Wings Financial Credit Union


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 in Wings Financial is open to anyone through joining Wings Financial Foundation ($5 donation). Membership is also open to employees and retirees within the aviation industry within the United States and to those who live or work in the 13 counties of the Minneapolis/St. Paul Metro Area in Minnesota and those who live, worship or work in the Puget Sound Area of Seattle/Tacoma in Washington. Immediate family of current Wings members may also join.
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Wings Financial

Posted by: |

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

 

 

Positive CU Experience

I have been a member at Wings Financial for the last six years. So far, I have had nothing but positive experiences with this institution. All of their checking accounts have no fees and offer unique perks such as signature rewards. This means I am able to get cash back on purchases four times a year. Wings also does a good job of keeping up with a competitive market. They rolled out the chip debit cards in a reasonable amount of time which was very helpful for traveling to countries that required chip-based transactions. They also have savings accounts that are quite good. I have both a standard savings and "money manager" that I use for a separate savings account. Wings also offers money market accounts and one of these options even has check writing capabilities.

Great Credit Union

Posted by: |

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!

Only If You Like Wasting Your Time

They are terribly organized. Different departments refuse to work with each other to resolve issues. You'll waste hours of time trying to get answers and resolution for even the most basic of requests. There are some nice people working there, but their hands are tied so they often cannot do anything to actually assist you. Plenty of other banks out there. Avoid this one at all costs.

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Health

Health Grade Components

Overall
NCUA #68601
Year Chartered1938
Employees637
Primary Regulator
Profit Margin
Return on Assets - YTD0.98%
Return on Equity - YTD12.49%
Annual Interest Income$161.0MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$8.05B$7.53B
LoansQ3 2022vs Q3 2021$5.32B$4.40B
DepositsQ3 2022vs Q3 2021$6.44B$6.17B
Equity CapitalQ3 2022vs Q3 2021$629.5MM$864.3MM
Loan Loss AllowanceQ3 2022vs Q3 2021$59.8MM$52.3MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$11.5MM$8.7MM
Real Estate OwnedQ3 2022vs Q3 2021$0$0
Rates
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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 cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Wings Financial Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.56%*$250k*-High Yield Savings
OTHER TIERS: 0.10% Up to $10k | 1.31% $10k - $50k | 1.46% $50k - $250k
1.56%*$250k*-High Yield IRA
OTHER TIERS: 0.10% Up to $10k | 1.31% $10k - $50k | 1.46% $50k - $250k
0.15%--Share Savings
0.15%--Money Manager Account
0.15%--Holiday Club Account
0.15%--IRA Share Account
0.15%--Business Share
0.15%--Everyday Business Savings

Wings Financial Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%*$2m*-Business Premium Money Market Account
OTHER TIERS: 0.10% Up to $10k | 0.55% $10k - $25k | 0.60% $25k - $100k | 0.90% $100k - $250k | 1.00% $250k - $500k | 1.36% $500k - $2m
0.25%*$100k*-Wings Investment Money Market Account
OTHER TIERS: 0.15% $5k - $50k | 0.20% $50k - $100k
0.25%*$100k*-Wings IRA Investment Money Market Account
OTHER TIERS: 0.15% $5k - $50k | 0.20% $50k - $100k

Wings Financial Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.04%*-$25kHigh Yield Checking
OTHER TIERS: 0.01% $25k+
0.05%$5k-Advantage Business Checking
0.01%--First Class Checking Account (Share Draft)
0.01%--Student Spend Account

