The purchase, which requires regulatory approval by NCUA (National Credit Union Administration, FDIC (Federal Deposit Insurance Corporation), and the Minnesota Department of Commerce, is expected to close by July 31, 2018. When the transaction is complete the locations will be re-branded as Wings Financial branches and at that time, Wings members in the area will gain access to these full-service locations.
“These new locations are conveniently located for thousands of our members,” said Frank Weidner, Wings Financial President & CEO. “Whether they live, work, shop or relax in Coon Rapids, Otsego, or Plymouth, our members can visit our newest branches later this year to access our full range of financial services, to meet with our financial advisors and more. We’re very excited by the opportunity to expand into these vibrant communities and provide additional convenience for our members.”