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Kansas CUs beat national trends
WICHITA, Kan. (1/10/11)--Despite a turbulent year in the financial industry, Kansas credit unions show higher than average numbers for national trends in assets, shares, and loans during 2010, with a 5.18% year-over-year growth in total capital, announced the Kansas Credit Union Association. Member growth increased as well, with the state's 102 credit unions reporting more than 27,000 new members as of June 2010, which means Kansas credit unions serve more than 600,000 consumers. Kansas credit unions also ranked third in loan growth, at 6.4%; third in member growth, at 4.71%--more than four times the national average--and first in auto loans per members, at 25.5% annually). The state's credit unions remain a stable option for financial services to both individuals and businesses, said the association. "These statistics reinforce that more and more people realize the true value of financial cooperatives like credit unions," said Bob Mayes, vice president of credit union support services at KCUA. "Kansas credit unions work hard to serve their members, and the association is proud of their dedication to the credit union philosophy: people helping people." Callahan and Associates conducted the survey for the association.


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