The $2.7 billion Wings Financial Credit Union has announced merger plans for the second time this summer, 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 July 20. 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.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.