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Second-quarter delinquencies drop 22 at Kansas CUs
TOPEKA, Kan. (9/13/11)--Loan delinquencies fell 22% at Kansas state-chartered credit unions during the second quarter, compared with delinquencies during the same time last year, according to the Kansas Department of Credit Unions (KDCU). Delinquencies dropped 22% to $27.7 million from $36.6 million in second quarter 2010. Assets and loans grew at 80 state-chartered credit unions, according to the second-quarter 2011 report from the KDCU. Total assets increased to $4.19 billion from $3.89 billion in second-quarter 2010, a nearly 8% increase. Total loans rose nearly 6% to $2.77 billion from $2.62 billion in second quarter 2010. The average net-worth- to-tota-assets ratio for Kansas state-chartered credit unions was 10.76% as of June 30, compared to a ratio of 10.60% as of March 31 and a ratio of 10.69% as of June 30, 2010.


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