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American Airlines Federal Credit Union Names Angela K. Owens President

Key Appointment to Ensure Smooth Transition to Future CEO Position

In a move that brings added strength and experience to its leadership team, and provides for succession for the chief executive officer position, American Airlines Federal Credit Union today announced the appointment of Angela K. Owens as President.

Owens returns to AA Credit Union from American Airlines, where she currently is the airline's General Auditor. While previously with the AA Credit Union, Owens served as Senior Vice President -- Community Relations and Financial Services. In this role, Owens led the credit union's Financial Services group, which employs licensed representatives to provide financial planning and advising services to members. She was also responsible for the credit union's business development, credit counseling, and member special assistance efforts.

"We are excited to welcome Angie back to the Credit Union and the tremendous experience she brings to our members," said Douglas Herring, AA Credit Union chairman. "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."

Owens previously held leadership positions within the AMR Corporation family, including Managing Director -- Corporate Accounting for American Airlines and Managing Director -- Investor Relations for Sabre. Prior to AMR, Owens was an Audit Manager with Ernst & Young. 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 from Oklahoma State University.

AA Credit Union's current President and Chief Executive Officer, John Tippets, will retain the title of Chief Executive Officer. Upon Owens joining the credit union late this summer, they will work closely together to ensure a smooth and successful transition of leadership upon Tippets' future retirement.

About American Airlines Federal Credit Union

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 is one of the ten largest in the country and the largest credit union headquartered in Texas with more than 209,000 members and assets of $4.3 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.

First Call Analyst:
FCMN Contact: rick.wilbins@aa.com

SOURCE: American Airlines Federal Credit Union

CONTACT: Brenda Tristan-Marrone of AA Credit Union, +1-817-967-6097,
brenda.tristan-one@aacreditunion.org

Web site: http://www.aa.com/

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