It's a road Alliant Credit Union and Continental Federal Credit Union have been down before, only this time, there may be a clear destination in sight.
United Airlines and Continental Airlines recently announced plans to merge to create a $29 billion airline, making it the largest in the world. Together, the two carriers serve more than 144 million passengers annually to 370 destinations in 59 countries. The holding company will be named United Continental Holdings Inc., and the name of the airline will be United Airlines. Both companies expect the merger to be completed by the fourth quarter.
Meanwhile, the $7.2 billion Alliant CU, which has served United for 75 years, is looking forward to the merger. Of its 250,000 members, 100,000 are active or former United employees. Roughly seven years ago, Alliant started diversifying and now serves 150 select employee groups, said David Mooney, president/CEO.
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