AA Credit Union

AACreditUnion.org | | 23 AACreditUnion.org | | 23 May 19, 1936 • Victor Vernon and eight other employees establish the American Airlines Employees Credit Union at Chicago Municipal Airport (later named Midway Airport). Nov. 17, 1939 • Credit Union moves from Chicago's Midway Airport to LaGuardia in New York where it is charted by the state of New York. January 1963 • Assets surpass $20 million. • Five branches nationwide. August 1965 • Education Expense Loans introduced. January 1966 • Credit Union awards its fi rst $1 million dividend. July 1973 • Assets surpass $80 million. 1975 • Computers introduced, replacing some 40,000 handwritten index cards with punch cards. Feb. 1, 1979 • Home Improvement Loans off ered for the fi rst time. Fall 1979 • Headquarters relocated from LaGuardia to new branch in Dallas/Fort Worth. May 1986 • First mortgages off ered to active members. 1992 • ATM cards and CALL- 24 introduced. 1997 • Website launched. • Assets reach $2 billion. 1998 • Visa® Check Cards introduced. 1999 • Online banking introduced. 2000 • Live Chat and Financial Services introduced. January 2002 • New Flagship Branch and headquarters opens in Fort Worth. 2007 • Angie Owens named President & CEO. cent$ magazine's fi rst issue comes out. 2010 • Priority Checking introduced • Smartphone apps introduced. September 2012 • Credit Union became one of the fi rst credit unions to off er the EMV Prepaid Travel Card with chip-and- PIN technology. May 19, 2016 • Credit Union celebrates eight decades of helping members soar. ¿UVWGLVWLQJXLVKHGWKHPVHOYHVZHOOLQWKH FRQÀLFWLQ(QJODQG:KHQZLQWHUVKXWGRZQ operations, he relocated to Curtiss' Atlantic Coast Aeronautical Station in Newport News, Virginia, to continue work as an instructor and test pilot. The next year, he was approached by the Signal Corps., the aviation branch for the U.S. Army, and was named chief civilian instructor of their new aviation program at Ashburn Field, near Chicago. He later accepted a commission in the U.S. Navy and was assigned to the Anacostia Naval Air Station as a test pilot. After transferring to the Naval Aircraft Factory in Philadelphia, he worked to test everything from planes, props and instruments to ammunition and bombs. Victor Vernon (right) and a group of acquaintances pose while boarding an American Airlines Douglas '&LQ7KLVVDPHSODQHWRRNLWVPDLGHQYR\DJH from Chicago to New York one month after the Credit 8QLRQRSHQHGDW&KLFDJR¶V0LGZD\$LUSRUWLQ

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