WICHITA, Kan. — The $525 million Kansas Corporate Credit Union and the Kansas University Jayhawks share something big in common: "We both have had great years" quipped Larry Eisenhauer, president/CEO of Kansas Corporate.
The Jayhawks, crows Eisenhauer, a KU grad, are cheering their two big sports wins: the Orange Bowl victory and last month's NCAA basketball crown. And Kansas Corporate is coming off one of its best years, turning an $800,000 profit for its 135 member CUs.
Addressing the CU's annual meeting here last week during the Kansas Credit Union Association conclave, Eisenhauer attributed the good fortunes to several factors, including the very high level of support from Kansas credit unions, a steady investment policy bringing favorable returns and a staff with longevity and low turnover.
Recommended For You
"We're pretty proud that, of corporates our size, we have probably the highest market penetration at 54%," said Eisenhauer, noting peers elsewhere are in the 38% to 40% range. Kansas Corporate also has the highest ratio of employees with 10 or more years of experience.
Eisenhauer said his CU continues to weather the credit problems buffeting the state and earlier this year added several new Nebraska CU members following contacts made through the Nebraska Credit Union League. There are 110 Kansas CUs in Kansas Corporate plus 25 from other states.
Pointing to its performance record, Eisenhauer said management is particularly proud that "we meet on-site with all our credit unions and try to know precisely their everyday investment needs."
Kansas Corporate, he said, has never had ambitions about "going outside of our market to Florida or New York," and there has not been any talk of mergers with other corporates. "Our members would let us know right away if we weren't doing the job."
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
