The $5.9 billion American Airlines Federal Credit Union of Fort Worth, Texas, is reassuring its members about its safety and soundness after Tuesday's Chapter 11 bankruptcy filing by its parent sponsor, AMR Corp.
In an alert posted on its website under the headline "A Word by Angie Owens, the President & CEO" the 230,000-member AACU "is a fully independent financial institution" regulated by NCUA, and while the CU shares the same name with the carrier "our financial statements and decision-making capacity remain independent."
The statement added that AACU retains a diversified membership and that a significant portion is "from other sectors of the transportation industry."
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