Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Kansas CUs End 2012 With Growth
WICHITA, Kan. (5/1/13)--Kansas credit unions reported strong performances in several key areas for 2012, led by gains in assets and loans, the Kansas Credit Union Association said.

"Kansas credit unions are deepening relationships with members, exploring new delivery channels and finding ways to reach borrowers in the communities they serve," said Tammy Wendland, consultant for KCUA. "Despite increasing regulatory burdens, our credit unions continue to elevate the financial health of 626,000 Kansas member-owners."

Total assets at Kansas credit unions increased 7.84% from December 2011, exceeding the national average of 6.23%. Loans rose 6.15% in Kansas compared with the national average of 4.54%.

Kansas credit unions reported a 7.79% gain in shares. This exceeds the 6.09% growth rate in shares nationally. The growth was led by an 18.73% jump in money market shares.

Kansas credit unions reported an average capital ratio of 11%, compared with the national average of 10.4%. Revenues for 2012 grew 3% in 2011 and are beginning to return to 2009 levels, said KCUA.

Sales of mortgage loans on the secondary market have assisted in creating a 22.8% increase in non-interest income over 2011, KCUA said. The sales have helped hold up credit union bottom lines as loan yields continue to fall in the current low interest-rate environment.

Delinquency rates remained fairly constant among Kansas credit unions, compared with 2011, standing at 0.94% at the end of 2012 and beating the national average by 22 basis points. Net charge-offs at Kansas credit unions for 2012 was 0.58%, decreasing 71 basis points from the end of 2011 and beating the national average of 0.74%, KCUA said.

RSS





print
News Now LiveWire
#Maine #creditunion membership growth continues record pace http://t.co/yFRur4TQ0x
16 hours ago
.@TheNCUA closes N.Dade Community Development FCU,Miami Gardens, Fla. determining CU violated some charter provisions,bylaws & fed. rules.
17 hours ago
Why a #creditunion can be a good fit for #smallbiz http://t.co/l7Df9b8vQZ @fundbox
19 hours ago
Who's most adept at saving these days? The middle class, says @Bankrate http://t.co/zVi7typdVU
20 hours ago
.@OregonCCU donates $20K in Sprint program monies to @CMNHospitals @CU4Kids via @NWCUA http://t.co/0wTAH5NTNI
20 hours ago