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January 6, 2011

Kansas Does More Than "Carry On"

A look at the largest 10 credit unions in Kansas by asset size.

By Aaron Pugh

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There must be something in the soil, because big things are happening in Kansas. Statewide, the credit union industry strengthened ahead of national trends in assets, shares, and loans in 2010, with a 5.18% year-over-year growth in total capital and more than 27,000 new members welcomed into the fold as of June 2010.

The state ranked third in loan growth (6.40%), third in member growth (4.71%, more than four times the national average), and first in auto loans per members (25.50%) annually. As of 2Q 2010, here are the 10 largest Kansas credit unions listed by asset size.

Top 10 Kansas Credit Unions By Asset Size
Data as of 2Q 2010
		Total Assets ($000) 06/30/10	% of Total State Assets	Net Worth/Assets	Loans/ Shares	Return on Average Assets	Delinquency Ratio	Operating Exp./Average Assets
1	MERITRUST	658,634	15.21%	9.56%	93.37%	0.57%	1.20%	3.84%
2	CREDIT UNION OF AMERICA	343,264	7.93%	11.42%	92.76%	1.29%	0.46%	3.84%
3	GOLDEN PLAINS	322,534	7.45%	7.99%	102.94%	1.23%	0.60%	3.73%
4	MAINSTREET	259,173	5.99%	10.02%	73.04%	0.40%	1.36%	4.68%
5	CREDIT UNION 1 OF KANSAS (now QUEST CREDIT UNION)	229,299	5.30%	9.32%	44.89%	0.33%	3.20%	2.89%
6	ENVISTA	200,319	4.63%	9.17%	84.41%	0.26%	0.38%	3.76%
7	CESSNA EMPLOYEES	185,744	4.29%	14.28%	49.45%	1.30%	3.10%	2.35%
8	HUTCHINSON	156,254	3.61%	8.60%	76.64%	0.55%	1.15%	3.87%
9	MID AMERICAN	153,180	3.54%	7.88%	107.23%	0.89%	1.35%	3.93%
10	EDUCATIONAL	134,207	3.10%	8.32%	57.67%	0.38%	1.73%	3.14%