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News Now

CU System
Kansas legislators told CUs a smart choice
TOPEKA, Kan. (2/17/10)--More than 175 individuals representing Kansas credit unions gathered at the Kansas Statehouse Feb. 10 to meet with legislators and discuss issues affecting credit unions.
Click to view larger image (From left) Angie Miller, manager of Emporia (Kan.) State FCU; Rick Krehbiel, manager, Mid-Kansas CU, Moundridge; and Stanley Schrag, volunteer, Mid-Kansas CU, talk with Kansas State Rep. Don Schroeder (R-74) Wednesday at the state Capitol.
Click to view larger image Marla Marsh (left), president/CEO of the Kansas Credit Union Association, and U.S. Rep. Lynn Jenkins (R-Kan.), met at the Kansas Statehouse Wednesday during Kansas credit unions’ day at the Capitol. (Photos provided by the Kansas Credit Union Association)
The central theme was, “Credit unions--Always a Smart Choice for Consumers,” according to the Kansas Credit Union Association. Credit union leaders shared several key messages with elected officials:
* Kansas credit unions are serving their members during the economic recession, but are concerned about the impact increasing legislative and regulatory burdens might have on their ability to do so in the future; * Consolidating the Kansas Department of Credit Unions and the Bank Commissioner’s Office does not make sense for effective oversight and will not help the budget shortfall; * Kansas credit unions support efforts to increase economic development and access to lending for small businesses; and * Kansas credit unions oppose sweeping funds from 100% fee-supported agencies--such as the Kansas Department of Credit Unions--to the state’s general fund.
“We received positive feedback with legislators agreeing with our position on several issues,” said Haley DaVee, league vice president of legislative and public affairs. “The overall feeling at the capitol was one of support and encouragement for the important work we’re doing.” Kansas credit unions represent 6.3% of the state’s market share, compared with banks’ 75.2% and savings banks’ 18.5%. The state’s credit unions have experienced loan growth of 10.9% compared with 2.2% nationally. Kansas credit unions represent 600,000 members.


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