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 $10plus 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.”