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TAMPA, Fla. — Do unsolicited mergers have a place in the credit union industry particularly for those that are struggling and would welcome the opportunity to merge to stay competitive? The industry frenzy created by the unprecedented way $1.6 billion Wings Financial Federal Credit Union has pursued $182 million Continental Federal Credit Union has led to some credit unions quietly wishing the Apple Valley, Minn.-based Wings Financial would consider them for a merger. Some have disagreed with the approach and tactics Wings Financial has used, which include soliciting Continental’s members to ask Continental’s board for a vote through a petition and repeated attempts seeking to merge, but beyond the emotion of it all, are hard and immediate strategies needed by some credit unions to survive.

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