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Glatt: Round of Airline Cuts Is 'Huge Opportunity' for CUs

LAS VEGAS -- The impending furloughing of thousands more airline employees slated this fall "creates a huge opportunity for us" to step up and serve financially stressed members, Thomas Glatt, the president/CEO of Continental Federal Credit Union, told CU directors last week.

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LAS VEGAS — The impending furloughing of thousands more airline employees slated this fall “creates a huge opportunity for us” to step up and serve financially stressed members, Thomas Glatt, the president/CEO of Continental Federal Credit Union, told CU directors last week.

“We can’t engage in gloom and doom since in our case we’ve taken a tactical stand by cutting rates, extending payments and coming up with new products to help our members,” Glatt said in workshop remarks made at the National Directors’ Convention.

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