Kansas Ends Drought On NewCUs

December 21, 2005, 1:00 a.m. EST 1 Min Read

HUTCHINSON, Kan. - (12/21/05) -- NCUA said Tuesday it has approvedfederal deposit insurance for a new credit union here, CatholicsUnited CU, that will serve three local Catholic churches. The newcredit union, the first chartered by the state in 10 years, hascommitments from a handful of area credit unions to contributenon-member deposits, according to Jerel Wright, former state creditunion supervisor and now chief lobbyist for the Kansas CUAssociation. The potential membership for the new credit union isabout 17,000. Wichita-based Communities United CU was the lastcredit union to obtain a state charter in 1995.

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