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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.

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