TOPEKA, Kan. — Following negotiations between the bank and credit union lobbies, the Kansas legislature appears to be headed this week toward passing compromise legislation putting new limits on field of membership expansion.
The legislature puts new limits on state-chartered Kansas credit unions, but stops short of using language in federal FOM statutes.
The proposed bill drafted by the Kansas Bankers Association and agreed to by the Kansas Credit Union Association would restrict future statewide branching by CUs in certain metro areas of the state based on population size.
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