MONTEREY, Calif. — The California/Nevada Credit Union Leagues have now joined the industry chorus lambasting the hostile takeover bid of Minneapolis-based Wings Financial Federal Credit Union to merge with Continental Federal Credit Union of El Segundo.

“We do not believe an out-of-state-based credit union should be telling members what is in their best interests, what’s a good value and what is not, ” declared William Cheney, the president/CEO of the leagues addressing last week’s Big Valley Educational Conference here.

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