Nonprofit · EIN 41-6028665
WINGS FINANCIAL CREDIT UNION
Tax-exempt · APPLE VALLEY, MN 55124
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $476,138,898 | $470,089,500 | $6,049,398 | $9,371,410,076 | $8,504,582,160 | $866,827,916 |
| December 31, 2023 | 990 | $421,625,656 | $358,760,337 | $62,865,319 | $9,668,393,553 | $8,855,059,620 | $813,333,933 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $407,523,296
- Investment income
- $67,530,028
- Net rental income
- $1,067,458
- Net gain from sales of assets
- -$932,459
- Other revenue
- $1,085,574
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $12,802,127
- Other salaries and wages
- $56,715,018
- Salaries, compensation and benefits (total)
- $106,506,451
- Professional fundraising fees
- $0
- Accounting fees
- $257,783
- Occupancy
- $6,695,714
- Travel
- $326,927
- Depreciation
- $8,660,463
Balance sheet and other
- Total assets, start of year
- $9,668,393,553
- Total assets, end of year
- $9,371,410,076
- Total liabilities, end of year
- $8,504,582,160
- Net assets, end of year
- $866,827,916
- Land, buildings and equipment
- $71,668,462
- Gross unrelated business income
- $100,148
- Gross receipts
- $594,181,686
- Employees
- 918
- Volunteers
- 0
- Year formed
- 1938
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| R FRANK WEIDNER | PRESIDENT/CEO Trustee or director, Officer | 40 | $7,538,476 | $67,519 |
| NORM CREVELING | SVP - CHIEF LENDING OFFICER Key employee | 40 | $717,516 | $162,929 |
| GREGORY HIGGINS | SVP - CHIEF ADMINISTRATION OFFICER/GENERAL COUNSEL Key employee | 40 | $801,784 | $73,167 |
| JOHN WAGNER | SVP - CHIEF MEMBER EXPERIENCE OFFICER Key employee | 40 | $796,067 | $75,589 |
| XIAOSONG HOU | SVP - CHIEF DATA AND TECHNOLOGY OFFICER/CIO Key employee | 40 | $677,445 | $71,399 |
| BRADLEY GRANT | FORMER SVP - CHIEF TECHNOLOGY OFFICER Key employee | 40 | $609,022 | $31,797 |
| MARC KENVILLE | SR FINANCIAL ADVISOR Highest-paid employee | 40 | $425,874 | $61,271 |
| VIKRAM ISRANI | FORMER SVP - CHIEF FINANCIAL OFFICER Officer | 40 | $436,752 | $29,126 |
| THOMAS SPITZ | EXECUTIVE STRATEGIST Highest-paid employee | 40 | $396,481 | $57,951 |
| DAVID FINK | EXECUTIVE STRATEGIST Highest-paid employee | 40 | $394,123 | $59,335 |
| JEFFREY PETRONACK | SR FINANCIAL ADVISOR Highest-paid employee | 40 | $392,695 | $56,693 |
| SCOTT KUHLMAN | SVP - CHIEF FINANCIAL OFFICER Officer | 40 | $362,480 | $63,226 |
| SHANE IRONS | SR FINANCIAL ADVISOR Highest-paid employee | 40 | $357,125 | $68,399 |
| JULIE RATH | CHAIRMAN Trustee or director, Officer | 3 | $49,000 | $0 |
| GREGORY MILLER | VICE CHAIRMAN Trustee or director, Officer | 3 | $44,000 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHERYL MINKS | SECRETARY/TREASURER Trustee or director, Officer | 3 | $44,000 |
| GEOFF HECK | DIRECTOR Trustee or director | 3 | $44,000 |
| DREW BOEKE | DIRECTOR Trustee or director | 3 | $41,667 |
| ELIZABETH CAVEN | DIRECTOR Trustee or director | 3 | $41,667 |
| JO ANN HARRIS | FORMER CHAIRMAN Trustee or director, Officer | 3 | $12,500 |
| MARK PHOTIADES | FORMER DIRECTOR Trustee or director | 3 | $11,000 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| R FRANK WEIDNER | PRESIDENT/CEO Trustee or director, Officer | 40 | $1,926,651 | $1,835,915 |
| NORM CREVELING | SVP/CHIEF LENDING OFFICER Officer | 40 | $597,287 | $247,083 |
| GREGORY HIGGINS | SVP/CHIEF ADMIN OFF/GEN C Officer | 40 | $672,850 | $51,047 |
| JOHN J WAGNER | SVP/MEMBER EXPERIENCE Officer | 40 | $669,304 | $51,047 |
| VIKRAM K ISRANI | SVP/CHIEF FINANCIAL OFFICE Officer | 40 | $647,573 | $41,191 |
