FORT WORTH, Texas -- In a move it describes as adding "strength and experience to its leadership team," American Airlines Federal Credit Union said on May 30 it has named Angela K. Owens its new president.

AA Credit Union's current President/CEO John Tippets, will retain the title of CEO, the CU said, adding, upon Owens joining the credit union later this summer, "they will work closely together to ensure a smooth and successful transition of leadership upon Tippets' future retirement."

Owens returns to AA Credit Union from American Airlines, where she currently is the airline's general auditor. While at the $4.3 billion CU, Owens served as senior vice president, community relations and financial services. In this role, Owens led the credit union's financial services group, which employs licensed representatives to provide financial planning and advising services to members. She was also responsible for the credit union's business development, credit counseling, and member special assistance efforts.

"We are excited to welcome Angie back to the credit union and the tremendous experience she brings to our members," said Douglas Herring, AA Credit Union chairman. "Angie's valuable background in both the airline and credit union industries will help lead the credit union to new levels of growth and service in the future."

Tippets has been at the helm for more than 16 years. He said he will retire sometime in mid-2008. He said bringing Owens aboard is the next step in a long-term succession planning phase.

"She is a very enthusiastic and passionate person about what credit unions do. She has great personal competencies and skills and when you combine that, you get a great person [for the credit union]," Tippets said.

Tippets said it is too early to say whether Owens will become both president and CEO upon his retirement.

Founded in 1936, AA Credit Union is one of the 10 largest in the country with more than 209,000 members.
--msamaad@cutimes.com

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American Airlines FCU Splits Top Roles, Angela Owens New President, Tippets Remains CEO

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