WINGS FINANCIAL CREDIT UNION: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- WINGS FINANCIAL CREDIT UNION (EIN 41-6028665)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-05-15
- IRS object ID
- 202311359349314101
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-05-15T15:24:55-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 109 N MAIN STREET SUITE 200 | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55912 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 416028665 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WINGS FINANCIAL CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WING | BusinessNameControlTxt |
| Phone | 9529978000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14985 GLAZIER AVENUE | AddressLine1Txt |
| City | APPLE VALLEY | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55124 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VIKRAM K ISRANI | PersonNm |
| Person Title | SVP & CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 9529978000 | PhoneNum |
| Signature | 2023-05-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | VIKRAM | PersonFirstNm |
| Person Last | ISRANI | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TANYA MEDGAARDEN | PreparerPersonNm |
| PTIN | P01717240 | PTIN |
| Phone | 5074347000 | PhoneNum |
| Preparation | 2023-05-12 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | R FRANK WEIDNER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14985 GLAZIER AVENUE | AddressLine1Txt |
| City | APPLE VALLEY | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55124 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $587,385,757 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WINGSFINANCIAL.COM | WebsiteAddressTxt |
| Type Of Organization Other | Yes (X) | TypeOfOrganizationOtherInd |
| Other Organization Dsc | CU | OtherOrganizationDsc |
| Formation | 1938 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE FINANCIAL PRODUCTS AND SERVICES TO OUR MEMBERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 822 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $127,471 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $230,927,296 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $252,655,649 | CYProgramServiceRevenueAmt |
| PY Investment Income | $52,746,044 | PYInvestmentIncomeAmt |
| CY Investment Income | $51,273,416 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$2,288,604 | PYOtherRevenueAmt |
| CY Other Revenue | $1,203,183 | CYOtherRevenueAmt |
| PY Total Revenue | $281,384,736 | PYTotalRevenueAmt |
| CY Total Revenue | $305,132,248 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $31,742,123 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $38,488,960 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $72,570,038 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $76,973,505 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $87,361,724 | PYOtherExpensesAmt |
| CY Other Expenses | $97,025,616 | CYOtherExpensesAmt |
| PY Total Expenses | $191,673,885 | PYTotalExpensesAmt |
| CY Total Expenses | $212,488,081 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $89,710,851 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $92,644,167 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $7,846,662,395 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,422,113,483 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $6,980,924,736 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,755,720,134 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $865,737,659 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $666,393,349 | NetAssetsOrFundBalancesEOYAmt |
