User login

Kansas Legislature in Week 3 of Session

The Kansas Legislature is now in week three of the session. In addition to HCUA staff appearing before the Senate Financial Institutions & Insurance Committee earlier this month, we're closely tracking the financial services bills being introduced on both the House and Senate side.

House Bill 2446
Though credit unions may not be directly impacted by this bill, it does impact the consumers we serve. House Bill 2446 would increase minimum auto insurance limits for Kansas drivers. Although the state's bodily injury limits would remain the same (drivers are required to carry a minimum of $25,000/$50,000 in bodily injury coverage), the minimum property damage limit would rise from $10,000 to $25,000.  To date, 28 other states have increased to the $25,000 level. The committee has not yet taken action on the bill.

State of the Industry
A few items of interest from the Office of the State Bank Commissioner’s industry report:

  • State-chartered Kansas banks decreased to 220 (229 in 2012)
  • National banks in Kansas decreased to 41 (57 in 2012)
  • Kansas banks have seen an increased return on assets since 2010, increasing from 1.02% in 2014 to 1.10% in 2015
  • The risk-based capital ratio for Kansas banks has dropped from 16.34% in 2014 to 15.86% in 2015
  • Banks saw an increase in mortgage loan originations, jumping from 16,928 loans in 2014 to 20,557 loans in 2015
  • The state's five largest banks by assets are: Emprise (Wichita), CrossFirst (Leawood), Kansas State Bank (Manhattan), Equity Bank (Andover) and CoreFirst (Topeka).

Kansas Credit Union Day at the Capitol - February 9
As part of Kansas Credit Union Day at the Capitol, Senate and House financial institutions committee chairmen Sen. Jeff Longbine of Emporia and Rep. Scott Schwab of Olathe will be part of a Q&A panel. This is a unique opportunity to get an inside view of the 2016 Legislative Session and hear about committee bills that impact the financial services industry. The day also includes lunch, legislative visits, lunch with legislative leaders and our popular evening reception with lawmakers from across the state.

See the full agenda and register. For questions about Day at the Capitol, contact Haley DaVee or Stephanie Mullholland, 800-362-2076.

Save the Date
HCUA Hike the Hill, June 14-16. More information coming soon.