Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SEATAC, Wash. — Four months after seeing signs that it could potentially be among the next in the industry to be a target of an unsolicited merger, Alaska Airlines/Horizon Air Employees Federal Credit Union didn’t sit idly by fretting.

Back in March, the $50 million credit union learned that an employee at the $1.6 billion Wings Financial Federal Credit Union had registered a Web site domain with the name “AlaskaHorizonWings.com,” similar to the site the Apple Valley, Minn.-based credit union created during its merger campaign towards Continental Federal Credit Union, “continentalwings.com.” The site, which was still live at press time, was launched on March 9, the same day Wings Financial sent its merger proposal to Continental’s board. The plan was eventually turned down and what ensued was a month long, unprecedented and “unwanted” merger chase that came to an end when NCUA stepped in and said the $200 payments being offered by Wings Financial to Continental’s members were impermissible under the Federal Credit Union Act.

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?


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
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.