| Mission | EMBRACE THE COOPERATIVE SPIRIT TO GIVE FLIGHT TO OUR MEMBERS' FINANCIAL DREAMS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | AS A STATE CHARTERED CREDIT UNION WE PROVIDE A VARIETY OF LENDING SERVICES TO OUR MEMBERSHIP. THE CREDIT UNION HAD 166,322 LOANS OUTSTANDING AS OF 12/31/22 WITH BALANCES OF $5,533,413,170. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | AS A STATE CHARTERED CREDIT UNION, WE PROVIDE A VARIETY OF DEPOSITORY SERVICES TO OUR MEMBERSHIP. THE CREDIT UNION HAD 730,625 MEMBER ACCOUNTS WITH DEPOSITS OF $6,400,851,629 AS OF 12/31/22. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 80546 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 822 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VIKRAM K ISRANI | PersonNm |
| Phone | 9529978000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14985 GLAZIER AVENUE | AddressLine1Txt |
| City | APPLE VALLEY | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55124 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| R FRANK WEIDNER | |||||||
| PRESIDENT/CEO | 40.00 | Yes (X) | Yes (X) | $1,728,871 | $0 | $1,522,507 | |
| MARK PHOTIADES | |||||||
| DIRECTOR | 1.00 | Yes (X) | $34,500 | $0 | $0 | ||
| JOANN HARRIS | |||||||
| CHAIRMAN | 5.00 | Yes (X) | Yes (X) | $39,000 | $0 | $0 | |
| JULIE A RATH | |||||||
| VICE CHAIRMAN | 1.00 | Yes (X) | Yes (X) | $33,000 | $0 | $0 | |
| GREGORY MILLER | |||||||
| SECRETARY/TREASURER | 1.00 | Yes (X) | Yes (X) | $33,000 | $0 | $0 | |
| GEOFF HECK | |||||||
| DIRECTOR | 1.00 | Yes (X) | $33,000 | $0 | $0 | ||
| CHERYL MINKS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $33,000 | $0 | $0 | ||
| JOHN J WAGNER | |||||||
| SVP/MEMBER EXPERIENCE | 40.00 | Yes (X) | $2,630,125 | $0 | $221,112 | ||
| GREGORY HIGGINS | |||||||
| SVP/CHIEF ADMIN OFF/GEN C | 40.00 | Yes (X) | $660,334 | $0 | $49,683 | ||
| VIKRAM K ISRANI | |||||||
| SVP/CHIEF FINANCIAL OFFICE | 40.00 | Yes (X) | $640,640 | $0 | $40,193 | ||
| NORM CREVELING | |||||||
| SVP/CHIEF LENDING OFFICER | 40.00 | Yes (X) | $589,023 | $0 | $245,040 | ||
| BRADLEY GRANT | |||||||
| SVP/CHIEF TECHNOLOGY OFFIC | 40.00 | Yes (X) | $368,111 | $0 | $49,683 | ||
| XIAOSONG HOU | |||||||
| SVP/CHIEF DIGITAL DATA & D | 40.00 | Yes (X) | $401,917 | $0 | $47,687 | ||
| JEFFREY PETRONACK | |||||||
| SR FINANCIAL ADVISOR | 40.00 | $346,508 | $0 | $38,789 | Yes (X) | ||
| MARC KENVILLE | |||||||
| SR FINANCIAL ADVISOR | 40.00 | $343,907 | $0 | $40,700 | Yes (X) | ||
| JOHN DEGELMAMN | |||||||
| SR FINANCIAL ADVISOR | 40.00 | $260,372 | $0 | $39,039 | Yes (X) | ||
| SHANE IRONS | |||||||
| SR FINANCIAL ADVISOR | 40.00 | $348,954 | $0 | $43,985 | Yes (X) | ||
| SCOTT RAMSDALE | |||||||
| VP - BUSINESS SERVICES | 40.00 | $266,520 | $0 | $43,467 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $8,790,782 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $2,381,885 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 144 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt | CityContractorAddress/ForeignAddress/CityNm | Province Or StateContractorAddress/ForeignAddress/ProvinceOrStateNm | CountryContractorAddress/ForeignAddress/CountryCd | Foreign PostalContractorAddress/ForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|
| PSCU | ||||||||||
| 560 CARILLON PARKWAY | SAINT PETERSBURG | FL | 33716 | VISA PROCESSING | $6,662,384 | |||||
| NOR-SON CONSTRUCTION LLC | ||||||||||
| 7900 HASTINGS ROAD | BAXTER | MN | 56425 | CONSTRUCTION | $3,315,873 | |||||
| ENGAGE PEOPLE | ||||||||||
| CARD REWARD PROCESSING | $2,420,949 | 1380 RODICK RD STE 300 | MARKHAM | ONTARIO | CA | L3R4G5 | ||||
| CLARITY COVERDALE FURY | ||||||||||
