INDIANAPOLIS — FORUM Credit Union said it will work with members who are now unemployed following the shutdown of ATA Airlines more than a week ago.
The airline filed for Chapter 11 bankruptcy protection on April 2 but was forced to cease operations after an unexpected cancellation of a key contract for ATA's military charter business, which made it possible for the airline to obtain additional capital to sustain its operations or restructure the business, ATA said in a statement. Of its 2,230 employees, the carrier had 585 employees at its Indianapolis headquarters.
Meanwhile, the $1.1 billion FORUM CU said it is preparing to assist members through its internal “Work Out” program, said Larry Kunkel, chief operating officer.
“The impact [of the ATA shutdown] is somewhat negligible,” Kunkel said, adding the community-chartered credit union serves several select employee groups. “We have a few members that are ATA employees and obviously, we will work with them as we do with other members who are being displaced or have lost jobs.”
ATA joined Honolulu-based Aloha Airlines, Columbus, Ohio-based Skybus Airlines and Milwaukee-based Skyway Airlines in the number of carriers that have ceased operations over the past two weeks.
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