Dan Stoltz follows a “net giver” leadership philosophy, which emphasizes that life is about giving rather than getting. That focus on serving others has provided a framework for success at $1.3 billion asset SPIRE Credit Union in Falcon Heights, Minn., where Stoltz is president/CEO.
When Stoltz took over at SPIRE in 2010, the credit union had lost $13 million and its future was uncertain. In Dan’s first four years as CEO, SPIRE doubled its equity and then began a period of unprecedented growth. SPIRE’s net income of $9 million in 2019 was an all-time high; the best year in the credit union’s 86-year history.
Earlier this year, Stoltz was named the 2020 Most Admired CEO by the Minneapolis/St. Paul Business Journal.
In this podcast, Dan discusses how SPIRE is navigating the coronavirus (COVID-19) crisis and the importance of maintaining a vital voice in the wake of local civil unrest.
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In this episode:
1:15: How SPIRE Credit Union is faring during COVID-19
3:09: SPIRE’s four C's for the pandemic
4:11: The state of emotions in the Twin Cities following civil unrest
5:57: How credit unions can be part of the solution to racial injustice
6:33: How Dan got started in credit unions
7:55: What makes credit unions different
8:45: Dan’s "net giver" philosophy
10:08: Dan's three T's
12:08: Why credit unions shouldn’t be a secret
13:58: What Dan wishes he knew when he was 18
17:30: A parting story