| 121 SOUTH 8TH STREET SUITE 1050 | MINNEAPOLIS | MN | 55402 | MARKETING SERVICES | $2,375,122 | |||||
| FIS | ||||||||||
| 601 RIVERSIDE AVENUE | JACKSONVILLE | FL | 32204 | CORE PROCESSING | $1,820,318 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 86 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| LOAN INTEREST | 522100 | $192,843,388 | $192,843,388 | |
| OTHER OPERATING INCOME | 522100 | $44,267,019 | $44,267,019 | |
| FEE INCOME | 522100 | $15,545,242 | $15,417,771 | $127,471 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $252,655,649 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $41,437,147 | TotalRevenueColumnAmt |
| Exclusion | $41,437,147 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $288,278,456 | SecuritiesAmt |
| Other | $3,811,322 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $278,272,061 | SecuritiesAmt |
| Other | $3,981,448 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $10,006,395 | SecuritiesAmt |
| Other | -$170,126 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,836,269 | TotalRevenueColumnAmt |
| Exclusion | $9,836,269 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER NON-OPERATING INCOME | Desc |
| Business | 522100 | BusinessCd |
| Total Revenue Column | $1,203,183 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,203,183 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,203,183 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $305,132,248 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $253,731,361 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $127,471 | UnrelatedBusinessRevenueAmt |
| Exclusion | $51,273,416 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,488,960 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,400,427 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,609,607 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,185,087 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,623,735 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,154,649 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $238,802 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,540,290 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,400,991 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,377,709 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,314,647 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $343,735 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,588,369 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,771,899 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION FOR LOAN LOSS | $13,948,724 |
| LOAN PROCESSING | $11,372,031 |
| ALL OTHER EXPENSES | $4,008,614 |
| OPERATING FEES | $119,805 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $212,488,081 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $245,411,256 | BOYAmt |
| EOY | $245,855,673 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,911,055 | BOYAmt |
| EOY | $4,676,070 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,475,465,091 | BOYAmt |
| EOY | $5,480,039,337 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,876,469 | BOYAmt |
| EOY | $121,896,363 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $112,037,651 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $40,089,984 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,938,998 | BOYAmt |
| EOY | $71,947,667 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,770,135,274 | BOYAmt |
| EOY | $2,298,991,436 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $199,924,252 | BOYAmt |
| EOY | $198,706,937 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,846,662,395 | BOYAmt |
