Wings Financial Credit Union assets exceed $4 billion
Minnesota’s largest credit union doubles assets since adding community charter
APPLE VALLEY, MN (May 7, 2014) — Wings Financial Credit Union, Minnesota’s largest credit union, announced today that it has surpassed $4 billion in assets. Since it received its community charter in 2009, the credit union has grown by nearly double from $2.2 billion in 2009. Based on its current size, Wings Financial is one of the 30 largest credit unions of nearly 7,000 credit unions nationwide. Wings is also the 5th largest financial institution based in Minnesota by deposits.
“Wings exists to offer our members outstanding value and service, and our growth is a result of members recognizing we excel at both,” said Frank Weidner, Wings Financial president and chief executive officer. “Member needs drive our day-to-day work and our long-term planning. This helps us identify the financial services they want and need, it reinforces the importance of great rates and great service, and it underscores the importance of having exceptional mobile and online services and convenient full-service locations and a network of fee-free ATMs. Consumers have a wide range of choices when it comes to finding the right financial partner; we’re honored by the trust placed in us by our 205,000 members.”
From its beginnings over 75 years ago as an employer-sponsored credit union serving the employees of Twin Cities-based Northwest Airlines, Wings has grown to serve members around the world throughout the field of aviation and across the Twin Cities region. Two key steps in its growth came in 2003 when it expanded its field of membership to include the nation’s entire aviation industry and in 2009 when Wings Financial members overwhelmingly approved the credit union’s plan to open its doors to everyone who lives or works in the 13-county Twin Cities metro area.
“From our first days to today, we’ve been focused on two things,” Weidner said. “Great member service and great value returned to members. Low costs and efficient operations translate into loan rates and savings yields that consistently rank among the best in the nation. Satisfied members tell their family, friends, coworkers and neighbors about us. That word-of-mouth recommendation from a trusted friend or family member can’t be bought; it has to be earned. We’re proud that many of our members are the third or even fourth generation in their family to choose Wings.”
About Wings Financial Wings Financial Credit Union is Minnesota’s largest credit union and one of the top 30 nationwide, with over $4 billion in assets and 205,000 members. Now in its 76th year of continuous operation, Wings’ field of membership has grown from serving employees of a single airline to include residents of the Minneapolis/St. Paul metro area as well as the aviation industry nationwide.
Wings members enjoy some of the area’s best savings and lending rates, convenient mobile and online access, over 60,000 surcharge-free ATMs, and branch locations throughout the Minneapolis-St. Paul metro as well as Atlanta, Detroit, Memphis, Orlando and Seattle for attentive personal service. Membership in Wings is open to anyone who lives or works in the 13-county Minneapolis-St. Paul, Minnesota, metro area, the aviation industry nationwide, and the Seattle-Tacoma, Washington metro area. To learn more, visit wingsfinancial.com.