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You have vision. We'll give it Wings.

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At Wings, we know that business opportunities can arise quickly.

Need extra space for your business to expand? Cost-effective account options to manage your finances? Wings Financial Credit Union offers Commercial Lending and Business Checking & Savings Accounts that can give your business a place to grow. See below for more information about Wings’ Business offerings and how to get started.

BUSINESS CHECKING & SAVINGS

Wings Financial Credit Union offers flexible account options featuring limited fee structures to make financial management easy and cost-effective. As a member of Wings Financial, you can establish your business accounts with us. See below if your business meets the required criteria.

Business eligibility criteria:
- Your business must meet one of the following criteria:
   - The business is located in an eligible county or school district
   - 50% of all owners qualify for Wings membership
- Your account must be kept in the complete business name or your professional name
- Special signatory requirements (e.g. two signers) are not available

Man sitting at a iMac computer while holding his mobile phone in his hand

Business Checking Account Options

Essential Business Checking Select Business Checking Advantage Business Checking

Minimum Opening Deposit

$25

$25

$25

Monthly Service Fee

$10 (waived with $1,000 balance or $15,000 in combined loan and deposit balances)

$15 (waived with $10,000 monthly average balance or $50,000 in combined business loans and deposit balances)

$20 (waived with $25,000 monthly average balance or $100,000 in combined business loans and deposit balances)

Per-Item Cost

$0.25 per item over 50 items monthly

$0.25 per item over 250 items monthly

$0.25 per item over 500 items monthly

Cash Limits

$2,500

$5,000

$7,500

 

Documentation Requirements

For all business types, signatures of each authorized signer are required at account opening. If all authorized signers are not present at account opening, have all required documents signed prior to opening and bring a photocopy of each owner’s and authorized signer’s ID.

Business Type

Required at Account Opening

Sole Proprietorship

Tax ID Type: EIN or SSN
- Business Membership Application & Sig Card
- Authorized Signer Information Form(s)
- Certification of Beneficial Owners Form
- One of the following:
   - Full legal name in business name
   - Certificate of Assumed Name/DBA Registration
- IRS Letter/EIN Verification (N/A if using SSN)

Corporation (Inc)

Tax ID Type: EIN
- Business Membership Application & Sig Card
- Authorized Signer Information Form(s)
- Certification of Beneficial Owners Form
- Corporate Resolution
- Articles of Incorporation
- IRS Letter/EIN Verification

General or Limited Partnership (LP, LLP)

Tax ID Type: EIN
- Business Membership Application & Sig Card
- Authorized Signer Information Form(s)
- Certification of Beneficial Owners Form
- Unincorporated Resolution
- Partnership Agreement
- Certificate of Assumed Name
- IRS Letter/EIN Verification

Limited Liability Company (LLC)

Tax ID Type: SSN (1 Owner) or EIN (2+ Owners)
- Business Membership Application & Sig Card
- Authorized Signer Information Form(s)
- Certification of Beneficial Owners Form
- Unincorporated Resolution
- Articles of Organization
- IRS Letter/EIN Verification (N/A if using SSN)

Non-Profit Organization or Association

Tax ID Type: EIN
- Business Membership Application & Sig Card
- Authorized Signer Information Form(s)
- Certification of Beneficial Owners Form
- Corporate Resolution
- Articles of Incorporation
- IRS Letter/EIN Verification
- If HOA – Minutes showing HOA signers voted to board

Doing Business as (DBA)

Tax ID Type: Same number as main business
- DBA Application & Sig Card
- Certificate of Assumed Name or DBA Registration

 

Open a business account today.

Business Accounts may be opened in one of our branch locations.  Tell us about your needs, and we'll walk you through the process.

Make an Appointment

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Business Checking Account Rates

Business Checking Accounts Dividend Rate Annual Percentage Yield
Essential Business Checking N/A N/A
Select Business Checking N/A N/A
Advantage Business Checking 0.05% 0.05%

Rates effective as of January 1, 2022 and subject to change.
Above are prospective dividend rates for the current period.
Minimum Opening Deposit - $25

Membership with a $5 Share Account required.

