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Kansas CU regulator Assets loans members are up
WICHITA, Kan. (6/23/08)--Assets, loans and membership for credit unions in Kansas are up for the first three months of 2008, putting the state's credit unions in good shape, according to the state regulator. Data from the Kansas Department of Credit Unions for first quarter 2008 show increases in all three areas (Wichita Eagle June 19). Total assets rose 9.6% to $3.19 billion in first quarter 2008 over the same period in 2007. Loans totaled $2.13 billion, up 6% over the period last year. Credit union membership increased 2% to more than 513,000 members. KDCU Administrator John Smith noted the gains in membership and assets may be because consumers are depositing savings instead of investing in the stock market, the newspaper said. Loan delinquency amounts rose more than 20% to $23 million from $19 million since first-quarter 2007. However, they dropped 12.8% or $3.4 million between fourth quarter 2007 and first quarter 2008. The number of credit unions dropped to 87 from 90.
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