Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Kansas credit unions were very supportive this year when John Smith, credit union administrator of the Kansas Department of Credit Unions, proposed to update Kansas Statute Annotated (KSA) 17-2204a which provides authority for Kansas credit unions to invest in or make loans to a Credit Union Service Organization (CUSO).

The change was important because credit unions needed to have more flexibility in the ownership structure of a CUSO and under the previous law, credit unions were limited to ownership of a CUSO structured as a capital stock corporation. A CUSO as a capital stock corporation was very outdated in the eyes of many credit unions, leading some credit unions to begin structuring CUSOs as limited liability companies in order to protect the credit union from undue liability.

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:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.