Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MOON TOWNSHIP, Pa. – More than a week after US Airways filed for Chapter 11 bankruptcy protection, talks resumed on Sept. 22 with its pilots’ union on a new labor pact. The nation’s seventh largest carrier filed on Sept. 12. In a prepared statement, the Air Line Pilots Association said it will review and consider any tentative agreement that is reached after negotiations resume, but that the agreement would be sent to the US Airways pilots for ratification before it would become effective. The airline had previously sought $295 million in concessions from the pilots, as part of an overall labor concessions package of about $800 million. Meanwhile, US Airways FCU has outlined a number of bullet points on its Web site of what will and will not happen as a result of the carrier’s bankruptcy protection. It will continue to make loans; cash US Airways, Inc. payroll checks; and won’t place any limits on share withdrawals or transfers. The $607 million credit union has also said money from savings accounts “will, as always, be available upon demand, with the exception of shares pledged as collateral,” adding this is negotiable. The credit union is also urging members to contact member reps if they encounter any difficulty using credit cards, cashing checks and/or using debit cards with a particular merchant/vendor.

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?


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
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.