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HAWTHORNE, Calif. — As more credit unions come forward confirming that Wings Financial Federal Credit Union sought them out as potential merger partners, the likelihood that a mega consolidated credit union to serve the entire air transportation industry is not likely.

In 2006, the $300 million FAA First Federal Credit Union had been approached by $1.6 billion Wings Financial with a “partnership proposal,” said Eileen Rivera, president/CEO of FAA First. Rivera said it was her understanding that Wings Financial was looking to have several credit unions serving the air transportation industry merge into one, multi-billion dollar financial institution. FAA First turned down the proposal.

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