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The $2.7 billion Wings Financial Credit Union, a former foe of Continental Federal Credit Union, said it is pleased to hear of the proposed merger between Continental and Alliant Credit Union.

On Sept. 2, the $7 billion Alliant CU in Chicago announced it had reached an agreement to merge with the $170 million Continental FCU in Tempe, Ariz. following approval from their respective board of directors. Pending regulatory approval, the merger is scheduled to be complete in January 2011.

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