Wings Financial Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Wings Financial Credit Union is a 501(c)(14) organization based in Apple Valley, Minnesota, registered in 1944, with $476,138,898 in FY2024 revenue. CharityIndex grades it A.
14985 Glazier Ave, Apple Valley, MN, 55124 EIN 41-6028665 Since 1944
Revenue (FY2024)
$476.1M
▲ 12.9% vs prior year
Expenses (FY2024)
$470.1M
Net assets
$866.8M
Employees
918
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Wings Financial Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating22 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Wings Financial Credit Union: 22 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Wings Financial Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Wings Financial Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide financial products and services to our members
What they do
As a state-chartered credit union, we provide a variety of depository services to our membership. wings financial credit union had 790,947 member accounts with balances of $7,018,623,729 as of 12/31/24.
Contact & location
- Address
- 14985 Glazier Ave, Apple Valley, MN, 55124
- City
- Apple Valley
- State
- Minnesota
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $137.4M (FY2013) to $476.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $8.5BNet assets $866.8M
Operating margin
1.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$9.4B
Total liabilities
$8.5B
Net assets
$866.8M
Salaries & benefits
$106.5M
23% of expenses
Board members
7
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $476,138,898▲12.9% | $470,089,500▲31.0% | $866,827,916▲6.6% | $9,371,410,076▼3.1% | 990 |
| 2023 | $421,625,656▲38.2% | $358,760,337▲68.8% | $813,333,933▲22.1% | $9,668,393,553▲14.8% | 990 |
| 2022 | $305,132,248▲8.4% | $212,488,081▲10.9% | $666,393,349▼23.0% | $8,422,113,483▲7.3% | 990 |
| 2021 | $281,384,736▲3.3% | $191,673,885▼0.5% | $865,737,659▲2.5% | $7,846,662,395▲16.6% | 990 |
| 2020 | $272,278,052▲10.7% | $192,710,710▲16.7% | $844,869,570▲14.2% | $6,727,159,629▲19.5% | 990 |
| 2019 | $245,858,767▲21.3% | $165,088,622▲23.9% | $740,071,690▲19.6% | $5,630,463,637▲11.2% | 990 |
| 2018 | $202,702,144▲11.3% | $133,203,161▲18.5% | $618,750,193▲9.3% | $5,065,188,998▲11.5% | 990 |
| 2017 | $182,127,782▲15.1% | $112,390,354▼1.7% | $565,877,005▲14.0% | $4,542,484,436▲2.4% | 990 |
| 2016 | $158,278,008▲11.1% | $114,384,260▲5.7% | $496,576,000▲7.6% | $4,435,339,392▲4.9% | 990 |
| 2015 | $142,487,730▲7.0% | $108,263,917▲4.7% | $461,619,522▲5.5% | $4,227,852,467▲4.2% | 990 |
| 2014 | $133,158,201▼3.1% | $103,430,606▲0.3% | $437,656,542▲20.8% | $4,056,408,342▲3.7% | 990 |
| 2013 | $137,378,482 | $103,139,551▼7.7% | $362,152,962▼14.3% | $3,910,000,174▲1.2% | 990 |
| 2012 | — | $111,788,173▼4.2% | $422,353,682▲14.9% | $3,864,394,191▲13.9% | 990 |
| 2011 | — | $116,670,256 | $367,676,752 | $3,393,445,347 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: R Frank Weidner — $7,538,476 (1.60% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| R Frank Weidner | President/ceo | 40 | $7,538,476 |
| Gregory Higgins | Svp - Chief Administration Officer/general Counsel | 40 | $801,784 |
| John Wagner | Svp - Chief Member Experience Officer | 40 | $796,067 |
| Norm Creveling | Svp - Chief Lending Officer | 40 | $717,516 |
| Xiaosong Hou | Svp - Chief Data and Technology Officer/cio | 40 | $677,445 |
| Bradley Grant | Former Svp - Chief Technology Officer | 40 | $609,022 |
| Vikram Israni | Former Svp - Chief Financial Officer | 40 | $436,752 |
| Marc Kenville | Sr Financial Advisor | 40 | $425,874 |
| Thomas Spitz | Executive Strategist | 40 | $396,481 |
| David Fink | Executive Strategist | 40 | $394,123 |
| Jeffrey Petronack | Sr Financial Advisor | 40 | $392,695 |
| Scott Kuhlman | Svp - Chief Financial Officer | 40 | $362,480 |
| Shane Irons | Sr Financial Advisor | 40 | $357,125 |
| Julie Rath | Chairman | 3 | $49,000 |
| Cheryl Minks | Secretary/treasurer | 3 | $44,000 |
| Geoff Heck | Director | 3 | $44,000 |
| Gregory Miller | Vice Chairman | 3 | $44,000 |
| Drew Boeke | Director | 3 | $41,667 |
| Elizabeth Caven | Director | 3 | $41,667 |
| Jo Ann Harris | Former Chairman | 3 | $12,500 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Velera | Debit/credit Card Processing | $7,875,953 |
| Lumin Digital LLC | Digital Banking | $2,587,214 |
| Anderson Cc Inc | Construction | $2,436,148 |
| Engage People Us | Card Rewards Processing | $2,366,839 |
| Clarity Coverdale Fury (ccf) | Marketing | $1,883,156 |
Frequently asked questions
- Is Wings Financial Credit Union a legitimate nonprofit?
- Yes. Wings Financial Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 41-6028665, based in Apple Valley, Minnesota.
- What is Wings Financial Credit Union's EIN?
- Wings Financial Credit Union's Employer Identification Number (EIN) is 41-6028665.
- How much revenue does Wings Financial Credit Union report?
- Wings Financial Credit Union reported $476,138,898 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Wings Financial Credit Union have?
- CharityIndex grades Wings Financial Credit Union A, based on financial health (reserves and operating margin).
- How much does Wings Financial Credit Union's highest-paid employee make?
- The highest reported compensation on Wings Financial Credit Union's latest Form 990 is $7,538,476, paid to R Frank Weidner (President/ceo).
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Explore more
Data for Wings Financial Credit Union (EIN 41-6028665) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.