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Continental FCU Board Rejects Wings Financial's Merger Proposal

As expected, Continental Federal Credit Union's board of directors unanimously voted March 20 to reject Wings Financial Federal Credit Union's fourth proposal to merge, still calling the move an "unsolicited takeover" attempt.

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EL SEGUNDO, Calif. — As expected, Continental Federal Credit Union’s board of directors unanimously voted March 20 to reject Wings Financial Federal Credit Union’s fourth proposal to merge, still calling the move an “unsolicited takeover” attempt.

According to Allan Cooper, chairman of the Continental FCU board, after “careful consideration” the board felt it was their responsibility “to protect the interests of our entire membership, both short-term and long-term.”

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