Regulator says Kansas credit union industry assets surpass $5 billion

By Jerry Siebenmark

The Wichita Eagle

The regulator of Kansas chartered credit unions said the industry marked a milestone in the first quarter of 2014 by topping $5 billion in combined assets.

That was the headline item in Kansas Department of Credit Unions report looking at the performance of state chartered credit unions for the three-month period that ended March 31.

The report, released this week, said combined assets of Kansas' 75 state-chartered credit unions was $5.13 billion, a 5 percent increase from the first quarter of 2013.

Total loans, the report said, increased more than 9 percent in the period to $3.35 billion.

The average delinquency ratio fell from 0.86 percent to 0.74 percent in the first quarter of 2014, the report said.

(c)2014 The Wichita Eagle