WINGS FINANCIAL CREDIT UNION: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- WINGS FINANCIAL CREDIT UNION (EIN 41-6028665)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-05-09
- IRS object ID
- 201701299349302460
- Schema version
- 2016v3.0
- 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 | 2017-05-09T14:43:07-05:00 | ReturnTs |
| Tax Period End | 2016-12-31 | 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 | PO BOX 217 | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55912 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | 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 | CHIEF RISK & FINANCE OFFICER | PersonTitleTxt |
| Phone | 9529978000 | PhoneNum |
| Signature | 2017-05-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TANYA MEDGAARDEN | PreparerPersonNm |
| PTIN | P01717240 | PTIN |
| Phone | 5074347000 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 67.137.57.251 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-05-08 | IPDt |
| IP Tm | 10:58:21 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | F443134CF856ADABD88748070CF002D5F9894249 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 49FF17CAA3AD5322734E871A13C803864389E663 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | 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 | $627,186,077 | 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 | 571 | TotalEmployeeCnt |
| Total Volunteers | 6 | TotalVolunteersCnt |
| Total Gross UBI | $254,937 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $53,696 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $96,811,150 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $107,365,010 | CYProgramServiceRevenueAmt |
| PY Investment Income | $45,568,680 | PYInvestmentIncomeAmt |
| CY Investment Income | $50,811,315 | CYInvestmentIncomeAmt |
| PY Other Revenue | $107,900 | PYOtherRevenueAmt |
| CY Other Revenue | $101,683 | CYOtherRevenueAmt |
| PY Total Revenue | $142,487,730 | PYTotalRevenueAmt |
| CY Total Revenue | $158,278,008 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $22,928,866 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $21,832,165 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $37,031,749 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $43,731,898 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $48,303,302 | PYOtherExpensesAmt |
| CY Other Expenses | $48,820,197 | CYOtherExpensesAmt |
| PY Total Expenses | $108,263,917 | PYTotalExpensesAmt |
| CY Total Expenses | $114,384,260 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $34,223,813 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $43,893,748 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $4,227,852,467 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,435,339,392 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,766,232,945 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,938,763,392 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $461,619,522 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $496,576,000 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO CONDUCT THE ORDINARY AND NECESSARY BUSINESS OF A CREDIT UNION INVOLVING THE RECEIVING OF SAVINGS FROM MEMBERS AND LENDING MONEY TO MEMBERS FOR PROVIDENT PURPOSES. | 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 120,859 LOANS OUTSTANDING AS OF 12/31/16 WITH BALANCES OF $2,204,363,660. | 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 481,102 MEMBER ACCOUNTS WITH DEPOSITS OF $3,802,355,050 AS OF 12/31/16. | 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 |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| 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 | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| 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 | 183265 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 571 | 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 |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| 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 | 0 | 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 | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| DALE S KARIYA | |||||||
| CHAIRMAN | 5.00 | Yes (X) | $12,000 | $0 | $0 | ||
| MARY S GRAHEK | |||||||
| VICE CHAIRMAN | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| LANCE A MILLER | |||||||
| SECRETARY/TREASURER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOANN HARRIS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARK PHOTIADES | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JULIE A RATH | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| R FRANK WEIDNER | |||||||
