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Kansas regulator: state-chartered credit unions are small and consolidating
Summary
Julie Murray, administrator of the Kansas Department of Credit Unions, told the Committee on Financial Institutions and Pensions that Kansas has 45 state‑chartered credit unions with about $6.5 billion in assets and that consolidation and small staff sizes are driving mergers.
Julie Murray, administrator of the Kansas Department of Credit Unions, told the Committee on Financial Institutions and Pensions that Kansas has 45 state‑chartered credit unions and that many are small, locally run operations facing consolidation pressures.
Murray said state‑chartered credit unions in Kansas hold about $6.5 billion in total assets, roughly $5 billion in loans and about $5.5 billion in deposits. She said 44 of the charters are “natural person” credit unions and one is a corporate credit…
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