Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
952-997-8000
14985 Glazier Ave
Apple Valley, MN 55124

Wings Financial Credit Union is an airline industry-focused credit union that is eligible to consumers who are broadly involved with the airline industry or who live in the Seattle or Minneapolis areas. The credit union focuses largely on personal depository banking products and services, but does offer a business checking account.

Wings Financial’s checking account offers cash back rewards for debit card usage, free checks, no monthly service charges, and an allowance of free ATM withdrawals from ATMs not owned by Wings. The credit union’s savings account offer is a basic, dividend bearing account that provides 24/7 access to funds. Money market accounts have a minimum initial deposit requirement and offer higher dividends for higher average balances. Share certificates and IRA certificates are available in term lengths from 3 months to 5 years and occasionally Wings Financial offers special rates on them. DepositAccounts.com has featured the credit union’s CDs repeatedly in the past. Various consumer loans are offered for homes, cars, and boats, and the credit union partners with a real estate company to offer home-buying guidance and services. Wings Financial Advisors offer brokerage services and financial solutions to members looking to plan for retirement or obtain various insurance and investment products.

Wings Financial Credit Union online banking provides a system through which members can track and manage their account activity securely and easily. It functions as a way to perform tasks like eStatement viewing, financial management software integration, and fund transfers. The credit union has also released mobile banking apps that are optimized for select smartphones and tablet devices.

Wings Financial CU was founded chartered in 1938 as the Northwest Airlines Employees Credit Union by a group of Northwest Airlines employees. In 2010, the credit union merged with City County FCU of Minneapolis and doubled its number of branches in the Minneapolis-St. Paul. It is currently headquartered in Apple Valley, Minnesota, and serves its members through numerous branches located around the twin city area.

Field of Membership Restrictions

Membership is available to most people employed in, retired from, or whose job directly supports the air transportation of people or cargo, immediate family members of persons engaged in such activities, and family members (including household relationships) of a current credit union member. Additionally, those who live or work in the 13 County Minneapolis/St. Paul Metro area as defined below are eligible for membership in Wings Financial. - See Details

Related Posts



Great Credit Union

I've always had courteous and prompt service from the employees at Wings Financial CU whenever I've called them. And they usually offer one of the highest interest rates in the nation on CDs.  

There is only one thing I wish they did differently at their website: they only allow you to see check images for about two months.  That is not long enough!  If I need to see who a check was written to, or if I need to print the check image to prove that payment was made 3 months ago, I can't.  Come on Wings, in all other areas you give great customer service; please also do so in this regard!

Paying Off Credit Card

I am disappointed at how hard it is to pay off a Wings FCU credit card with a non-Wings FCU account.  I have been trying to pay off an account for several years and just recently wanted to change the account the automatic withdrawl was taken out of.  Four months later and with four months of late charges, the issue has still not been resolved.  Furthermore, even though there has been fax, email and telephone calls addressing the issue, Wings still is trying to withdrawl the money from the old account which has been closed.  I would not get a credit card from this company.  They are impossible to deal with.

Wings Financial

Rarely do I provide any kind of on-line review for products or services.  However, when I happened upon this site and noticed a low 'rating' for Wings Financial, I felt compelled to contribute. 

I have been a member of Wings Financial since 1992, when it was simply NWAFCU.   In that time, I have had very good experiences with many of their products and services, including savings, checking, credit cards, auto loans, home equity loans, first mortgage, home refinancing, tax preparation, on-line services, CD's, and Money Market investments.  Wings has a reputation for offering among the highest returns on CD investments (often listed in the local Tribune), while offering among the lowest mortgage rates.   

I've been very satisfied with on-line baking services, and often wonder why friends actullay go to a bank in-person anymore.  When friends complain about surprising fees/penalties for using their bank's services, I'm similarly surpised because the concept seems so foreign at Wings.   It has been, frankly, a fantastic 20 years.    I look forward to my next 20 years with Wings Financial.

-C

 

 

Horrible Loan Department

Don't fall 1 month behind otherwise they will start the repossession process for your car. Really, 1 month behind and you start the repossession process?????? Ridiculous. I ask to set up a payment plan that will catch me up on 1 month past due plus the payment due the next month on the first of the next month and they refuse. So rude. Even though they have good rates their customer service is horrible. Loan Rep Amanda Scott is the worst one.