| PRESIDENT/CEO | 40.00 | Yes (X) | $927,712 | $0 | $1,867,969 | Yes (X) | |
| TIMOTHY A KEEGAN | |||||||
| SVP/CHIEF INVESTMENT OFFIC | 40.00 | $3,135,721 | $0 | $43,675 | Yes (X) | ||
| MARK S EVERSON | |||||||
| SVP/CHIEF LENDING OFFICER | 40.00 | $399,205 | $0 | $36,956 | Yes (X) | ||
| DAVID E MASON | |||||||
| SVP/DIGITAL & CHIEF INFORM | 40.00 | $338,421 | $0 | $807,833 | Yes (X) | ||
| JOHN J WAGNER | |||||||
| SVP/MEMBER EXPERIENCE | 40.00 | $404,380 | $0 | $789,961 | Yes (X) | ||
| GREGORY HIGGINS | |||||||
| SVP/CHIEF ADMIN OFF/GEN C | 40.00 | $380,378 | $0 | $149,586 | Yes (X) | ||
| VIKRAM K ISRANI | |||||||
| SVP/CHIEF RISK & FINANCE O | 40.00 | $408,886 | $0 | $380,829 | Yes (X) | ||
| JAMES BUCHHOLZ | |||||||
| VP-WINGS FINANCIAL ADVISOR | 40.00 | $186,379 | $0 | $19,853 | Yes (X) | ||
| BRAD BYERS | |||||||
| FINANCIAL ADVISOR | 40.00 | $178,349 | $0 | $39,951 | Yes (X) | ||
| SCOTT RAMSDALE | |||||||
| VP-BUSINESS SERVICES | 40.00 | $193,189 | $0 | $37,953 | Yes (X) | ||
| ROXANNE JOHNSON | |||||||
| VP - REAL ESTATE | 40.00 | $197,389 | $0 | $38,499 | Yes (X) | ||
| MICHAEL SAHR | |||||||
| VP - PAYMENT SERVICES | 40.00 | $165,468 | $0 | $39,449 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $6,927,477 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $4,252,514 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 44 | 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 |
|---|---|---|---|---|---|
| PSCU | |||||
| 560 CARILLON PARKWAY | SAINT PETERSBURY | FL | 33716 | VISA PROCESSING | $5,288,952 |
| CLARITY COVERDALE FURY | |||||
| 120 S 6TH STREET SUITE 1300 | MINNEAPOLIS | MN | 55402 | ADVERTISING | $1,427,739 |
| FIS | |||||
| PO BOX 435 | CAROL STREAM | IL | 60197 | INFORMATION SERVICES | $1,179,371 |
| CASE FINANCIAL | |||||
| 701 WEAVER BOULEVARD NW | ANOKA | MN | 55303 | ATM PROVIDER | $1,116,523 |
| MICRODYNAMICS GROUP | |||||
| 8580 SOLUTION CENTER | CHICAGO | IL | 60677 | HARDWARE/SOFTWARE | $861,192 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 71 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| LOAN INTEREST | 900099 | $74,068,488 | $74,068,488 | |
| OTHER OPERATING INCOME | 900099 | $24,379,554 | $24,379,554 | |
| FEE INCOME | 522100 | $8,916,968 | $8,763,714 | $153,254 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $107,365,010 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $47,282,751 | TotalRevenueColumnAmt |
| Exclusion | $47,282,751 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $432,597,000 | SecuritiesAmt |
| Other | $39,839,633 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $429,555,000 | SecuritiesAmt |
| Other | $39,353,069 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,042,000 | SecuritiesAmt |
| Other | $486,564 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,528,564 | TotalRevenueColumnAmt |
| Exclusion | $3,528,564 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INSTALLMENT SALE GAIN 2016 | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $101,683 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $101,683 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $101,683 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $158,278,008 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $107,211,756 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $254,937 | UnrelatedBusinessRevenueAmt |
| Exclusion | $50,811,315 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,832,165 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,083,512 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,474,583 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,408,744 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,803,452 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,961,607 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,716 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,032,719 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,098,213 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,573,954 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $171,282 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,065,831 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,667,948 | TotalAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION FOR LOAN LOSS | $3,141,647 |
| ALL OTHER EXPENSES | $828,911 |
| OPERATING FEES | $161,976 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $114,384,260 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $200,290,436 | BOYAmt |
| EOY | $204,242,640 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,779,424 | BOYAmt |