| EOY | $8,422,113,483 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $623,853,618 | BOYAmt |
| EOY | $1,222,628,908 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,328,133 | BOYAmt |
| EOY | $5,890,498 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,351,742,985 | BOYAmt |
| EOY | $6,527,200,728 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,980,924,736 | BOYAmt |
| EOY | $7,755,720,134 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $865,737,659 | BOYAmt |
| EOY | $666,393,349 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $865,737,659 | BOYAmt |
| EOY | $666,393,349 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,846,662,395 | BOYAmt |
| EOY | $8,422,113,483 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $92,644,167 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$291,988,478 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $1 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $14,352,694 | OtherCostOrOtherBasisAmt |
| Book Value | $14,352,694 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $77,002,086 | OtherCostOrOtherBasisAmt |
| Depreciation | $26,029,916 | DepreciationAmt |
| Book Value | $50,972,170 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,682,871 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,060,068 | DepreciationAmt |
| Book Value | $6,622,803 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $71,947,667 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| SECURITIES - AFS | $2,244,162,436 | F |
| OTHER INVESTMENTS | $54,829,000 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $2,298,991,436 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBER SHARES AND DEPOSITS | Desc |
| Amt | $6,527,200,728 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $6,527,200,728 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | THE CREDIT UNION SERVICES MORTGAGE LOANS SOLD TO FNMA. CUSTODIAL ESCROW BALANCES ARE MAINTAINED IN CONNECTION WITH THESE LOANS. |
| PART X, LINE 2: | THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE 501 (C) (14), FROM FEDERAL AND STATE INCOME TAXES. THE WINGS FINANCIAL ADVISORS SUBSIDIARY IS A LIMITED LIABILITY CORPORATION WHOLLY OWNED BY THE CREDIT UNION. AS SUCH, IT IS A "PASS THROUGH" ENTITY AND ITS INCOME IS INCLUDED WITH THE CREDIT UNION FOR INCOME TAX PURPOSES. WINGS FINANCIAL CU'S CONVERSION TO A STATE CHARTERED CREDIT UNION ON OCTOBER 22, 2009 RESULTED IN ITS BEING SUBJECT TO UNRELATED BUSINESS INCOME TAX. ALSO AS A RESULT OF BECOMING A STATE CHARTERED CREDIT UNION WINGS FINANCIAL CU BEGAN PAYING STATE SALES AND USE TAXES. THE CREDIT UNION HAS FILED TAX RETURNS FOR ACTIVITIES THEY HAVE DEEMED TAXABLE. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2022 AND 2021 THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION'S 2018 THROUGH 2021 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES FOR THREE AND HALF YEARS. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R FRANK WEIDNER | ||||||||||||||
| PRESIDENT/CEO | $1,129,518 | $0 | $583,207 | $0 | $16,146 | $0 | $1,500,274 | $0 | $22,233 | $0 | $3,251,378 | $0 | $0 | $0 |
| JOHN J WAGNER | ||||||||||||||
| SVP/MEMBER EXPERIENCE | $413,973 | $0 | $203,973 | $0 | $2,012,179 | $0 | $198,879 | $0 | $22,233 | $0 | $2,851,237 | $0 | $0 | $0 |
| NORM CREVELING | ||||||||||||||
| SVP/CHIEF LENDING OFFICER | $390,535 | $0 | $180,754 | $0 | $17,734 | $0 | $227,217 | $0 | $17,823 | $0 | $834,063 | $0 | $0 | $0 |
| GREGORY HIGGINS | ||||||||||||||
| SVP/CHIEF ADMIN OFF/GEN C | $439,770 | $0 | $202,066 | $0 | $18,498 | $0 | $27,450 | $0 | $22,233 | $0 | $710,017 | $0 | $0 | $0 |
| VIKRAM K ISRANI | ||||||||||||||
