Credit union
Blaze Credit Union
Falcon Heights, Minnesota, Ramsey County, MN
$4.8B in total assets and 257,995 members, the 97th largest of 4,298 US credit unions and 3rd of 80 headquartered in Minnesota.
- NCUA charter
- 68651
- Charter
- State chartered (MN)
- Chartered
- 1988
- NCUA insured since
- 1974
- Low-income designation
- Yes
- Website
- https://www.blazecu.com/
Earlier filings under Spire Federal Credit Union (charter 24356), before a charter conversion, are included in the history below.
At a glance
Compared with 8 federally insured credit unions in Minnesota with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $4.8B | 75% | $1.3B | |
| Loans | $2.7B | 75% | $928M | |
| Deposits (shares) | $4.1B | 75% | $1.2B | |
| Members | 257,995 | 88% | 73,348 | |
| Return on assets | 0.86% | 50% | 0.85% | |
| Net interest income to assets | 3.16% | 25% | 3.41% | |
| Efficiency ratio | 72.5% | 38% | 74.2% | |
| Net worth ratio | 8.76% | 2% | 10.91% | |
| Loans to shares | 67% | 12% | 92% | |
| Cost of deposits | 1.76% | 50% | 1.68% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 19.1% a year over 10 years and 22.3% a year over the last 5, including 9 mergers in the last 10 years. Membership grew 13.4% a year over 5 years, to 257,995.
Dashed lines mark larger mergers, listed below.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Jan 2024 | Hiway Credit Union Credit union, Saint Paul, MN | $1.7B |
| Apr 2022 | H.B.I. Employees Credit Union Credit union, Saint Paul, MN | $9M |
| Nov 2021 | Midland Co-op Credit Union Credit union, Minneapolis, MN | $11M |
| Sep 2021 | Central Hanna Employees Credit Union Credit union, Keewatin, MN | $4M |
| Apr 2021 | Diversified Credit Union Credit union, Minneapolis, MN | $42M |
| Dec 2019 | Electrus Federal Credit Union Credit union, Brooklyn Center, MN | $63M |
| Jul 2019 | Energy Services Federal Credit Union Credit union, Saint Cloud, MN | $10M |
| Jul 2017 | Peoples Community Credit Union Credit union, Hopkins, MN | $23M |
| Oct 2016 | Ecolab Credit Union Credit union, Saint Paul, MN | $11M |
| Oct 2015 | Murphy Credit Union Credit union, Minneapolis, MN | $508K |
| Jul 2014 | Greater Minnesota Credit Union Credit union, Mora, MN | $144M |
Where they operate
29 branches in 14 counties.
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| Hennepin County, MN | 6 | 1.8% | 13 of 94 |
| Ramsey County, MN | 6 | 4.5% | 5 of 59 |
| Mille Lacs County, MN | 3 | 25.0% | 1 of 8 |
| Anoka County, MN | 2 | 2.6% | 13 of 35 |
| Kanabec County, MN | 2 | 40.0% | 1 of 3 |
| Washington County, MN | 2 | 2.4% | 12 of 38 |
| Dakota County, MN | 1 | 0.8% | 29 of 51 |
| Itasca County, MN | 1 | 4.5% | 6 of 15 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 18 | |
| 2017 | 19 | +1 |
| 2018 | 20 | +1 |
| 2019 | 24 | +4 |
| 2020 | 20 | −4 |
| 2021 | 23 | +3 |
| 2022 | 23 | 0 |
| 2023 | 23 | 0 |
| 2024 | 26 | +3 |
| 2025 | 28 | +2 |
| Jun 2026 | 29 | +1 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 1.02% | 0.67% |
| Net worth ratio | 8.76% | 10.91% |
| Loans to shares | 67% | 92% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in Minnesota
Most branches in Hennepin County, MN
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.