| XIAOSONG HOU | SVP/CHIEF DIGITAL DATA & D Officer | 40 | $536,984 | $50,942 |
| BRADLEY GRANT | SVP/CHIEF TECHNOLOGY OFFIC Officer | 40 | $474,810 | $51,047 |
| MARC KENVILLE | SR FINANCIAL ADVISOR Highest-paid employee | 40 | $407,177 | $42,393 |
| JEFFREY PETRONACK | SR FINANCIAL ADVISOR Highest-paid employee | 40 | $407,009 | $39,444 |
| SHANE IRONS | SR FINANCIAL ADVISOR Highest-paid employee | 40 | $322,387 | $50,047 |
| JOHN DEGELMAMN | SR FINANCIAL ADVISOR Highest-paid employee | 40 | $315,022 | $41,813 |
| SCOTT RAMSDALE | VP - BUSINESS SERVICES Highest-paid employee | 40 | $274,265 | $45,202 |
| JOANN HARRIS | CHAIRMAN Trustee or director, Officer | 3 | $50,000 | $0 |
| JULIE A RATH | VICE CHAIRMAN Trustee or director, Officer | 3 | $44,000 | $0 |
| GREGORY MILLER | SECRETARY/TREASURER Trustee or director, Officer | 3 | $44,000 | $0 |
| GEOFF HECK | DIRECTOR Trustee or director | 3 | $44,000 | $0 |
| CHERYL MINKS | DIRECTOR Trustee or director | 3 | $44,000 | $0 |
| MARK PHOTIADES | DIRECTOR Trustee or director | 3 | $43,000 | $0 |
Address and contacts
- Address (IRS master file)
- 14985 GLAZIER AVE, APPLE VALLEY, MN 55124-7484
- In care of
- % PAYROLL
- Mailing address (990-N for 2015)
- 5537 26th Avenue South, Minneapolis MN 55417
- Principal officer (990 for 2024)
- R FRANK WEIDNER, 14985 GLAZIER AVE, APPLE VALLEY, MN 55124
- Principal officer (990-N for 2015)
- Laura Wagner, 5537 26th Avenue South, Minneapolis MN 55417
- Signed the 990
- SCOTT KUHLMAN, CHIEF FINANCIAL OFFICER
- Phone
- (952) 997-8000
- Website
- WINGSCU.COM
- Return prepared by
- RSM US LLP
Mission
EMBRACE THE COOPERATIVE SPIRIT TO GIVE FLIGHT TO OUR MEMBERS' FINANCIAL DREAMS
Program accomplishments
- AS A STATE-CHARTERED CREDIT UNION, WE PROVIDE A VARIETY OF LENDING SERVICES TO OUR MEMBERSHIP. WINGS FINANCIAL CREDIT UNION HAD 163,720 LOANS OUTSTANDING WITH BALANCES OF $6,805,223,888 AS OF 12/31/24.
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-6028665
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 0708: CREDIT UNIONS IN THE STATE OF MINNESOTA
- Assets (IRS master file)
- $9,371,410,076
- Income (IRS master file)
- $594,181,686
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $476,138,898 | $470,089,500 | $9,371,410,076 | XML |
| 990 | December 2023 | $421,625,656 | $358,760,337 | $9,668,393,553 | XML |
| 990 | December 2022 | $305,132,248 | $212,488,081 | $8,422,113,483 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: Laura Wagner | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-6028665).
Questions about WINGS FINANCIAL CREDIT UNION
- What is the EIN of WINGS FINANCIAL CREDIT UNION?
- The employer identification number (EIN) of WINGS FINANCIAL CREDIT UNION is 41-6028665.
- Is WINGS FINANCIAL CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
- Are donations to WINGS FINANCIAL CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WINGS FINANCIAL CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WINGS FINANCIAL CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WINGS FINANCIAL CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WINGS FINANCIAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 names R FRANK WEIDNER.
- Who are the officers and directors of WINGS FINANCIAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 21 people; 21 received compensation from the organization, the highest $7,538,476 (R FRANK WEIDNER, PRESIDENT/CEO).
- How much revenue does WINGS FINANCIAL CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $476,138,898, expenses of $470,089,500 and total assets of $9,371,410,076 at year end.
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