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
#creditunions celebrate #EarthDay2015 by being green aware with e-statements, hosting shred events, planting trees
4 hours ago
From @WSJ: 33% of companies say it took them more than 1 yr to discover a data breach. http://t.co/a0MxV68X6t http://t.co/lkglx6WvKs
8 hours ago
.@CAMCouncil taps into @MICreditUnions' career, tech training resources http://t.co/sotnfCUgIo
9 hours ago
#Inflation ticks up in March, still relatively flat #NewsNow #Market http://t.co/PyAvwdkJ4M
10 hours ago
#NewsNow Ill. league groups elect board, exec officers http://t.co/KAG8MtbGsv
10 hours ago