'We Are on the Right Track,' Continental FCU's Chairman Tells Annual Meeting Attendees

EL SEGUNDO, Calif. — More than 70 members turned out for Continental Federal Credit Union’s annual meeting on March 27 to hear enhancements they can expect going forward and how a merger with $1.6 billion Wings Financial Federal Credit Union would have been a “direct threat” to the CU’s future. “Looking ahead, we are well positioned to succeed,” said Allan Cooper, chairman of the $182 million CU “We have a strong base of loyal members. We have the right leadership in place. We have a great group of dedicated employees. We have an informed, seasoned board. We have a strong institutional foundation and are well grounded in our heritage. We have the financial resources and stability. And, we have a clear vision and established direction for the future.” Cooper told members Continental increased its dividends by 38% over 2005 and the CU’s “safety and soundness was verified as we received very favorable results in both our annual audit and federal examinations.” “I know I speak for all of our board members in saying we are on the right track to accomplish very significant milestones this year,” Cooper said.