Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Kansas CUs see strong 2Q
WICHITA, Kan. (9/18/09)--Kansas credit unions experienced growth in assets, loans and deposits in the quarter ending June 30, according to the Kansas Department of Credit Unions’ Second Quarter 2009 Call Report. Loans increased to $2.45 billion from $2.2 billion the year before. Total assets rose to $3.7 billion--a more than 12% increase, the department noted in the Wichita Eagle (Sept. 17). Total deposits climbed to $3.05 billion from $2.77 billion. Kansas credit unions experienced a 33% increase in loan delinquencies, largely because of assessments they pay to revive the National Credit Union Share Insurance Fund. Delinquencies rose to $31.9 million from $24 million, the newspaper said. Richard Yadon, Kansas Department of Credit Unions’ financial examiner administrator, said the gain in assets and deposits is because people are moving money out of the stock market and other investments into credit unions.


RSS print
News Now LiveWire
.@TheNCUA open board meeting starts at 10 a.m. ET tomorrow. It is board member J. Mark McWatters' first. Watch @NewsNowLiveWire
3 hours ago
.@CFPB is proposing to oversee larger nonbank auto finance companies for the first time at the federal level.
4 hours ago
.@CUNA's Bill Hampel moderates a discussion on the future of credit unions in the post-100 million member world. http://t.co/kcXykiRQVn
7 hours ago
#Breaking: QE likely to end next month, @federalreserve says #NewsNow #Market http://t.co/u7Fb5l5fwM
7 hours ago
.@Experian study confirms that building a credit history is beneficial to financial marginalized communities. 64M are "credit invisibles"
7 hours ago