Two of Kansas’ largest credit unions, Credit Union 1 of Kansas and Credit Unions United, both of Topeka , with combined assets of $250 million, are planning a merger of equals to take place in 2010. Management representing both credit unions stressed their healthy financial condition but said economies of scale with favorable rates and fees for members are envisioned. The combined credit union will be renamed and will operate under a single charter, officials said. A vote by the membership of both is slated for Nov. 4, with completion of the consolidation in April 2010. “Both credit unions have strong capital and efficient operations,” said a statement issued by both credit unions. “However, given the challenges of competing and growing in the current economic climate, the boards of directors believe that consolidating will make for a more robust organization, better positioned for future growth and success.” By combining, the CUs said they will be able to offer members access to additional branch locations, enhanced technologies and, potentially, more products and services. Credit Unions United operates in 17 eastern Kansas counties as well as serving Topeka businesses.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical 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 and

Already have an account?

Peter Westerman


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 and

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

Copyright © 2023 ALM Global, LLC. All Rights Reserved.