HAWTHORNE, Calif. and SEATAC, Wash. — Two of the credit unions approached by Wings Financial Federal Credit Union about a possible merger are relieved that NCUA’s ruling essentially stopped the industry’s first unsolicited takeover, but they both remain cautiously optimistic.

The $300 million FAA First FCU and $50 million Alaska Airlines/Horizon Air Employees FCU have previously said $1.6 billion Wings Financial approached them in the past about merging. FAA First turned the offer down as did AAHAEFCU, after the latter was approached twice in 2006. A Wings Financial employee had registered Web sites for both CUs, with names containing the word “Wings” in them, similar to the continentalwings.com site.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.