Loans and assets increased for Kansas chartered credit unions in the first quarter, according to a report released this week by their regulator.
The Kansas Department of Credit Unions said in its quarterly call report statistics that in the three-month period ended March 31, the state credit unions had $2.7 billion in loans, up about 6 percent from the same quarter a year ago.
Total assets increased nearly 8 percent to $4.17 billion, the report said. And total membership increased 10 percent to 599,834.
Total delinquencies fell 14 percent in the quarter to $28.5 million.
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"Overall, I view this as pretty positive," said John Smith, KDCU administrator.
Smith said his only concern was a slight increase in the average net worth to total assets ratio, which indicates credit unions' asset growth was happening at a faster pace than their growth in net worth. He said his agency would be watching that ratio closely over the next several quarters.
Michael Baugh, KDCU's financial examiner administrator, who puts together the report, said the decrease in delinquencies was an especially positive note.
"One quarter does not really make a trend but we are encouraged by the numbers we saw in the first quarter," Baugh said. "We would like to see that trend carried out in subsequent quarters."