For the second time in a little over a month, the $2.7 billion Wings Financial Credit Union has announced merger plans, this time with the $450 million City-County Federal Credit Union.

The merger has received preliminary approval from the NCUA and Minnesota's Department of Commerce, which supervises state-chartered credit unions, Wings Financial said today. The merger is scheduled to be finalized later this summer. The combined CU will go forward under the Wings Financial name.

City-County in Brooklyn Center, Minn. serves nearly 66,000 members and has approximately 150 employees. The Apple Valley, Minn.-based Wings Financial said it will retain the majority of City-County employees after the merger. City-County operates seven branch offices in Minneapolis and its northern suburbs. Wings Financial has 300 employees and 18 branches including eight in the Twin Cities, primarily in the southern suburbs.