THIS PLAN FOR A FUTURE DISTRIBUTION IF CERTAIN CONDITIONS ARE ACHIEVED. COLUMN (D) INCLUDES A VARIABLE PAYMENT FOR 2013 THAT WAS PAID OUT IN 2014 AND ALSO INCLUDES A VARIABLE PAYMENT FOR 2014. COLUMN (F) INCLUDES A NORMAL EMPLOYER 401(K) MATCHING CONTRIBUTION WHICH WAS OFFERED TO ALL ELIGIBLE EMPLOYEES. COLUMN (D) ALSO INCLUDES TRAVEL AND AUTO EXPENSES/ALLOWANCE WHICH IS SHOWN AS WAGES.
FORM 990, PART XI, LINE 9:EQUITY ACQUIRED IN MERGER 16,750,000.
FORM 990, PART XII, LINE 2BAUDITED 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.
FORM 990, PART IX, LINE 5:SPIRE CREDIT UNION WAS A FEDERALLY CHARTERED CREDIT UNION UNTIL JUNE 1, 2014 WHEN IT BECAME STATE CHARTERED. AS THE CREDIT UNION IS ONLY REPORTING ITEMS OF INCOME AND EXPENSES FOR 7 MONTHS ON THE 2014 FORM 990, COMPENSATION AMOUNTS LISTED ON LINE 5 OF PART IX DO NOT MATCH THE AMOUNTS LISTED IN PART VII. THE AMOUNTS LISTED IN VII ARE FROM THE 2014 FORMS W-2 AND THE AMOUNTS LISTED IN PART IX ARE PRO-RATED FOR THE PERIOD JUNE 1 THROUGH DECEMBER 31, 2014.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1ROCHDALE AGENCY INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12025 LARPENTEUR AVEAddressLine1Txt
CityFALCON HEIGHTSCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55113ZIPCd
FieldValueIRS element (for citing)
EIN410709699EIN
Primary ActivitiesINSURANCEPrimaryActivitiesTxt
Legal Domicile StateMNLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1SPIRE CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Share Of Total Income$777ShareOfTotalIncomeAmt
Share Of EOY Assets$10ShareOfEOYAssetsAmt
Ownership1.00000OwnershipPct
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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