Deposit Accounts Adjusted to Manage Growth

Wings Financial enjoyed another successful year in 2009 – while we watched many banks and credit unions realize massive losses or even go out of business.  So far in 2010, we’re on track to another year of rapid growth.  To remain healthy, Wings needs to slow that growth down.

Several Deposit Accounts Temporarily Discontinued
Effective February 10, 2010, Wings has discontinued the opening of new accounts in several liquid and short-term deposit categories until further notice:

• Certificates less than 2 years
• World Class Money Market
• Investment Money Market

If you currently have any Certificates at terms less than 2 years, you may roll over maturing certificates at the same term and effective rate at that time, but you may not add to the balance. If you have an existing World Class or Investment Money Market Account, you may continue to use them as usual, but new accounts are not available.  Interest rates offered on all of these products will, as always, be very attractive.

Increased Checking and Savings Rates
To return more value to members through other accounts, we’ve increased our First Class Checking and Share Savings rates by 0.25% to 0.75% - making these accounts even more competitive.

View current rate sheet…

Growth is good for Wings’ long-term stability. However, we must ensure that our growth is sustainable. These temporary adjustments to our deposit product offerings merely ensure that we continue prudently managing Wings Financial.

Thank you for your continued support of Wings Financial.