Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
3Q numbers show strong momentum for Kansas CUs
WICHITA, Kan. (1/14/14)--Kansas credit unions outperformed their counterparts around the country in two key areas in the third quarter.
 
The expansion of loans and shares in the state outpaced the national average, according to a recent report commissioned for the Kansas Credit Union Association (Vision Jan. 10).
 
Shares and outstanding loans at Kansas credit unions increased by 5.5% and 8.5%. The national averages for share and loan growth in the third quarter were 4.1% and 6.8%.

Used auto loans, the largest component of the loan portfolio, increased 8.7% over September 2012 levels. New auto loans increased 17.9% at Kansas credit unions. The overall auto loan portfolio increased 10.3%, up $195.7 million from September 2012.
 
Delinquency rates, meanwhile, remained low, at 0.86%--below the national credit union average, 1.02%, local commercial bank average, 1.63%, and the in-state savings bank mean, at 1.34%.
 
The third quarter also saw 15,000 additional Kansans join credit unions, bringing the total number of state members to 641,000--almost a quarter of the state's population.
 
The report revealed that credit union service organization (CUSO) participation, as measured by loans to or investments in CUSOs, rose by more than 40% on an annual basis in the third quarter, by $14.3 million.
 


RSS print
News Now LiveWire
July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://tinyurl.com/nybmnhh
1 Day ago
Do you wish you were a News Now subscriber? Go here: http://t.co/7evfBSjeMx
1 Day ago
Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow http://t.co/Xp6OJd66o6
1 Day ago
.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000 http://t.co/I89xJcv4Jg
1 Day ago
.@CUNA is testifying on reg relief Tues,July 15 at 2 p.m. be4 Hs Fin Serv Subc. Here is the agenda and witness list: http://t.co/yBRhlmdqHt
1 Day ago