Spire Credit Union


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.

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. In 2011, Spire operated ten branches in the Twin Cities area. 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 merged with Spire, adding six branches in the greater Minnesota area. Spire has a total of 17 branches.