HONOLULU, Hawaii — Aloha Airlines Federal Credit Union said it is ready to assist members impacted by the shutdown of Aloha Airgroup, Inc. which ceased operations on March 31.
Aloha Airgroup, the parent company of Aloha Airlines Inc, closed shop on Monday less than two weeks after filing for bankruptcy for the second time in three years. The carrier had previously employed 3,500 people.
The $30 million Aloha Airlines FCU has reassured its 4,595 members that the credit union will continue to operate and has an array of services to assist with the transition including an additional $100,000 earmarked for pressing financial needs. Members can also use a number of "crisis options" from emergency loans up to $2,000 for 24 months to loan payment deferrals. The credit union has also lifted withdrawal penalties from March 30 to June 30 on certificate share accounts and Christmas Club savings accounts.
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Regarding a name change, in a question and answer section on its Web site (www.alohafcu.com), the credit union said its "will take into account any changes that occur in the next few days and weeks with regard to the remaining portions of Aloha Airlines, Inc. At that time, we will formulate any appropriate future plans, including a change to our name, logo and focus."
Founded in 1952, the credit union also serves employees of Island Air.
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