The $5.3 billion American Airlines Credit Union reported that its relatively young credit card program has remained strong during the Great Recession.
The credit union was the last of the CUs of above $1 billion in assets to have launched a card program when it got under way in 2004.
According to Nancy Crouch, director of card services, the credit union has seen the card program grow by double digits throughout the recession in both the number of card accounts and the card account balances. The credit union's data reported to the NCUA indicated the card program ended March 2011 with a delinquency rate of 1.23%.
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