Spire Credit Union

Spire Credit Union (stylized SPIRE Credit Union) is a not-for-profit financial cooperative that was founded as the Twin City Co-ops Credit Union in 1934. Spire is headquartered in Falcon Heights, Minnesota, and currently serves over 93,000 members, and controls more than $900 million in assets.[1]

History

Spire was created in 1934 by Edgar Archer, an employee of the Midland Cooperative Oil Association. Edgar Archer needed a loan to be able to pay his debts, so he started a credit union. By February 1934, enough of his fellow workers agreed, and seven of them applied for a certificate of the organization. Spire was officially incorporated on March 13, 1934.[2] In 2011, Spire operated ten branches in the Twin Cities area.[3] In July 2014, the organization – then named Spire Federal Credit Union – was voted to change from a federally-chartered into a state-chartered financial institution, and was renamed Spire Credit Union. In 2014, Greater Minnesota Credit Union (GMCU) merged with Spire, adding six branches in the greater Minnesota area.[4] Spire has a total of 17 branches.

References
  1. "Spire Credit Union, Falcon Heights, Minnesota". Local Credit Unions. Retrieved 2011-10-27.
  2. "About SPIRE". MySpire.com. Spire Credit Union. Retrieved 2017-04-24.
  3. "Our Story - SPIRE Federal Credit Union". Spire Federal Credit Union. Retrieved 2011-10-27.
  4. "GMCU To Merge With SPIRE". Credit Union Journal. Retrieved 2017-04-24.


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