The head of the nation's second largest airline credit union, the $5 billion American Airlines FCU, said Tuesday the merger of Alliant CU and the long-ailing Continental FCU, "seems to make sense."
Angela Owens, CEO of the Dallas-based CU, said the industry's hope "is that the consolidation will produce a strong entity" as a survivor.
Asked for comment about the merger of the $7.3 billion Alliant of Chicago and the $170 million Continental of Tempe, Ariz. Owens said AAFCU has never been part of the merger discussions and remains focused on its own "clear strategy and industry niche" based on a TIP charter.
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