| EOY | $52,197,698 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,770,788 | BOYAmt |
| EOY | $23,369,963 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,773,635,595 | BOYAmt |
| EOY | $2,162,199,966 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,483,410 | BOYAmt |
| EOY | $103,895,029 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $60,344,956 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $24,138,855 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,686,368 | BOYAmt |
| EOY | $36,206,101 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,938,748,398 | BOYAmt |
| EOY | $1,791,153,082 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $151,458,048 | BOYAmt |
| EOY | $62,074,913 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,227,852,467 | BOYAmt |
| EOY | $4,435,339,392 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,636,870 | BOYAmt |
| EOY | $43,564,226 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,708,897 | BOYAmt |
| EOY | $2,844,117 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $140,000,000 | BOYAmt |
| EOY | $90,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,587,887,178 | BOYAmt |
| EOY | $3,802,355,049 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,766,232,945 | BOYAmt |
| EOY | $3,938,763,392 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
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 | $461,619,522 | BOYAmt |
| EOY | $496,576,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $461,619,522 | BOYAmt |
| EOY | $496,576,000 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,227,852,467 | BOYAmt |
| EOY | $4,435,339,392 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $43,893,748 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$8,835,587 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$101,683 | 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 | $8,006,873 | OtherCostOrOtherBasisAmt |
| Book Value | $8,006,873 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $33,645,134 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,368,494 | DepreciationAmt |
| Book Value | $24,276,640 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $18,692,949 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,770,361 | DepreciationAmt |
| Book Value | $3,922,588 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $36,206,101 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SECURITIES - AFS | Desc |
| Book Value | $1,791,153,082 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $1,791,153,082 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBER SHARES AND DEPOSITS | Desc |
| Amt | $3,802,355,049 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,802,355,049 | 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. THE WINGS FINANCIAL FOUNDATION IS EXEMPT FROM TAXES. 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, 2016 AND 2015. 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 2012 THROUGH 2015 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) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| 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 | Yes (1) | 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 | $708,917 | $0 | $204,429 | $0 | $14,366 | $0 | $1,842,560 | $0 | $25,409 | $0 | $2,795,681 | $0 | $0 | $0 |
| TIMOTHY A KEEGAN | ||||||||||||||
| SVP/CHIEF INVESTMENT OFFIC | $235,408 | $0 | $84,163 | $0 | $2,816,150 | $0 | $23,850 | $0 | $19,825 | $0 | $3,179,396 | $0 | $0 | $0 |
| MARK S EVERSON | ||||||||||||||
| SVP/CHIEF LENDING OFFICER | $319,197 | $0 | $79,551 | $0 | $457 | $0 | $23,850 | $0 | $13,106 | $0 | $436,161 | $0 | $0 | $0 |
| DAVID E MASON | ||||||||||||||
| SVP/DIGITAL & CHIEF INFORM | $269,808 | $0 | $66,199 | $0 | $2,414 | $0 | $787,411 | $0 | $20,422 | $0 | $1,146,254 | $0 | $0 | $0 |
| JOHN J WAGNER | ||||||||||||||
| SVP/MEMBER EXPERIENCE | $324,707 | $0 | $75,559 | $0 | $4,114 | $0 | $765,065 | $0 | $24,896 | $0 | $1,194,341 | $0 | $0 | $0 |
| GREGORY HIGGINS | ||||||||||||||
| SVP/CHIEF ADMIN OFF/GEN C | $304,151 | $0 | $75,382 | $0 | $845 | $0 | $123,850 | $0 | $25,736 | $0 | $529,964 | $0 | $0 | $0 |
| VIKRAM K ISRANI | ||||||||||||||
| SVP/CHIEF RISK & FINANCE O | $322,129 | $0 | $85,592 | $0 | $1,165 | $0 | $357,183 | $0 | $23,646 | $0 | $789,715 | $0 | $0 | $0 |
| JAMES BUCHHOLZ | ||||||||||||||
| VP-WINGS FINANCIAL ADVISOR | $186,109 | $0 | $0 | $0 | $270 | $0 | $6,926 | $0 | $12,927 | $0 | $206,232 | $0 | $0 | $0 |
| BRAD BYERS | ||||||||||||||
