As a member of Wings Financial Credit Union, we want you to recognize the credit union difference. Credit Unions are member-owned, not-for-profit financial cooperatives that are created and operated by laws and regulations. Our values and democratic structure rely on one member, one vote.
We are about people, not profit. We focus our energy on improving service and returning value to our members in the forms of lower loan rates and higher deposit yields. We embrace community involvement and social responsibility which extends beyond our members to the broader communities that we serve as well. Credit unions benefit everyone, whether they are a credit union member or not.
Currently, merchants are not subject to the same strict data security standards that financial institutions are. Data breaches continue to happen and affect millions of people each year. Wings takes immediate action when we are made aware of merchant data breaches that affect our member’s financial wellbeing.
We believe people should have a voice in matters that affect their lives. Although Wings’ management team interacts with local, state and national regulators on issues that affect and concern credit unions, our government officials need to hear from members as well. From time to time, legislation or regulations are proposed that could threaten or enhance the operating structure of the credit union, and member voices can be very persuasive in influencing legislative decisions. We need your help to make a difference.
We believe in this so strongly that our Board of Directors has adopted the following Political Advocacy Statement:
At Wings, we recognize that public policy decisions have a direct and significant impact on our members, employees, communities, and business model. Accordingly, we believe that it is important to engage with policymakers to advance and protect the long-term viability of Wings and the broader credit union movement. We also believe that we should educate our members and our employees on the value of the cooperative model and seek their advocacy and support on issues that may affect our operations and future.
Watch for updates from Wings when policy may dramatically impact your credit union. We have also partnered with the Credit Union National Association on an initiative to help draw attention to the impact of regulations on credit union members. More information can be found at commonsenseregulations.com.