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Continental Airlines’ recent announcement that it would have to lay off another round of employees after the carrier reported hundreds of millions of dollars in losses is becoming a familiar tune at Continental Federal Credit Union.

The $182 million credit union has seen an increase in loan workouts and debt restructuring as a result of Continental Airlines’ troubles including the 1,700 job cuts the carrier announced on July 21, said Tom Martin, president/CEO of the Tempe, Ariz.-based cooperative. Members affected by the airline’s financial struggles, other job losses and the sluggish economy are being offered relief through temporary interest rate reductions, 0% share certificate loans and advice for those who are considering filing for bankruptcy.

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