Spire Credit Union Account Reviews

I’ll review some Spire Credit Union account info for you here. I’ll go over important details like what you can expect from working with them. You can keep your money there like a traditional bank, but it’s a little different. They also have business services in addition to personal offerings.

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Maybe the most important thing: you do need to be a resident of a county in Minnesota (like I am) if you want to open an account there. The first few are Aitkin, Anoka, Benton, Carlton, Carver, Chisago, Crow Wing, Dakota, Hennepin, and Isanti.

The rest are Kanabec, Mille Lacs, Morrison, Pine, Ramsey, Scott, Sherburne, Stearns, Waseca, Washington and Wright country. There are other ways, too, like if your employer does business in one of those counties.

You can also be a resident of Wisconsin and still be eligible. Now, on to more Spire Credit Union account details.

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Defining What A Spire Credit Union Account Is

Unlike a bank, which is a for-profit institution, a credit union is a not-for-profit. It’s owned by its members – people like you and me. For the most part, it feels about the same as a bank to me. There are branches where you go in and work with tellers, meet with a banker, and have access to drive-thru deposits/withdrawals.

However, it does have a more local feeling. When I opened a Spire Credit Union account, I noticed that they were involved with a lot of local organizations in Minnesota, like the St. Paul Saints and Minnesota United FC.

They offer two main personal checking account options: Free Checking and Dividend Earning Checking.

The Free Checking Account

Could this Spire Credit Union account really be free? Let’s take a look and find out.

Their free services on this checking account include BillPay, eStatements, transfers, direct deposit, mobile wallet, and mobile deposit capture. They do go further to clarify that there’s no monthly maintenance fees or minimum balance requirements.

That was really what I was looking for. You also get free overdraft protection from your Spire savings account. They also have a “Courtesy Pay Program” that may cover your transactions if your account doesn’t have the funds available.

It should be noted, though, that the free Spire Credit Union account does have a fee associated with Courtesy Pay and Non-sufficient funds situations. There are is also an inactive checking account fee of $7.50, among one or two others.

There really aren’t any common fees, though. That’s the important part. Personally, I’ve never had an overdraft but maybe that’s something that happens with you frequently.

Free Spire Saints Checking

If you’re into baseball, there’s a different free Spire Credit Union account that may make more sense. They give you an exclusive SPIRE St. Paul Saints Visa Debit card plus some other incentives, like free tickets to a game and $100 (as of this writing).

You also get to access your money from ATMs at CHS Field and across the United States. It looks like Kwik Trips around the US have them. Additionally, you also have access to 30,000 surcharge-free ATMs across the country through their co-op shared network.

All the important stuff is free in this account as well. The same fees do apply as with the other free one for things like over drafting. Your specific branch will have the pricing for getting Saints-themed checks.

This Spire Credit Union account requires a $50 minimum deposit. See additional important disclosures here.

Spire Credit Union account: Checking Plus/Dividend Earning

Changing gears a little bit, now we’re talking about the account you need to pay something for. Using this one, you receive dividends on any balance. You also get free custom SPIRE checks and two reimbursements on out-of-network ATM fees per month.

You’ll have free Spire Credit Union account access through their digital banking service. Also, free overdraft protection from your Spire savings account.

The minimum daily balance you need to keep is $2000 to avoid fees. They say that the free debit card has its number, expiration date and name on the back to deter hackers and skimmers. I’m not sure how that works exactly to prevent skimming, since that information would be taken digitally from the card’s magnetic strip if you used a compromised ATM or other machine.

This is a pretty cool feature that a lot of cards have today – the debit card comes with contactless EMV chip technology. In other words, you can tap to pay now!

The annual percentage yield is currently .05 on this (as of this writing) and on the 55 Plus Checking Spire Credit Union account.

55 Plus Checking

The 55 Plus checking Spire Credit Union Account is very similar to the regular Checking Plus one. The “pluses” are all the same with dividends, debit card technology, checks, reimbursements, etc.

They do say it’s for people “55 or better,” which, I’ll be honest, is pretty clever. The minimum daily balance is also $2,000 and the monthly minimum balance fee is $20.

All other fees like the Courtesy Pay Fee and Non-sufficient funds fees are the same as with the Free, Teen, Checking Plus, and Saint Paul Saints accounts. Review their whole fee schedule here.

Spire also uses a service to detect weird transactions on your account and shuts down your debit card if they suspect fraud. For that reason, always contact them before going out of town and spending money in different places for things like vacation.

Final Thoughts On Getting A Spire Credit Union Account

I can personally attest from having a SPIRE Credit Union Account that they are a solid choice to store your money if you live in Minnesota. They do offer a lot of options and many of their benefits are completely free as long as you’re responsible and don’t overdraft. We didn’t even get to talking about the different ways they give back to the community. In 2019, they made $275,000 in donations to local organizations. They also held 560 community events across Minnesota.

Their organization also did some other charitable work that you can check out on their site if you want. Now for the big question – if I wasn’t a current customer there, would I still pick them? The answer: yes, absolutely. Spire rocks.

All information in this article was current at the time of this writing, however, it could change without notice. We do our best to keep these updated, however, there is no guarantee you will find the same information on the bank’s website or at the time of opening an account with them.

Bob Buckley

Bob Buckley writes about food and business.