COLORADO SPRNGS, Colo. – Two large credit unions are crossing state lines to form a nearly $20-billion organization.
The $9.9-billion Ent CU here and $9.7-billion Wings Credit Union, based in Apple Valley, Minn., have announced plans to merge. The new entity will serve nearly one million members.
The deal is expected to close in 2026, pending customary regulatory approvals and member votes, the organizations said.
The newly formed CU will be led by Chad Graves, current president and CEO of Ent Credit Union, and will be called Wings Credit Union, with a Colorado state charter. The board of directors from each credit union unanimously approved the merger, the CUs stated.
“As we have continued to expand our footprint across Colorado, we are committed to maintaining our roots of service to ensure great rates, first in-class mobile banking and top-notch service. We are excited to offer members access to nearly 90 locations in Colorado, Florida, Georgia, Michigan, Minnesota and Wisconsin. We remain local enough to care about our communities and large enough to offer outstanding experiences, products and services,” said Graves.
“With shared roots in aviation, the name Wings Credit Union celebrates our unique legacies and the positive impact ahead. The concepts of “Wings” and flight also have strong connections to the ideas of upward movement, goals, aspirations and achievement. While our geographic footprint may be different, our values and culture are strongly aligned,” said Frank Weidner, president and CEO of Wings Credit Union.
The CUs stated the agreement to merge was signed Feb. 28, 2025.