<p>WASHINGTON-Airline based credit unions have always been at the top of the charts for stats. But after three commercial airline crashes by terrorists on September 11 and an economic down turn, how are they holding up? Very well, according to creditunions.com supported by Callahan & Associates. Just over two quarters since 9-11, American Airlines Federal Credit Union’s growth remains high. Callahan’s found that six-month figures show asset growth at 5.7%, share growth at 6.2%, and loan growth at 2.8%. Additionally, American Airlines FCU made an annualized $480,000 for every one of its employees, while the average income per employee at 33 credit unions with more than $1 billion in assets was $270,000. (There are more than 33 $1 billion CUs, but Callahan’s only had data on 33 at press time.) Averaging three major airline credit unions-American Airlines, Delta Employees, and Boeing Employees-demonstrates that these airline credit unions remain highly competitive. When the three are combined asset growth jumps to 6.1%, share growth rises to 7.0%, and loan growth increases to 4.4%. Income for the credit union per credit union employee averaged $399,000. [email protected]</p>

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.