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American Airlines Federal Credit Union Distributes $10 Million Dividend To Its Member-Owners
FORT WORTH, Texas – American Airlines Federal Credit Union (AA Credit Union) is proud to announce that it paid a $10 million dividend to qualifying member-owners on Dec. 31, 2012.
The active participation of both borrowers and savers contributed to a successful year for the Credit Union. The bonus dividend was based on dividends earned on qualifying share accounts and/or interest paid on applicable loans. The savings portion of the dividend was calculated on share dividends earned through Nov. 30, 2012, and the loan interest portion of the bonus dividend amount was calculated on interest paid through Nov. 30, 2012.
“Giving back to our member-owners is one of the primary benefits of Credit Union membership,” said Angie Owens, AA Credit Union President and CEO. “We’re happy to once again reward our members for their loyalty and product diversity while demonstrating our continued strength, efficient business practices and sound lending decisions.”
AA Credit Union’s purpose is to return value to its member-owners. This bonus is paid above regular dividends, in addition to lower loan rates and higher dividends member-owners already enjoy. To recognize the most active and loyal members, an additional $50 bonus was distributed to those who participated in three or more of the eight major account categories.
About American Airlines Federal Credit Union
Founded in 1936, AA Credit Union now serves the present and retired employees of American Airlines, their family members and people who work in the air transportation industry. In its 76th year, AA Credit Union has more than 238,000 members nationwide and assets in excess of $5.6 billion. As a not-for-profit financial cooperative, AA Credit Union is committed first and foremost to enriching its member-owners’ financial well-being through their participation in the products and services of the Credit Union. For more information, please visit www.AACreditUnion.org.
AA Credit Union is a registered trademark of American Airlines, Inc.
This credit union is federally insured by the National Credit Union Administration