Wings Financial Credit Union to Acquire Brainerd Savings & Loan
Transaction Brings Brainerd Savings Members Expanded Products and Services
January 25, 2021
We would like to announce that Brainerd Savings & Loan (Brainerd Savings) has reached an agreement to be acquired by Wings Financial Credit Union (Wings). We are excited by this opportunity and are pleased to have found a partner in Wings, an organization that cares as deeply about their members as we do about ours.
Founded in 1938, Wings is the largest credit union in Minnesota, with $6.7 billion in assets and more than 300,000 members nationwide. Just like Brainerd Savings, Wings is a member-owned financial institution that has a long history of serving its community. Wings offers a broad array of financial services, including robust mobile and online banking experiences for your convenience. The credit union has a network of 24 branches across the state of Minnesota, as well as offices in Atlanta, Detroit, Orlando and Seattle. This transaction will add central Minnesota to its service area.
As an account holder at Brainerd Savings, you will become a member of Wings on the date of closing, which is expected to occur in the second quarter of 2021 (pending regulatory approval.) The branch and ATMs that you already use will remain open, and we anticipate that the member service team that you know – and who know you – will continue to serve you as Wings employees. Wings is committed to maintaining and enhancing the resources available to you as new members. You can learn more about Wings’ offerings at wingsfinancial.com.
We are committed to making this transaction as easy and simple as possible and will keep you informed of any specific changes related to your accounts. In the meantime, if you have any questions, we are here to answer them. Please contact Catherine Meyer at (218) 824-2104. On behalf of all of us at Brainerd Savings & Loan, we would like to thank you for trusting us with your banking needs. It has been our pleasure serving the Brainerd community since 1922 and we are confident that you will be in good hands with Wings!