Kansas credit unions, and all credit unions, are member-owned, not-for-profit financial cooperatives whose sole purpose is to meet the needs of their members. All credit unions live by the philosophy of "people helping people.”
Credit unions differ from other financial institutions in that they are not out to make a profit. Any profit a credit union makes goes back to its members in the form of lower loan rates, higher interest on deposits, and lower fees.
Kansas credit unions are vital to each and every community they serve, and are dedicated to making their communities a great place to live. They support other businesses and organizations, provide a financial service to their neighbors and give back to other not-for-profits through fundraisers, charitable giving and community events.
Kansas credit unions have always recognized the importance of financial literacy—both for their members and in their communities. Their main priority is to serve their members and help them achieve financial success.
Did you know?
- Kansas credit unions provide more than $39 million annually in direct benefits to their members.
- Kansas credit union members can save $30,000 over their lifetime simply by using a credit union.
- Annual growth figures for assets, shares, and loans remain strong at Kansas credit unions, exceeding national trends.
- 88 percent of credit union members are satisfied with their financial institution's service (Prime Performance Bank & Credit Union Satisfaction Survey)
- Trust in credit unions rose to 63 percent, while trust in national banks fell to 23 percent (2012 Kellogg School Financial Trust Index)