HONOLULU -- The $31 million Aloha Airlines Federal Credit Unionhas seen new membership opportunities after bankrupt Aloha Airlinessold off several of its divisions.

Rising fuel costs and aggressive competition forced AlohaAirlines to shut down on March 31. Nearly 1,000 members of AlohaAirlines FCU's 4,345-member base were affected, according to thecredit union.

Aloha Airlines FCU said Pacific Air Cargo's purchase of AlohaAirlines' contract services division has now made the companyeligible for membership. Employees of Aeko Kula, which recentlyclosed on the purchase of Aloha Airlines' cargo operation, are alsonow eligible to join the credit union. Aloha Airlines FCU said itwill continue its 21-year alliance with Island Air, once a divisionof Aloha Airlines.

In May, Aloha Airlines FCU said it was in discussions on a newbrand. Changes can already be seen including the mid-June roll outof an AccessCard Visa debit card and a new mailing address. Thecredit union previously shared a mail processing center with AlohaAirlines.

Aloha Airlines FCU is also reassuring its members that it iswell capitalized, has never offered unsound borrowing or investmentproducts, lends to only qualified members and funds its own loans.According to its NCUA 5300 call report, as of March 31, the creditunion had a net worth ratio of 12.19% and nearly $590,000 inregular reserves.

"Unlike many of the banks that seem to be struggling now, ourcredit union answers only to our members," the credit union said onits Web site (www.alohafcu.com). "As a result, we are not driven byprofit or by special dealings with large shareholders."

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Lazenby Named President of Navigator

Lazenby specializes in providing due diligence, litigationsupport and turnaround consulting. He has experience in operations,merger, acquisitions and structured transaction due diligence,portfolio-asset valuation, receivable collateral monitoring, loanlevel compliance, third party loan servicing, custodial auditservices and regulatory compliance.

Lazenby is a Certified Fraud Examiner, completed the executiveaccounting and finance program at Columbia Graduate School ofBusiness and the Management Development Program at the KenanFlagler Business School. He also has his Certificate in FinancialPlanning from the University of Nevada, Las Vegas.

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Neighbors CU to Hold Free Seminars To Explain ConsumerCredit Reports

ST. LOUIS -- Neighbors Credit Union will host two freeeducational seminars on credit reports in August.

Eric Clark, vice president of lending for Neighbors will conductboth seminars. The first will be held Aug. 7 at the James J. EaganCenter in Florissant, Mo. From 6:30 to 7:30 p.m. The second seminarwill be held on Aug. 14 at the Genesis Banquet Center in St. Louisfrom 6:30 to 7:30 p.m.

The workshop will explain what a credit report is, theinformation it contains, how it is used and how to improve yourcredit report. All registered guests will receive a free copy oftheir credit report and credit score to follow along with duringthe seminar and to keep for their records.

To reserve a seat for the seminar visit ww.neighborscu.org orcall 314-892-5400 extension 1225.

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San Diego Metropolitan CU Schools Young Members onStudent Loans

The newsletter that's available on the credit unions Web site(www.sdmcu.org) delivered information on college loans thattargeted at students planning for college, parents and recentcollege graduates.

The credit union cited Sallie Mae's 2007 survey of parents ofcollege-bound freshman that showed one-third of those interviewedsaid they needed basic information about loans and payment plans.The newsletter then listed the different types of loans that areavailable for students and parents planning for college.

For recent college graduates, the newsletter advised them of thefact that on July 1 interest rates on some federal student loansdropped by three percentage points. It advised them that they cantake advantage of the low rate by converting loans issued beforeJuly 1, 2006 into a single consolidation loan. The newsletter thenwent on to provide strategies on paying off loans and consolidatingloans.

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