Apple Valley-based Wings Credit Union on Wednesday announced a merger with Ent Credit Union, of Colorado Springs, Colo., with the combined company taking on the Wings name and be led by Chad Graves, CEO of Ent.
The combined company will 91 locations in Colorado, Florida, Georgia, Michigan, Minnesota, and Wisconsin, Graves said in a news release. The boards of directors from each credit union unanimously approved the merger.
Wings, with $9.7 billion in assets and 371,000 members, according to a news release, and Ent ($9.9 billion, 560,000 members) are calling it a merger of equals and expect to be legally combined in 2026. They will serve nearly 1 million members, predominantly in Minnesota and Colorado.
Members will not experience any immediate change, the news release said, and both credit unions will continue to operate independently while the merger process goes through regulatory approval and a member vote.
“With shared roots in aviation, the name Wings Credit Union celebrates our unique legacies and the positive impact ahead. While our geographic footprint may be different, our values and culture are strongly aligned,” said Frank Weidner, president and CEO of Wings Credit Union.
Wings has its roots serving workers at the former Northwest Airlines, which was based in Eagan. Ent served workers at the former Ent Air Force Base in Colorado Springs, which was a precursor to the North American Aerospace Defense Command (NORAD); the former base is now the site of the U.S. Olympic Training Center.
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