Overview
What is Wings Financial Credit Union?
Wings Financial Credit Union is a Minnesota-based credit union, with its headquarters located at 14985 Glazier Avenue in Apple Valley (ZIP code 55124). With a strong commitment to its members, this state-chartered financial institution offers a range of lending services and had 166,322 outstanding loans worth over $5.5 billion as of December 31, 2022. Dedicated to providing financial products and services, the mission of Wings Financial Credit Union is to foster a cooperative spirit and help its members realize their financial aspirations. The organization boasts a workforce of 822 employees.
Official website here: www.wingsfinancial.com
Is Wings Financial Credit Union legitimate?
Wings Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Wings Financial Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $8,122,731
Professional Fundraising Fees: $0
Other Salaries and Wages: $70,028,409
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Official website here: www.wingsfinancial.com
What is the mission statement of Wings Financial Credit Union?
Wings Financial Credit Union is dedicated to delivering financial products and services to its member base. This commitment to its members is rooted in the cooperative spirit, which aims to help them achieve their financial goals. The credit union's branches extend beyond just offering loans, as it had 166,322 outstanding loans with an aggregate balance of over $5.5 billion at the end of 2022. By embracing the cooperative ethos, Wings Financial Credit Union takes flight in enabling its members to soar financially.
Official website here: www.wingsfinancial.com
Who is the CEO of Wings Financial Credit Union?
R Frank Weidner is the CEO of Wings Financial Credit Union The CEO's salary of Wings Financial Credit Union is $1,926,651 and their total compensation is $3,762,566.
Official website here: www.wingsfinancial.com
What is the revenue of Wings Financial Credit Union?
Wings Financial Credit Union's revenue in 2023 was $421,625,656.
Official website here: www.wingsfinancial.com
Who are the executives of Wings Financial Credit Union and what are their salaries?
The average compensation at Wings Financial Credit Union during 2023 was $81,492. There are 959 employees at Wings Financial Credit Union.
Here are 18 key members and their salaries (Wings Financial Credit Union's CEO's salary is $1,926,651 and their total compensation is $3,762,566):
- Compensation: $1,926,651
- Related: $0
- Other: $1,835,915
- Compensation: $50,000
- Related: $0
- Other: $0
- Compensation: $44,000
- Related: $0
- Other: $0
- Compensation: $44,000
- Related: $0
- Other: $0
- Compensation: $44,000
- Related: $0
- Other: $0
- Compensation: $44,000
- Related: $0
- Other: $0
- Compensation: $43,000
- Related: $0
- Other: $0
- Compensation: $597,287
- Related: $0
- Other: $247,083
- Compensation: $672,850
- Related: $0
- Other: $51,047
- Compensation: $669,304
- Related: $0
- Other: $51,047
- Compensation: $647,573
- Related: $0
- Other: $41,191
- Compensation: $536,984
- Related: $0
- Other: $50,942
- Compensation: $474,810
- Related: $0
- Other: $51,047
- Compensation: $407,177
- Related: $0
- Other: $42,393
- Compensation: $407,009
- Related: $0
- Other: $39,444
- Compensation: $322,387
- Related: $0
- Other: $50,047
- Compensation: $315,022
- Related: $0
- Other: $41,813
- Compensation: $274,265
- Related: $0
- Other: $45,202
Official website here: www.wingsfinancial.com
Where can I find the form 990 for Wings Financial Credit Union?
Wings Financial Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wingsfinancial.com
Learn more at the official website: www.wingsfinancial.com
Mission Statement of Wings Financial Credit Union
Wings Financial Credit Union, a state-chartered financial institution, dedicates itself to helping its members take wing and realize their financial aspirations. Embracing the cooperative spirit, this credit union goes beyond offering basic financial products and services; it gives flight to its members' dreams.
With a sizable portfolio of 166,322 loans outstanding as of December 31, 2022, Wings Financial Credit Union provides a multitude of lending services to its membership. Boasting combined loan balances totaling $5,533,413,170, the credit union's commitment to its members is evident in its vast array of loan offerings.
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Impact
October, 2024
Wings Financial Credit Union has a significant impact on its members and the community by offering a wide range of financial products and services. With over 166,000 loans outstanding, amounting to more than $5.5 billion, it plays a crucial role in facilitating personal financial growth and stability. Located in Apple Valley, Minnesota, Wings Financial focuses on empowering its members to achieve their financial dreams through cooperative principles. This commitment not only enriches individual lives but also contributes positively to the broader community by fostering economic development and financial literacy among its members. By prioritizing the financial aspirations of its members, Wings Financial enhances overall public benefit in the region.
This information is meant to be a general summary of Wings Financial Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $64,271,786
- Program Service Revenue: $357,518,289
- Gross Receipts: $567,705,332
Assets and Liabilities:
- Total Assets: $8,422,113,483
- Total Liabilities: $7,755,720,134
- Net Assets: $666,393,349
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$284,730,340
OTHER OPERATING INCOME
Revenue
$56,545,017
FEE INCOME
Revenue
$16,242,932
Organization Details
Founding Year
1938
Principal Officer
R Frank Weidner
Website
www.wingsfinancial.comNTEE Category
Code: W60 - Public benefit
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