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Airline Woes Prompts Wings Financial State Charter Vote

Wings Financial Federal Credit Union has asked its members to vote on converting to a state-chartered credit union because of concerns it has with a significant drop in employment in the air transportation industry.

By Michelle A. Samaad | Updated on August 23, 2009

Wings Financial Federal Credit Union has asked its members to vote on converting to a state-chartered credit union because of concerns it has with a significant drop in employment in the air transportation industry.

In an online letter (www.wingsfinancial.com) the $2.1 billion Apple Valley, Minn.-based credit union said employment in the air transportation industry is down 24% since 2001. Wings Financial said by converting to a state charter, it would open membership up to the 13 county Minneapolis/St. Paul, Minnesota area. Nearly 50% of its members live or work in the two metropolitan regions. Wings Financial was chartered in 1938 to serve Northwest Airlines.

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