| SVP/CHIEF FINANCIAL OFFICE | $429,619 | $0 | $198,246 | $0 | $12,775 | $0 | $17,960 | $0 | $22,233 | $0 | $680,833 | $0 | $0 | $0 |
| XIAOSONG HOU | ||||||||||||||
| SVP/CHIEF DIGITAL DATA & D | $316,784 | $0 | $74,926 | $0 | $10,207 | $0 | $27,450 | $0 | $20,237 | $0 | $449,604 | $0 | $0 | $0 |
| BRADLEY GRANT | ||||||||||||||
| SVP/CHIEF TECHNOLOGY OFFIC | $277,857 | $0 | $78,587 | $0 | $11,667 | $0 | $27,450 | $0 | $22,233 | $0 | $417,794 | $0 | $0 | $0 |
| SHANE IRONS | ||||||||||||||
| SR FINANCIAL ADVISOR | $38,652 | $0 | $310,002 | $0 | $300 | $0 | $22,851 | $0 | $21,134 | $0 | $392,939 | $0 | $0 | $0 |
| JEFFREY PETRONACK | ||||||||||||||
| SR FINANCIAL ADVISOR | $38,491 | $0 | $307,669 | $0 | $348 | $0 | $17,556 | $0 | $21,233 | $0 | $385,297 | $0 | $0 | $0 |
| MARC KENVILLE | ||||||||||||||
| SR FINANCIAL ADVISOR | $39,310 | $0 | $302,999 | $0 | $1,598 | $0 | $22,876 | $0 | $17,824 | $0 | $384,607 | $0 | $0 | $0 |
| SCOTT RAMSDALE | ||||||||||||||
| VP - BUSINESS SERVICES | $205,942 | $0 | $57,678 | $0 | $2,900 | $0 | $24,644 | $0 | $18,823 | $0 | $309,987 | $0 | $0 | $0 |
| JOHN DEGELMAMN | ||||||||||||||
| SR FINANCIAL ADVISOR | $36,304 | $0 | $223,206 | $0 | $862 | $0 | $22,903 | $0 | $16,136 | $0 | $299,411 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | R FRANK WEIDNER - $5,069 - TAX INDEMNIFICATION AND GROSS-UP PAYMENTS, AUTO LEASE JOHN WAGNER - $8,727 - TAX INDEMNIFICATION AND GROSS-UP PAYMENTS, AUTO REIMBURSEMENT GREGORY HIGGINS - $8,727 - TAX INDEMNIFICATION AND GROSS-UP PAYMENTS, AUTO REIMBURSEMENT VIKRAM ISRANI - $8,727 - TAX INDEMNIFICATION AND GROSS-UP PAYMENTS, AUTO REIMBURSEMENT NORMAN CREVELING - $8,727 - TAX INDEMNIFICATION AND GROSS-UP PAYMENTS, AUTO REIMBURSEMENT BRADLEY GRANT - $8,727 - TAX INDEMNIFICATION AND GROSS-UP PAYMENTS, AUTO REIMBURSEMENT XIAOSONG HOU - $8,727 - TAX INDEMNIFICATION AND GROSS-UP PAYMENTS, AUTO REIMBURSEMENT R. FRANK WEIDNER - $5,635 - TAX INDEMNIFICATION AND GROSS-UP PAYMENTS, PRIZE JOHN WAGNER - $5,635 - TAX INDEMNIFICATION AND GROSS-UP PAYMENTS, PRIZE NORM CREVELING - $5,635 - TAX INDEMNIFICATION AND GROSS-UP PAYMENTS, PRIZE JOHN DEGELMANN - $200 - TAX INDEMNIFICATION AND GROSS-UP PAYMENTS, PRIZE GREGORY HIGGINS - $512 - TAX INDEMINIFICATION AND GROSS-UP PAYMENTS, YEARS OF SERVICE AWARD NORMAN CREVELING - $273 - TAX INDEMNIFICATION AND GROSS-UP PAYMENTS, YEARS OF SERVICE AWARD JOHN DEGELMANN - $318 - TAX INDEMNIFICATION AND GROSS-UP PAYMENTS, YEARS OF SERVICE AWARD |
| PART I, LINE 4B | R FRANK WEIDNER - PARTICIPATED IN 457(F) PLAN, NO PAYMENTS RECEIVED GREGORY W HIGGINS - PARTICIPATED IN 457(F) PLAN, RECEIVED $2,000,000 SCHEDULED PAYOUT VIKRAM K ISRANI - PARTICIPATED IN 457(F) PLAN, PLAN RESCINDED IN DECEMBER NORM CREVELING - PARTICIPATED IN 457 (F) PLAN, NO PAYMENTS RECEIVED BRADLEY GRANT - PARTICIPATED IN 457 (F) PLAN, PLAN RESCINDED IN DECEMBER XIAOSONG HOU - PARTICIPATED IN 457 (F) PLAN, PLAN RESCINDED IN DECEMBER |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | NORMAN CREVELING | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | CURRENT OFFICER FOR WINGS FINANCIAL CU | RelationshipDescriptionTxt |
| Transaction | $12,000 | TransactionAmt |