Business Savings Account Rates

Business Savings Accounts Dividend Rate Annual Percentage Yield
Business Share Savings1 0.15% 0.15%
Everyday Business Savings 0.15% 0.15%

Rates effective as of January 1, 2023 and subject to change.
Above are prospective dividend rates for the current period.
1Minimum balance to open Share Account - $5

Premium Business Money Market Account Rates

Premium Business Money Market Account Dividend Rate Annual Percentage Yield
Balances less than $9,999.99 0.10% 0.10%
Balances $10,000-$24,999.99 0.55% 0.55%
Balances $25,000-$99,999.99 0.60% 0.60%
Balances $100,000-$249,999.99 0.90% 0.90%
Balances $250,000 - $499,999.99 1.00% 1.00%
Balances $500,000-$1,999,999.99 1.35% 1.36%
Balances $2,000,000+ 1.75% 1.76%

Rates effective as of January 1, 2023 and subject to change.
Above are prospective dividend rates for the current period.
Minimum Opening Deposit - $10,000

Membership with a $5 Share Account required.

Business Certificate Rates

1 Year Dividend Rate Annual Percentage Yield
$500-$9,999.99 1.50% 1.51%
$10,000-$99,999.99 1.55% 1.56%
$100,000-$249,999.99 1.60% 1.61%
$250,000+ 1.65% 1.66%
2 Year Dividend Rate Annual Percentage Yield
$500-$9,999.99 1.65% 1.66%
$10,000-$99,999.99 1.70% 1.71%
$100,000-$249,999.99 1.75% 1.76%
$250,000+ 1.80% 1.81%
3 Year Dividend Rate Annual Percentage Yield
$500-$9,999.99 2.15% 2.17%
$10,000-$99,999.99 2.20% 2.22%
$100,000-$249,999.99 2.25% 2.27%
$250,000+ 2.30% 2.32%
4 Year Dividend Rate Annual Percentage Yield
$500-$9,999.99 2.35% 2.37%
$10,000-$99,999.99 2.40% 2.42%
$100,000-$249,999.99 2.45% 2.48%
$250,000+ 2.50% 2.53%
5 Year Step-Up1 Dividend Rate Annual Percentage Yield
$500-$9,999.99 2.40% 2.43%
$10,000-$99,999.99 2.45% 2.48%
$100,000-$249,999.99 2.50% 2.53%
$250,000+ 2.55% 2.58%
5 Year Dividend Rate Annual Percentage Yield
$500-$9,999.99 2.55% 2.58%
$10,000-$99,999.99 2.60% 2.63%
$100,000-$249,999.99 2.65% 2.68%
$250,000+ 2.70% 2.73%

Rates Effective as of January 1, 2023 and subject to change.
1Business Step-Up Certificates may be stepped-up one time. The step up rate will be determined by the current 5 year standard term certificate rate and will apply to the remaining term of the certificate.

Annual Percentage Yields disclosed assume quarterly compounding for amounts less than $100,000 and monthly compounding for amounts $100,000 and greater. Minimum balance to open certificates $500. (Unless noted) Penalty applies for early withdrawal. New certificate deposits are limited each month. When new certificate deposit limit is reached each month, new certificate deposits will be discontinued until the beginning of the following month.

Membership with a $5 Share Account required.

Commercial Lending

Flexible commercial lending solutions

We’re committed to making the financing process simple and hassle-free. You’ll work directly with an experienced commercial lender, who can tailor the right lending solutions to your building purchase, expansion or refinance.

Interested in learning more about our commercial lending options, contact our team.

Scott Ramsdale

Scott Ramsdale

VP - Commercial Services
612 741-9085 (Cell)
952 997-8347 (Office)
Send Message
Lori Lynn

Lori Lynn

Commercial Lender
612 760-6132 (Cell)
952 997-8278 (Office)
Send Message
Jamie Johnson

Jamie Johnson

Commercial Lender
651 271-4506 (Cell)
952 997-8278 (Office)
Send Message
Tonya Burns

Tonya Burns

Commercial Lender
612 470-4741 (Cell)
952 997-8496 (Office)
Send Message

Ready to get started?