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News Now

CU System
Kansas CUs end year with more assets members
WICHITA, Kan. (3/15/11)--Kansas-chartered credit unions added both more members and assets in 2010, according to the state regulator. The Kansas Department of Credit Unions’ Fourth Quarter 2010 Call Report Statistics showed that as a whole, the state’s credit unions increased teir assets 4.08% to $4.02 billion between 2009 and 2010. Annualized membership growth was 3.71% during the same time period. The Wichita Eagle March 12). Loans increased 6.21% to $2.7 billion in 2010. Kansas credit unions’ return on average assets ratio was 0.71% compared with 0.47% a year ago, the report said. Delinquency ratios were down, from an average of 1.57% to 1.34%, according to the report. The number of state-chartered credit unions in Kansas dropped by one during 2010, to 81. Wyandotte CU merged into Lenexa-based Mainstreet CU, with $263 million in assets, on Dec. 31.


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