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

July 01, 2019
Energy Services Federal Credit Union in St. Cloud  Merges/Partners with SPIRE

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.”

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