Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
KCUA: Kansas CUs Start 2013 With Strong Growth
WICHITA, Kan. (7/5/13)--Kansas credit unions began 2013 with strong growth in assets, shares, capital and loans, according to the Kansas Credit Union Association, in another indication of the value that credit unions bring to members.
 
Loans balances rose by 5.8%, which was "outstanding," said KCUA. That compares with nationwide loan balance growth of 4.8%. The average member relationship--the outstanding combined loan and share balances per member, excluding member business loans--increased to $12,428 in March.
 
"Our state credit unions continue to faithfully serve the 630,000 Kansas consumers who are credit union members," said Tammy Wendland, consultant for KCUA. She noted that the People Helping People philosophy "is evident by the increased member relationship numbers, as people continue to see the value of credit unions and how credit unions can help them reach their financial goals."
 
Share balances rose at a 6% rate, outpacing the 5.1% national average, with only share certificates decreasing.
 
KCUA said asset quality is still a high point for credit unions in the state, despite a slight increase in delinquency. Even with the increase, credit unions are still below the national delinquency average of 1.02%.
 
Capital levels remained high--at 11.3% of assets, better than commercial banks, as well as credit unions and banks overall nationwide.
 
Membership rose by 5,300 people during the past year, with Kansas credit unions now serving more than 630,000 members, said KCUA.
Other Resources

Full report
RSS print
News Now LiveWire
#NewsNow: @CFPB offers tips for consumers who think their credit/debit cards have been hacked. http://t.co/rHnfYkJPIj
14 hours ago
See who's 1st to earn @CUNA's new biz development designation #NewsNow http://t.co/vn5ch4HkRC
16 hours ago
Joe Bergeron, president/CEO of the Association of Vt. CUs, has been re-elected to the board of the @NCBACLUSA
16 hours ago
NCUA reminds: CU managers/directors looking to improve leadership skills still can register 4 Leadership Boot Camps. http://t.co/0AUtIpWNqr
16 hours ago
Australia's Customer Owned Banking Association is @fileneresearch 's latest Gold benefactor.
18 hours ago