John M. Tippets, CEO of American Airlines Federal Credit Union, Retires After 17 Years of Service
18 June 2008 - 12:16AM
PR Newswire (US)
Tippets Honored for Distinguished Career Spanning 42 Years With AMR
at 'Fun Takes Flight' Celebration FORT WORTH, Texas, June 17
/PRNewswire-FirstCall/ -- American Airlines Federal Credit Union
(AA Credit Union) announced today that CEO John M. Tippets will
retire June 30, after 17 years of service. AA Credit Union
President Angela K. Owens, will succeed Tippets as CEO. Tippets
will be honored at "Fun Takes Flight," an aviation industry
celebration, Saturday, June 21, from 10 a.m. to 2 p.m. CDT. Current
member-owners, their families, and eligible members who work in the
aviation industry are invited to attend the event which will take
place at the American Airlines C.R. Smith Museum, 4601 Texas
Highway 360 at FAA Road, Fort Worth, Texas. During the event,
Tippets will be available for a book signing of his newly published
book, Hearts of Courage, the miraculous 29-day survival story of
his father's 1943 plane crash in Alaska. "The Credit Union is
deeply indebted to Mr. Tippets for his dedication to serving our
member-owners for 17 years. 'Fun Takes Flight' provides a fun
environment for guests to meet with him and wish him well in
retirement," Owens said. Tippets was CEO of AA Credit Union from
1991 to 2008, a period of substantial growth and service
innovations. He helped the credit union grow its assets from $1
billion to $4.8 billion, increasing the number of branches and
loans outstanding by four-fold, and doubling the number of
member-owners. Prior to 1991, Tippets served for eight years on the
AA Credit Union Board of Directors. Tippets holds Bachelors and
Masters degrees in Business, with an emphasis in Finance, from
University of California at Los Angeles. He first joined American
Airlines in Los Angeles in 1966, and in 1967 transferred to the
Corporate Planning department at American's headquarters, then in
New York City. Between 1972 and 1990, Tippets held officer level
positions in finance, marketing, planning and operations for Sky
Chefs Inc., a catering and food services subsidiary of American
Airlines at that time. Tippets has been active in the credit union
community, serving frequently as a speaker/panelist on several
industry committees with the National Association of Federal Credit
Unions (NAFCU) and the Credit Union National Association (CUNA). He
served a term with the Federal Reserve Board of Governors Thrift
Institutions Advisory Council, and a term with the Fannie Mae
National Advisory Council. He currently serves on the NAFCU Board
of Directors and the PULSE Oversight Committee. Tippets is an
Advisory Board Member of the "Initiative On Financial Security," an
Aspen Institute Group working to find the best ways to encourage
Americans to save for homes, education and retirement (with a
specific focus on those of modest incomes). He participated with,
and then chaired, the Texas Committee for Homeowners Rights. This
committee was responsible for working with the Texas Legislature in
passing legislation to allow Texas consumers to have access to home
equity loans. AA Credit Union is a strong supporter of the
development of small credit unions, and Tippets has especially
enjoyed working with the New Mount Zion Baptist Church Credit Union
in Dallas. Tippets has also been active in the community, including
holding several different roles with the Tarrant County and DFW
International Airport United Way Annual Fundraising Campaigns and
as a lay leader in his church. He has been active in credit union
political advocacy and has met with federal and state legislators
on credit union issues. Tippets plans on enjoying his retirement by
spending more time with his family as well as catching up on
reading and continuing to learn something new every day. He looks
forward to having more time to continue writing the life histories
of his parents. "Fun Takes Flight" - June 21 Hearts of Courage Book
Signing with John M. Tippets 12:30 p.m. - 2 p.m. -- Hearts of
Courage will be available for purchase at the C.R. Smith Museum
book store. To learn more about AA Credit Union, or to become a
member-owner, call (800) 533-0035, visit
http://www.aacreditunion.org/, or attend the "Fun Takes Flight"
celebration to take advantage of exclusive, limited-time offers.
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 210,000
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. DATASOURCE: American Airlines Federal Credit Union
CONTACT: Brenda Tristan-Marrone of AA Credit Union,
+1-817-967-6097, Web site: http://www.aacreditunion.org/
http://www.aa.com/
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