| Transaction | SERVES AS A DIRECTOR FOR SERVION, INC FOR MORTGAGE ORIGINATION AND MORTGAGE SERVICING DURING 2022. | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERSHIP IS AVAILABLE TO EMPLOYEES AND RETIREES OF ENTITIES ENGAGED IN THE AIR TRANSPORTATION INDUSTRY WHO WORK IN THE UNITED STATES. EMPLOYEES OF THE SOO LINE RAILROAD(NOW CP RAIL) WHO ARE PAID OUT OF NORTHERN MINNESOTA AND NORTH DAKOTA ARE ALSO ELIGIBLE FOR MEMBERSHIP. MEMBERS OF THE IMMEDIATE FAMILIES OF REGULARLY QUALIFIED MEMBERS MAY ALSO BECOME MEMBERS. ALSO ELIGIBLE FOR MEMBERSHIP ARE INDIVIDUALS WHO LIVE, WORK, OR WORSHIP IN MANY COUNTIES IN MINNESOTA, WISCONSIN, MICHIGAN, FLORIDA, GEORGIA AND WASHINGTON AS WELL AS THEIR FAMILIES. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS ELECT THE BOARD OF DIRECTORS. EACH MEMBER IS ENTITLED TO 1 VOTE. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBERS VOTE ON CHARTER CHANGES AND ELECTION OF BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 WILL BE REVIEWED BY OFFICERS PRIOR TO ITS FILING AND WILL BE PRESENTED TO THE BOARD OF DIRECTORS AND THE SUPERVISORY COMMITTEE AS AN INFORMATIONAL REPORT. |
| FORM 990, PART VI, SECTION B, LINE 12C | HR AUDITS TEST WHETHER OR NOT ALL EMPLOYEES HAVE EXECUTED THE ACKNOWLEDGMENT OF THE CODE OF ETHICS (INCLUDING CONFLICT OF INTEREST RULES). OFFICERS, DIRECTORS, AND KEY EMPLOYEES REVIEW AND ACKNOWLEDGE THE CODE OF ETHICS AND CONFLICTS OF INTEREST POLICY ANNUALLY. CONFLICTS OF INTEREST (OR POTENTIAL CONFLICTS) ARE DISCLOSED ANNUALLY. ANY NEW CONFLICT OR POTENTIAL CONFLICT IS REQUIRED TO BE DISCLOSED AT OR BEFORE THE TIME IT ARISES. ANY CONFLICTS ARE REVIEWED BY COUNSEL AND REPORTED TO THE BOARD'S GOVERNANCE COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PRESIDENT/CEO COMPENSATION REVIEW IS CONDUCTED ANNUALLY BY THE BOARD COMPENSATION AND GOVERNANCE COMMITTEE AS A COMPONENT OF A FORMAL PERFORMANCE REVIEW PROGRAM. THE COMMITTEES RETAIN OUTSIDE ADVISORS TO PROVIDE MARKET DATA AND RECOMMENDATIONS. THE COMPENSATION COMMITTEE MAKES A RECOMMENDATION TO THE GOVERNANCE COMMITTEE AND THE GOVERNANCE COMMITTEE DETERMINES COMPENSATION LEVEL FOR THE CEO. THIS WAS LAST COMPLETED IN 2022. EXECUTIVE OFFICER COMPENSATION REVIEW IS CONDUCTED ANNUALLY BY THE BOARD COMPENSATION AND GOVERNANCE COMMITTEES IN CONJUNCTION WITH A FORMAL ANNUAL REVIEW PROGRAM CONDUCTED BY THE PRESIDENT/CEO. COMPENSATION LEVELS ARE EVALUATED AGAINST MARKET COMPENSATION DATA PROVIDED BY INDEPENDENT EXECUTIVE COMPENSATION SOURCES, CHANGES IN AVERAGE MARKET COMPENSATION TRENDS, AND INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE. THIS WAS LAST COMPLETED IN 2022. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CREDIT UNION'S FINANCIAL STATEMENTS ARE POSTED ON THE NCUA WEBSITE AND IN BRANCH LOBBIES. GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS NOT AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XI, LINE 9: | ROUNDING 1. |
| FORM 990, PART XII, LINE 2C: | THE SUPERVISORY COMMITTEE OVERSEES THE AUDIT AND THE SELECTION OF AN INDEPENDENT AUDITOR AND THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WINGS FINANCIAL ADVISORS LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14985 GLAZIER AVENUE | AddressLine1Txt |
| City | APPLE VALLEY | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55425 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 412012281 | EIN |
| Primary Activities | TAX/ACCOUNTING SERVICES | PrimaryActivitiesTxt |
| Legal Domicile State | MN | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WINGS FINANCIAL CREDIT UNION | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WINGS FINANCIAL FOUNDATION (PREVIOUSLY DONALD R WAHLUND FDN) | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14985 GLAZIER AVENUE | AddressLine1Txt |
| City | APPLE VALLEY | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55124 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411929671 | EIN |
| Primary Activities | YOUTH EDUCATION | PrimaryActivitiesTxt |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | PF | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WINGS FINANCIAL FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |