HONOLULU -- As bankrupt Aloha Airlines sells off several of its divisions, the transactions have opened up membership opportunities for $31 million Aloha Airlines Federal Credit Union.

Rising fuel costs forced Aloha Airlines to shut down on March 31. Nearly 1,000 members of Aloha Airlines FCU's 4,345-member base were impacted, according to the credit union.

Aloha Airlines FCU said Pacific Air Cargo's purchase of Aloha Airlines' Contract Services Division has now made the company eligible for membership. Employees of Aeko Kula, which recently closed on the purchase of Aloha Airlines' Cargo Operation, are also now eligible to join the credit union. Aloha Airlines FCU said it will continue its 21-year alliance with Island Air, once a division of Aloha Airlines.

In May, Aloha Airlines FCU told Credit Union Times that it is in the midst of discussions on a new brand. Changes can already be seen including the mid-June roll out of an AccessCard Visa debit card and a new mailing address.

Aloha Airlines FCU is also reassuring its members following the recent IndyMac bank collapse.

"Unlike many of the banks that seem to be struggling now, our credit union answers only to our members," the credit union said on its Web site. "As a result, we are not driven by profit or by special dealings with large shareholders."

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