Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
.@RepDennyHeck to @NWCUA Amplify conference audience: "More often than not, CUs are part of the solution"
17 hours ago
LA Laker and NBA Legend Earvin "Magic" Johnson was the keynote speaker Tuesday @CCULReach, hosted by the Cal/Nev #CreditUnion Leagues
18 hours ago
.@growfinancial's #salsa sensation spices up seed giveaway #NewsNow http://t.co/rKmWVwwzot
18 hours ago
.@TheNCUA Office of Small CU Initiatives soon--maybe Nov.--will launch website for #CUs 2 research #creditunion vendors or service providers
18 hours ago
.@TheNCUA says late 2Q Call Report filers 2 pay total of $17,111 in penalties.Individual penalty range is $52 to $1,824;median is $256. 2of2
19 hours ago