2020 Overview
General Credit Union Information
Wings Financial is an NCUA insured institution located in Apple Valley, MN. It was founded in 1938 and has approximately $5468.24 millions in assets.
Who can join?
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.
In addition, those who live or work in the 13-county Minneapolis/St. Paul Metro area and the Seattle-Tacoma area as defined below are eligible for membership in Wings Financial.
The Wings Financial charter states that the field of membership is limited to those having the following common bond:
1. Employees of entities engaged in the Air Transportation Industry who work in the United States, meaning:
Employees of airlines;
Government employees who work directly in the administration, regulation, or security of airlines, airports, or air transportation; and
Employees who are located at an airport if they work directly with:
Air transportation of freight
Air courier services
Air and air transportation support and services; for example, janitorial services, airport baggage handling, aircraft cleaning, maintenance and repair services, and runway maintenance services; and
On-board airline food services.
The Industry does not include employees of retail shops, restaurants, travel agencies, hotels, or car rental companies even if located at an airport.
2. Employees of this credit union;
3. Persons retired as pensioners or annuitants from the above employment;
4. Spouses of persons who died while within the field of membership of this credit union;
5. Members of their immediate families and households;
6. Organizations of such persons;
7. Corporate or other legal entities in the charter.
and
Minneapolis-St. Paul, Minnesota, Metro Area
13-County Minneapolis/St. Paul Metro Area Community, including persons who live, work, worship, volunteer, or attend school in the applicable counties, as well as businesses and other legal entities located in the area.
and
Seattle-Tacoma, Washington, Metro Area
Seattle-Tacoma area, including persons who live, work, worship, volunteer, or attend school in nearly 90 applicable school districts, as well as businesses and other legal entities located in the area.
In addition to the groups detailed above, you may pass on your membership to your family. The chart on the right shows the relationships eligible for family memberships. These relationships include members' spouses, blood or adoptive relatives, stepparents, stepchildren, or step-siblings may become members.
| NCUA Insured | Yes |
| Charter Number # | # 68601 |
| Date Established | 1938 |
| Assets | $5,468.24 million |
| Loans | $3,684.35 million |
| Deposits | $4,417.58 million |
| Capital | $727.20 million |
Field of Membership Restrictions
Deposit Rates - April 6, 2020
Your Current Location: Connecticut, CT 06828
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.15% | $5 | - | Learn More |
|
Money Market
|
0.35% | $5,000 | $49,999 | Learn More |
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.15% | $5 | - | Learn More |
| Fixed IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Fixed IRA
|
1.21% | $500 | $9,999 | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $1 | - | Learn More |
Loan Rates - April 6, 2020
Your Current Location: Connecticut, CT 06828
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit | 6.50% | 6.50% | Varies | |
Compare with 3.5 RATE Line of Credit from People's United Bank, N.A.
See All Home Equity Rates |
||||
| Auto Loan Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 3 Year | 3.24% | 3.24% | $729.68 | |
| 4 Year | 3.49% | 3.49% | $558.79 | |
| 5 Year | 3.74% | 3.74% | $457.49 |
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 7 Year Adjustable Conforming | 3.41% | 3.25% | $1,088.02 | |
| 10 Year Adjustable Conforming | 3.49% | 3.38% | $1,105.93 | |
| 15 Year Fixed Conforming | 3.20% | 3.13% | $1,742.13 | |
| 20 Year Fixed Conforming | 3.31% | 3.25% | $1,417.99 | |
| 30 Year Fixed Jumbo | 3.52% | 3.50% | $1,122.61 | |
| 30 Year Fixed Conforming | 3.67% | 3.63% | $1,140.83 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 7 Year Adjustable Conforming | 3.41% | 3.25% | $1,088.02 | |
| 10 Year Adjustable Conforming | 3.49% | 3.38% | $1,105.93 | |
| 15 Year Fixed Conforming | 3.20% | 3.13% | $1,742.13 | |
| 20 Year Fixed Conforming | 3.31% | 3.25% | $1,417.99 | |
| 30 Year Fixed Jumbo | 3.52% | 3.50% | $1,122.61 | |
Compare with 4.668% APR and 4.625% 30-Year Fixed RATE from Quicken Loans NMLS #3030
See All Mortgage Rates |
||||
| 30 Year Fixed Conforming | 3.67% | 3.63% | $1,140.83 | |
|
Compare with 4.668% APR and 4.625% 30-Year Fixed RATE from Quicken Loans NMLS #3030
See All Mortgage Rates |
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Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Branches
Below are Wings Financial branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Fairfield,Connecticut
Wings Financial Locations
Financial Details
Wings Financial Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Wings Financial. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Wings Financial | U.S. Average |
|---|---|
| 2.69% | 5.92 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of September 30, 2019, Wings Financial had $18,289,202 in non-current loans and $1,741,211 in owned assets. To cover these potential losses it had $727,197,577 in net worth and $16,345,266 in loans loss reserves. That gives it a Texas Ratio of 2.69%.
Net Worth
| Wings Financial | U.S. Average |
|---|---|
| 13.29% | 13.86% |
Wings Financial FCU has a net worth of 13.29% versus the BestCashCow average of 13.86. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Frequently Asked Questions About Wings Financial
Branches and Savings
What is Wings Financial?
A federal credit union, registered with the NCUA under certificate #68601.
Learn more about credit unions here.
Is Wings Financial FDIC insured?
No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.
Who can join Wings Financial?
Please see Field of Membership information above for information on who is eligible to join.
How big is Wings Financial?
Wings Financial has total capital of $727.20 million. Full information on Wings Financial's financial position is located above.
Who owns Wings Financial?
Credit Unions are owned by their members.
Where are Wings Financial branches located?
See branch locations nearby.
Are Wings Financial ATMs Open 24/7?
Do Wings Financial ATMs accept cash deposits?
Can Wings Financial customers use other ATMs? What is the charge for withdrawing money from another ATM?
Does Wings Financial have a mobile app?
Does Wings Financial have mobile deposit?
Does Wings Financial have quick pay?
How can Wings Financial transfer money to other banks or credit unions?
Does Wings Financial report to credit bureaus?
Does Wings Financial use Chexsystems?
Does Wings Financial use Equifax?
What is Wings Financial's toll free phone number?
What is Wings Financial's ACH Routing Number?
What is Wings Financial's SWIFT code?
Where can I find Wings Financial's wire transfer form?
What is the Wings Financial address for deposits?
What Products Does Wings Financial Offer
Does Wings Financial offer home equity lines of credit and home equity loans?
Compare home equity lines of credit rates here.
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