I think it's safe to say that some of us are now able to get through a day of credit union business without hearing about the hostile takeover attempt Wings Financial FCU engineered on Continental FCU.
It's nice isn't it? The outrage that surrounded this event was palpable. I had never seen such widespread concern. Many believed, me included, that it was a watershed moment that could negatively affect credit unions forever.
But in the end, good triumphed over evil (had to say it) and Wings is still a safe and sound sovereign credit union. Tom Glatt has cemented himself as a warrior for credit union principles and has enough fodder to give great speeches for years to come. We can all relax and enjoy the calm.
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