News & Press: Credit Union News

Energy Services Federal Credit Union in St. Cloud Merges/Partners with SPIRE Credit Union

Wednesday, July 3, 2019  
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SPIRE Credit Union - Falcon Heights, Minn. (July 1, 2019) - With a 90% affirmative vote from Energy Services Federal Credit Union (ESFCU) members, a partnership/merger between SPIRE and ESFCU became effective July 1, 2019.  As a result of outstanding stewardship from the previous credit union managers, Board of Directors and Supervisory Committee, current ESFCU members will enjoy a special dividend payout with the completion of the merger. 

 

Founded in 1933, ESFCU is a Federally-chartered credit union with 1,400 members and $10+ million in assets, for Xcel Energy Employees, their family members, and contractors of Xcel Energy.  “To maintain and grow the long-term value of Energy Services Federal Credit Union membership, the leadership recognized the value of entering into a partnership with SPIRE,” says Darrell Ostendorf, ESFCU Board Chair, “This partnership is a win for everybody!”

 

“We are excited to service the St. Cloud area and offer expanded products and locations to ESFCU members.” said Dan Stoltz, SPIRE President/CEO, “This partnership will bring countless opportunities to ESFCU members.”   

 

About SPIRE Credit Union: A full-service financial institution, proudly serving Minnesota and Wisconsin residents since 1934. SPIRE is committed to providing smart products, great rates and excellent service with a goal to improve the financial lives for both personal and business members. SPIRE has 19 branches throughout central Minnesota.  To learn more about SPIRE, please visit www.myspire.com.

 


Minnesota Credit Union Network
555 Wabasha Street N, Suite 200
St. Paul, MN 55102

(651) 288-5170
(800) 477-1034