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News Now

CU System
Kansas CUs report strong quarter
WICHITA, Kan. (12/5/08)--Kansas credit unions reported a strong third quarter, according to a Kansas Department of Credit Unions report issued this week. The report indicated that assets, loans and net worth were higher for the state’s 85 credit unions for the quarter, despite an increase in delinquencies (The Wichita Eagle Dec. 4). Kansas credit unions overall are strong and performing well in tough financial times, John Smith, department administrator, told the newspaper. Kansas credit union assets in the quarter totaled $3.29 billion--nearly a 12% rise from the third quarter of 2007, the paper reported. Total loans increased more than 9% to $2.29 billion in the same period. The net worth of credit unions also went up 5.7% to $388 million. Credit union membership climbed to 514,523 compared with 506,629 a year ago. For the complete story, use the link:
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