VIEW MORE REVIEWS

Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Wings Financial Credit Union had $7 million in non-current loans and owned real-estate with $404.78 million in equity and loan loss allowances on hand to cover it. This gives Wings Financial Credit Union a Texas Ratio of 1.73% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Wings Financial Credit Union decreased dramatically from 2.67% as of March 31, 2013 to 1.73% as of March 31, 2014, resulting in a positive change of 35.10%.This indicates that the balance sheet and financial strength for Wings Financial Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Wings Financial Credit Union has increased its total deposits by $88.11 million, resulting in 2.6% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Wings Financial Credit Union has shown is above average.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Wings Financial Credit Union has $4.04 billion in assets with $404.78 million in equity, resulting in a capitalization level of 10.03%, which is above average.

Institution Statistics

Overall
NCUA #68601
Year Chartered1938
Employees356
Primary Regulator
Assets and Liabilities
Assets$4.04 billion
Loans$1.22 billion
Deposits$3.48 billion
Equity Capital$387.28 million
Loan Loss Allowance$17.51 million
Unbacked Noncurrent Loans$5.69 million
Real Estate Owned$1.32 million
Historic Data - March 2013
Assets$3.98 billion
Equity Capital$422.33 million
Loan Loss Allowance$15.30 million
Unbacked Noncurrent Loans$5.69 million
Real Estate Owned$2.27 million
Profit Margin - Quarterly
Return on Assets0.72%
Return on Equity7.47%
Interest Income$26.21 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Wings Financial Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Wings Financial Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--Share Savings
0.15%--Money Manager Account
0.15%--Holiday Club Account
0.15%--IRA Share Account
0.15%--Roth IRA Share Account
0.15%--CESA Share Account

Wings Financial Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.45%$100k-Wings Investment Money Market Account
0.45%$100k-Wings IRA Investment Money Market Account
0.45%$100k-Wings Roth IRA Investment Money Market Account
0.45%$100k-Wings CESA Investment Money Market Account
0.30%$25k-World Class Money Market Account

Wings Financial Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--First Class Checking Account (Share Draft)

Wings Financial Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.65%$500-5 Year Dividend Paid Monthly Share Certificate
1.65%$500-5 Year Dividend Paid Quarterly Share Certificate
1.21%$500-4 Year Dividend Paid Monthly Share Certificate
1.21%$500-4 Year Dividend Paid Quarterly Share Certificate
1.16%$500-3 Year Dividend Paid Monthly Share Certificate
1.16%$500-3 Year Dividend Paid Quarterly Share Certificate
0.85%$500-2 Year Dividend Paid Monthly Share Certificate
0.85%$500-2 Year Dividend Paid Quarterly Share Certificate
0.65%$500-1 Year Dividend Paid Monthly Share Certificate
0.65%$500-1 Year Dividend Paid Quarterly Share Certificate
0.40%$500-6 Month Dividend Paid Monthly Share Certificate
0.40%$500-6 Month Dividend Paid Quarterly Share Certificate
0.40%$500-6 Month Dividend Paid at Maturity Share Certificate
0.35%$500-3 Month Dividend Paid Monthly Share Certificate
0.35%$500-3 Month Dividend Paid Quarterly Share Certificate
0.35%$500-3 Month Dividend Paid at Maturity Share Certificate

Wings Financial Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.65%$500-5 Year Dividend Paid Monthly IRA Certificate
1.65%$500-5 Year Dividend Paid Quarterly IRA Certificate
1.21%$500-4 Year Dividend Paid Monthly IRA Certificate
1.21%$500-4 Year Dividend Paid Quarterly IRA Certificate
1.16%$500-3 Year Dividend Paid Monthly IRA Certificate
1.16%$500-3 Year Dividend Paid Quarterly IRA Certificate
0.85%$500-2 Year Dividend Paid Monthly IRA Certificate
0.85%$500-2 Year Dividend Paid Quarterly IRA Certificate
0.65%$500-1 Year Dividend Paid Monthly IRA Certificate
0.65%$500-1 Year Dividend Paid Quarterly IRA Certificate
0.40%$500-6 Month Dividend Paid Monthly IRA Certificate
0.40%$500-6 Month Dividend Paid at Maturity IRA Certificate
0.40%$500-6 Month Dividend Paid Quarterly IRA Certificate
0.35%$500-3 Month Dividend Paid Monthly IRA Certificate
0.35%$500-3 Month Dividend Paid at Maturity IRA Certificate
0.35%$500-3 Month Dividend Paid Quarterly IRA Certificate
Locations

Wings Financial Credit Union has 18 locations. Click to view all Wings Financial Credit Union locations.