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CHICAGO — Last week’s news from United Airlines that soaring fuel costs and a half a billion dollar first quarter loss has forced the carrier to trim 1,100 jobs from its 55,000 employee base is a road Alliant Credit Union has been down before.

The $5 billion credit union has deep roots with United, having formed in 1935 as United Airlines Employees’ Credit Union. Roughly 71,000 of its 212,000 members are active United employees, said David Mooney, president/CEO of Alliant. The fallout from the Sept. 11, 200l attacks on the airline industry coupled with United’s bankruptcy protection filing in 2004 were all factors that weighed heavily in the decision to diversify the credit union’s membership to start adding select employees groups in 2003 and undergo a name change in 2004.

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