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Credit union takes steps to assist Delta employees

Following Delta Air Lines’ recent bankruptcy filing, Delta Employees Credit Union has taken a number of positive actions to reassure members of the safety and soundness of their credit union, as well as offer options for members adversely affected by the bankruptcy.

Members received a letter from Rick Foley, DECU President and CEO, regarding the credit union’s safety and soundness. This message has also been communicated to members via the credit union’s Web site at www.decu.org and through earlier mailings. Foley’s letter explained the relationship that exists between DECU and Delta Air Lines

“Because DECU is a separate entity from Delta Air Lines, members’ credit union funds will not be adversely affected as a result of the bankruptcy,” he wroter. “Members have access to their accounts and funds just as they did prior to this action.”

DECU has a Member Assistance Program designed with several loan options to aid members negatively impacted by the bankruptcy or job losses. In addition, DECU has established an emergency loan program to help members impacted by Hurricane Katrina. The credit union also serves as the depository for the Delta Air Lines’ American Red Cross Fund and the Delta Employee Relief Fund for employees based at one of the airports hit by Katrina.

DECU, headquartered in Atlanta, was founded in 1940. While DECU began serving only employees of Delta Air Lines, the credit union is now able to provide a complete range of financial services to employees of more than 100 different companies. DECU has 163,000 members and is the largest credit union in Georgia with over $2.6 billion in assets. DECU is the 21st largest credit union in the United States.