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American Airlines FCU Awards $8 Million Dividend

The $4.2 billion American Airlines Federal Credit Union has paid a record bonus dividend of $8 million to its more than 207,000 members.

By Staff Writer | Updated on January 16, 2007

FORT WORTH, Texas — The $4.2 billion American Airlines Federal Credit Union has paid a record bonus dividend of $8 million to its more than 207,000 members.

The bonus dividend was based on dividends earned on qualifying share accounts and/or interest paid on applicable loans in 2006. The savings portion of the dividend was calculated on 2006 share dividends earned and was paid at an annual rate of 2.5%. If loan interest was paid in 2006, the additional portion of the bonus dividend amount was calculated on an annual rate of 2.5% on those applicable loans.

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