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In February 1940, Delta Employees Credit Union was formed in Atlanta, Georgia, by eight Delta Air Lines employees, each with a stake of $45 in share capital. On March 8, 1940, Delta Employees Credit Union received a charter entitling it to 20 years of operation. One month later, the first board of directors was composed.
Delta unveiled its profit-sharing program in 2007 as the company emerged from bankruptcy, and employees received their first payout in 2008, totaling $158 million.
That came after it received regulatory approval in 2022 of its partnership with LATAM Airlines Group. Delta’s pay hikes are for non-union employees, including flight attendants, airport customer ...
All Delta employees below mid-level managers participate in the program, the airline said. The payout is up 146% from the profit sharing payment of a year earlier, and well above the $108 million ...
The National Credit Union Administration is the U.S. independent federal agency that supervises and charters federal credit unions. As of December 31, 2022, there were 4,760 federally insured credit unions in the United States with 135.3 million members.
Initially established as the United Airlines Employees' Credit Union (UAECU) by United Airlines employees in 1935, the institution later adopted the name "Alliant Credit Union" in 2003. Over the years, it broadened its membership scope, extending its services to multiple sponsor organizations and communities around O'Hare International Airport .
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