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 City CUs report healthy third quarter
KANSAS CITY (11/27/07)--Despite declining revenues and an uptick in delinquent loans, Kansas City area credit unions reported a healthy third quarter. The National Credit Union Administration released financial reports that reveal the financial health of the Kansas City area’s 60 credit unions (KanasasCity.com Nov. 24). Collectively, the area credit unions earned 23% less in July August and September than they did in the previous three months. During the third quarter, delinquent loans for the credit unions went up 10.6%, but as a percentage of all loans remained relatively low at 1.03%. A Nov. 1 merger of CommunityAmerica CU with Midwest United CU resulted in CommunityAmerica garnering more than half the assets and almost 60% of the loans of all area credit unions. The $1.518 billion asset, Lenexa, Kan.-based CommunityAmerica is growing. It has three new branches and plans to build more next year. On the other end of the asset spectrum, KC Terminal Employees/Guadalupe Center FCU--despite being hit by several delinquent loans--still has a net worth equal to almost 29% of its assets, higher than any other credit union in the area. However, it is one of four area credit unions with less than $1 million in assets.


RSS





print
News Now LiveWire
.@fileneresearch IDs 5 challenges for #women in #creditunion leadership http://t.co/GAYbw2dcCl
51 minutes ago
It's Monday, time for another data breach release: @Uber's driver database via @pymnts #Stopthedatabreaches http://t.co/UoMcy4j5n4
1 hour ago
.@Nussle, Cummins share #creditunion difference with Minn. biz journal http://t.co/7EZ4FdgfD9
2 hours ago
.@cuna #GAC2015 countdown: @USTreasury 's Gerety, @CFPB 's Martinez join power-packed lineup http://t.co/nHNJ81tGbi
3 hours ago
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
23 hours ago