Wings Credit Union
Legal name: Wings Financial Credit Union
Nonprofit profile at a glance
- EIN
- 416028665
- IRS 990 coverage
- 2011–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-N 2015
- Location
- Apple Valley, MN, USA
- Phone
- (800) 692-2274
- Rating confidence
- Limited
Reported finances
- Revenue
- $476,138,898
- Expenses
- $470,089,500
- Assets
- $9,371,410,076
- Liabilities
- $8,504,582,160
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- R FRANK WEIDNER (PRESIDENT/CEO)
Highest reported compensation
- R FRANK WEIDNER (PRESIDENT/CEO): $7,605,995 total reported compensation
- NORM CREVELING (SVP - CHIEF LENDING OFFICER): $880,445 total reported compensation
- GREGORY HIGGINS (SVP - CHIEF ADMINISTRATION OFFICER/GENERAL COUNSEL): $874,951 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Giving your dreams flight through exceptional service and value. Wings has a longstanding commitment to making a positive difference in the communities we serve – including the local areas where we operate, as well as the organizations we partner with. To benefit and strengthen these communities, Wings provides active volunteer efforts and financial donations. American Cancer Society Relay for Life A community-based walk event to raise funds for cancer research and improving patients' quality of life. A humanitarian organization that provides emergency assistance, disaster relief, and disaster preparedness education. The American Red Cross Toys for Tots.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 89
- Accountability: 87
- Sustainability: 52
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 85.7%; rating input score 86; 32nd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.3%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 19.94; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.91; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 3.2%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 9.8% per year; rating input score 100; 76th percentile among comparable filings
- Asset growth: 8.5% per year; rating input score 100; 62nd percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 6 of 7 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $7.6M · 21 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $17.1M reported
- Consistency: 12 of 12 current checks pass
- Schedules: 5 filed schedules · includes executive pay and related organizations
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 28 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 39/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 12/100.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.