Delta Community CU Stays Focused Amid US Airways Merger Speculation
ATLANTA -- As US Airways continues pursuing its bid to buy Delta Air Lines, Delta Community Credit Union said it plans to the stay the course.
On Nov. 15, US Airways announced its intentions, despite Delta's repeated statements that it is not interested in merging. Delta Chief Executive Gerald Grinstein issued a statement saying the carrier would review US Airways' proposal, but would continue to pursue its goal to file its reorganization plan adding, "Delta's plan has always been to emerge from bankruptcy in the first half of 2007 as a strong, standalone carrier."
Meanwhile the $2.3 billion Delta Community CU said it would continue to move forward.
"It is really too early to speculate on how a change like this might affect us," said Mary Olson, vice president of marketing. "Right now, we plan to stay the course and focus on serving both Delta employees and other members primarily in the Atlanta-metro area."
Olson said they have not received calls from members about the US Airways bid.
US Airways Chief Executive Doug Parker said if the deal were to go through, the combined airline would operate under the Delta name and serve more than 350 destinations across five continents and have nearly 85,000 employees. Combined, the carrier would become the nation's largest airline.
Previously known as Delta Employees Credit Union, it changed its name in October 2005. At the time, of DCCU's 163,000 members, active Delta Air Lines employees made up 33% or 53,790 of its field of membership.
US Airways and America West merged last year, but they continue to integrate their operations. To help employees impacted by the merger, $561 million Clearview Federal Credit Union, previously known as US Airways Federal Credit Union, formed an alliance with $225 million Piedmont Aviation Credit Union and $10 million America West Credit Union to offer relocation assistance and expanded access to surcharge-free ATM networks. Clearview changed its name in 2004.