Wings Financial Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.59%*$100k*-18 Month CD Special - New Money
OTHER TIERS: 4.58% $500 - $100k
4.07%*$100k*- 14 Month Certificate Special
OTHER TIERS: 4.06% $500 - $100k
2.73%*$250k*-5 Year Certificate
OTHER TIERS: 2.58% $500 - $10k | 2.63% $10k - $100k | 2.68% $100k - $250k
2.73%*$250k*-Business 5 Year Certificate
OTHER TIERS: 2.58% $500 - $10k | 2.63% $10k - $100k | 2.68% $100k - $250k
2.58%*$250k*-5 Year Step Up Certificate
OTHER TIERS: 2.43% $500 - $10k | 2.48% $10k - $100k | 2.53% $100k - $250k
2.58%*$250k*-Business 5 Year Step Up Certificate
OTHER TIERS: 2.43% $500 - $10k | 2.48% $10k - $100k | 2.53% $100k - $250k
2.53%*$250k*-4 Year Certificate
OTHER TIERS: 2.37% $500 - $10k | 2.42% $10k - $100k | 2.48% $100k - $250k
2.53%*$250k*-Business 4 Year Certificate
OTHER TIERS: 2.37% $500 - $10k | 2.42% $10k - $100k | 2.48% $100k - $250k
2.32%*$250k*-3 Year Certificate
OTHER TIERS: 2.17% $500 - $10k | 2.22% $10k - $100k | 2.27% $100k - $250k
2.32%*$250k*-Business 3 Year Certificate
OTHER TIERS: 2.17% $500 - $10k | 2.22% $10k - $100k | 2.27% $100k - $250k
1.81%*$250k*-2 Year Certificate
OTHER TIERS: 1.66% $500 - $10k | 1.71% $10k - $100k | 1.76% $100k - $250k
1.81%*$250k*-Business 2 Year Certificate
OTHER TIERS: 1.66% $500 - $10k | 1.71% $10k - $100k | 1.76% $100k - $250k
1.66%*$250k*-1 Year Certificate
OTHER TIERS: 1.51% $500 - $10k | 1.56% $10k - $100k | 1.61% $100k - $250k
1.66%*$250k*-Business 1 Year Certificate
OTHER TIERS: 1.51% $500 - $10k | 1.56% $10k - $100k | 1.61% $100k - $250k
1.46%$500-12 Month Add-On Certificate
1.26%*$250k*-6 Month Certificate
OTHER TIERS: 1.10% $500 - $10k | 1.15% $10k - $100k | 1.21% $100k - $250k
1.11%*$250k*-3 Month Certificate
OTHER TIERS: 0.95% $500 - $10k | 1.00% $10k - $100k | 1.05% $100k - $250k

Wings Financial Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.59%*$100k*-18 Month IRA Special - New Money
OTHER TIERS: 4.58% $500 - $100k
4.07%*$100k*-14 Month IRA Special
OTHER TIERS: 4.06% $500 - $100k
2.73%*$250k*-5 Year IRA
OTHER TIERS: 2.58% $500 - $10k | 2.63% $10k - $100k | 2.68% $100k - $250k
2.58%*$250k*-5 Year Step Up IRA
OTHER TIERS: 2.43% $500 - $10k | 2.48% $10k - $100k | 2.53% $100k - $250k
2.53%*$250k*-4 Year IRA
OTHER TIERS: 2.37% $500 - $10k | 2.42% $10k - $100k | 2.48% $100k - $250k
2.32%*$250k*-3 Year IRA
OTHER TIERS: 2.17% $500 - $10k | 2.22% $10k - $100k | 2.27% $100k - $250k
1.81%*$250k*-2 Year IRA
OTHER TIERS: 1.66% $500 - $10k | 1.71% $10k - $100k | 1.76% $100k - $250k
1.66%*$250k*-1 Year IRA
OTHER TIERS: 1.51% $500 - $10k | 1.56% $10k - $100k | 1.61% $100k - $250k
1.46%$500-12 Month Add-On IRA
1.26%*$250k*-6 Month IRA
OTHER TIERS: 1.10% $500 - $10k | 1.15% $10k - $100k | 1.21% $100k - $250k
1.11%*$250k*-3 Month IRA
OTHER TIERS: 0.95% $500 - $10k | 1.00% $10k - $100k | 1.05% $100k - $250k
Locations

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