| FINANCIAL ADVISOR | $161,602 | $0 | $16,643 | $0 | $104 | $0 | $16,771 | $0 | $23,180 | $0 | $218,300 | $0 | $0 | $0 |
| SCOTT RAMSDALE | ||||||||||||||
| VP-BUSINESS SERVICES | $154,543 | $0 | $38,226 | $0 | $420 | $0 | $17,970 | $0 | $19,983 | $0 | $231,142 | $0 | $0 | $0 |
| ROXANNE JOHNSON | ||||||||||||||
| VP - REAL ESTATE | $156,840 | $0 | $40,208 | $0 | $341 | $0 | $18,409 | $0 | $20,090 | $0 | $235,888 | $0 | $0 | $0 |
| MICHAEL SAHR | ||||||||||||||
| VP - PAYMENT SERVICES | $141,133 | $0 | $23,947 | $0 | $388 | $0 | $15,551 | $0 | $23,898 | $0 | $204,917 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | TIMOTHY KEEGAN - $940 - TRAVEL FOR COMPANION, TAXABLE |
| PART I, LINES 4A-B | R FRANK WEIDNER - PARTICIPATED IN 457(F) PLAN, NO PAYMENTS RECEIVED VIKRAM K ISRANI - PARTICIPATED IN 457(F) PLAN, NO PAYMENTS RECEIVED TIMOTHY A KEEGAN - PARTICIPATED IN 457(F) PLAN, RECEIVED PAYMENT OF $2,518,836 DAVID E MASON - PARTICIPATED IN 457(F) PLAN, NO PAYMENTS RECEIVED JOHN J WAGNER - PARTICIPATED IN 457(F) PLAN, NO PAYMENTS RECEIVED GREGORY W HIGGINS - PARTICIPATED IN 457(F) PLAN, NO PAYMENTS RECEIVED TIMOTHY A KEEGAN - RECEIVED SERVERANCE PAY OF $293,679 |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (5 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| VIKRAM K ISRANI | |||||||
| SVP/CHIEF RISK & FINANCE OFFICER | SPLIT-DOLLAR LIFE INSURANCE UNDER REG 1.7872-15 | Yes (X) | $4,487,227 | $4,700,461 | 0 | Yes (1) | Yes (1) |
| DAVID E MASON | |||||||
| SVP/DIGITAL & CHIEF INFORMATION OFFICER | SPLIT-DOLLAR LIFE INSURANCE UNDER REG 1.7872-15 | Yes (X) | $3,928,287 | $4,265,358 | 0 | Yes (1) | Yes (1) |
| R FRANK WEIDNER | |||||||
| PRESIDENT/CEO | SPLIT-DOLLAR LIFE INSURANCE UNDER REG 1.7872-15 | Yes (X) | $6,403,029 | $6,988,032 | 0 | Yes (1) | Yes (1) |
| JOHN J WAGNER | |||||||
| SVP/CHIEF MEMBER EXPERIENCE | SPLIT-DOLLAR LIFE INSURANCE UNDER REG 1.7872-15 | Yes (X) | $3,669,789 | $4,007,870 | 0 | Yes (1) | Yes (1) |
| GREGORY HIGGINS | |||||||
| SVP/CHIEF ADMIN OFFICER/GENERAL COUNSEL | SPLIT-DOLLAR LIFE INSURANCE UNDER REG 1.7872-15 | Yes (X) | $3,127,526 | $3,408,242 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $23,369,963 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK EVERSON | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | CURRENT OFFICER FOR WINGS FINANCIAL CU | RelationshipDescriptionTxt |
| Transaction | $23,974 | TransactionAmt |
| Transaction | MARK EVERSON ALSO SERVES AS A DIRECTOR FOR CU COMPANIES INC. WINGS FINANCIAL CU PAID CU COMPANIES, INC FOR MORTGAGE ORIGINATION AND MORTGAGE SERVICING DURING 2016. | 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. MEMBERS OF IMMEDIATE FAMILIES OF REGULARLY QUALFIED MEMBERS MAY ALSO BECOME MEMBERS. AS OF OCTOBER 22, 2009, INDIVIDUALS WHO LIVE, WORK OR WORSHIP IN THE THIRTEEN COUNTY METRO AREA OF MINNEAPOLIS AND ST PAUL, MINNESOTA AND WESTERN WISCONSIN AS WELL AS THEIR FAMILIES BECAME ELIGIBLE FOR MEMBERSHIP. |
| 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 THE EMPLOYEE HAS EXECUTED THE ACKNOWLEDGEMENT OF THE CODE OF ETHICS (INCLUDING CONFLICT OF INTEREST RULES). GENERAL AUDITOR PERFORMS QUARTERLY TESTING TO DETERMINE WHETHER EMPLOYEES ARE PERFORMING TRANSACTIONS ON THEIR OWN DEPOSIT AND LOAN ACCOUNTS. VOLUNTEERS AND BOARD MEMBERS ARE ASKED ANNUALLY TO REAFFIRM THE EXISTENCE OF THE CODE OF ETHICS RESOLUTION (INCLUDING THE CONFLICT OF INTEREST ADMONITION). |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PRESIDENT/CEO COMPENSATION REVIEW IS CONDUCTED ANNUALLY BY THE BOARD EXECUTIVE COMMITTEE AS A COMPONENT OF A FORMAL PERFORMANCE REVIEW PROGRAM. COMPENSATION LEVELS ARE EVALUATED AGAINST MARKET COMPENSATION DATA OBTAINED FROM INDEPENDENT EXECUTIVE COMPENSATION SOURCES, CHANGES IN AVERAGE MARKET COMPENSATION, AND ORGANIZATIONAL PERFORMANCE. THIS WAS LAST COMPLETED IN 2016. EXECUTIVE OFFICER COMPENSATION REVIEW IS CONDUCTED ANNUALLY BY THE PRESIDENT/CEO IN CONJUNCTION WITH A FORMAL ANNUAL PERFORMANCE REVIEW PROGRAM. 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 2016. THIS WAS LAST DONE IN 2015 FOR 2016 COMPENSATION LEVELS. |
| 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: | BPPLTAX ADJUSTMENT ON INSTALLMENT SALE -101,683. |
| 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 | ACCOUNTING SERVICES | PrimaryActivitiesTxt |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Total Income | $402,147 | TotalIncomeAmt |
| End Of Year Assets | $1,474,284 | EndOfYearAssetsAmt |
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 CREDIT UNION | 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 | 0 | 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 |