Wings Credit Union Acquires Settlers bank
APPLE VALLEY, Minn. (JUL 10, 2023) - Settlers bank and Wings Credit Union announced that Wings has successfully acquired the bank, joining forces to bring additional choice, value and access to consumers.
The transaction closed on July 1, 2023. All Settlers bank locations will remain open and, as of that date, have been re-branded as Settlers best Credit Union, a division of Wings Credit Union. To learn more, visit www.SettlersWI.com.
Statement from Wings Credit Union's President & CEO:
“We are excited to introduce Wings to the Wisconsin market,” said Frank Weidner, Wings Credit Union President and CEO. “The partnership with Settlers is a great fit and we are excited for the ability to serve our communities even better with more solutions, greater access and the same talented teams as before.”
Statement from Settlers Bank's Founder & CEO:
“Settlers bank was started 15 years ago to be accessible and to build relationships through collaboration. Wings shares these values and our partnership will allow us to build on our already strong market momentum,” said Settlers bank Founder and CEO, Tom Spitz.
About Wings Credit Union
Wings Credit Union is Minnesota's largest credit union and one of the top credit unions nationally, with over $8 billion in assets and more than 340,000 members. In 2022, Wings was named one of the top credit unions nationally by Gobankingrates.com, as well as being recognized by the Star Tribune as Minnesota’s Best Credit Union and as a top workplace for the 10th consecutive year. Wings members enjoy some of the area's best savings and lending rates, convenient mobile and online access, over 80,000 surcharge-free ATMs and 28 branch locations throughout the state of Minnesota, plus branches in Atlanta, Detroit, and Orlando. To learn more, visit www.wingscu.com.
About Settlers bank
Settlers bank is a privately owned, premier provider of commercial, treasury, mortgage and private banking services with $390 million in assets operating from three locations in Wisconsin including Appleton. Founded in 2007, Settlers bank was started to be accessible, offer solutions and to build relationships through collaboration. To learn more about Settlers bank, visit www.settlerswi.com.
About McQueen Financial Advisors
McQueen Financial is a nationwide financial advisory firm serving financial institutions since 1999. McQueen has advised on ~25% of all Credit Union / Credit Union Mergers nationwide, annually.
Transaction Leads
Dan Martin
Director of Transaction Advisory & Valuation
Andre Gard
Associate
Noah Erxleben
Analyst