The $5.9 billion American Airlines Federal Credit Union of Forth Worth, Texas paid a $10 million bonus dividend to its members on Dec. 31, the credit union announced.
American Airlines FCU based the bonus dividend payout on dividends earned on qualifying share accounts through Nov. 30, 2011 and/or interest paid on applicable loans from Jan. 1 to Nov. 30, 2011. Members who participate in three of the CU's eight major account categories received an additional bonus of $50, the CU said.
“Our ability to provide our member-owners once again with this bonus dividend is a testament to the sound lending decisions and efficient operation that have kept us secure, strong and solid,” American Airlines FCU President/CEO Angie Owens said. “And we're always happy to provide a bonus to our most loyal members who have multiple products with us.”
The 76-year-old credit union serves more than 231,000 members nationwide, comprising present and retired employees of American Airlines, their family members and air transportation workers.
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
