TOPEKA, Kan. — The state's eased laws on statewide branching for credit unions seem about to end and could cause a reduction in CU membership growth.
It's all the result of expected passage–possibly within days–of a tough field of membership and branching bill pushed successfully by the banking lobby and being called both convoluted and a compromise by CU leaders who were making plans last week to cope with new expansion limits.
The good news, according to the leadership of the Kansas Credit Union Association, is that the bill drafted by the Kansas Bankers Association months ago and passed by the Senate March 19 by a lopsided 35-2 margin, has an extensive grandfather clause covering existing branches, occupation and association groups, counties and geographic FOM for most Kansas CUs.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
