Angela K. Owens Assumes Role of President and Chief Executive Officer of American Airlines Federal Credit Union

FORT WORTH, Texas, July 2, 2008 /PRNewswire via COMTEX/ -- AMR | Quote | Chart | News | PowerRating -- After more than two years as American Airlines General Auditor and one year as President of American Airlines Federal Credit Union (AA Credit Union), Angela K. Owens assumes the role of President and Chief Executive Officer of AA Credit Union. Owens succeeds John M. Tippets, who retired June 30.

Owens, a Certified Public Accountant, holds a Master of Business Administration degree from the University of Texas at Arlington and a Bachelor of Science degree in Accounting from Oklahoma State University. In 1992, she began her career with American Airlines in its Tulsa, Okla., office.

Owens served as the Credit Union's Senior Vice President - Community Relations and Financial Services from 2002 to 2005. She was also responsible for the Credit Union's Business Development, Credit Education, and Member Special Assistance departments. She also previously held leadership positions within AMR Corp., including Managing Director - Corporate Accounting, and Managing Director - Investor Relations for SABRE. Prior to AMR, Owens was an audit manager with Ernst & Young.

"Angie's valuable background in both the airline and credit union industries will help lead the Credit Union to new levels of growth and service in the future," said Doug Herring, AA Credit Union's Chairman of the Board.

To learn more about AA Credit Union or to become a member-owner, call (800) 533-0035 or visit http://www.AACreditUnion.org.

American Airlines Federal Credit Union was founded in 1936, and today serves the present and retired employees of American Airlines, their family members, and others who work in the air transportation industry. AA Credit Union has more than 211,000 member-owners and assets of $4.8 billion. As a cooperative financial services institution, the Credit Union's goal is to provide the best possible benefits and services for its member-owners.

SOURCE AA Credit Union

http://www.AACreditUnion.org

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