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NAFCU said it is pleased that Wings Financial Federal Credit Union has withdrawn its merger proposal and thanked NCUA for the regulatory role it played.

Wings Financial Federal made more rounds this week meeting with members of Continental FCU in both Houston and Newark, N.J.

The Office and Professional Employees Union continued to contend that CUNA Mutual is taking steps to its eventual demutualization and decried what it said was the inability of CUNA Mutual policy holders to get both sides of the story.

The Federal Reserve Board today issued a request for public comment on proposed amendments to clarify the requirements or certain consumer disclosures in electronic form.

As was widely anticipated, CUNA Mutual Insurance Society policyholders voted by an overwhelmingly large margin to both merge with CUNA Mutual Life Insurance Company and to change the company's state of incorporation from Wisconsin to Iowa.

After six weeks of a merger campaign targeted at Continental Federal Credit Union's membership, Wings Financial FCU announced today that it is withdrawing its merger proposal.