Even if the $319 million Lafayette Federal Credit Union had prevailed in the controversy over its balloting in its 2006 attempt to change its charter to a mutual bank, there are reasons to doubt whether the credit union would have ever become a mutual bank without significantly changing its operations.

From the beginning, CUNA has urged NCUA to take a long, hard look at the possibility of developing guidelines that address unsolicited merger attempts and today, the trade group is just as adamant.

NAFCU said it is pleased that Wings Financial Federal Credit Union has withdrawn its merger proposal and thanked NCUA for the regulatory role it played.