Kansas Credit Unions

Member engagement remains the cohort's most pressing vulnerability. Membership growth decelerated further to -1.57% in 2026-Q2, worsening from -1.14% in 2026-Q1 (a 0.44 pp deterioration QoQ) and from -1.05% in 2025-Q2 (a 0.52 pp deterioration YoY). This marks five consecutive quarters of negative membership growth — last positive in 2025-Q1 at +4.64%. At 88 bps below the national rate of -0.69%, Kansas credit unions are losing members faster than the industry average, signaling a structural engagement challenge that profitability gains cannot mask indefinitely.

Profitability was the clear bright spot in 2026-Q2. ROA increased to 0.96% from 0.65% in 2026-Q1 — a 0.31 pp QoQ jump — and climbed 0.17 pp above the 2025-Q2 reading of 0.79%, placing Kansas credit unions 7 bps above the national benchmark of 0.89%. NIM remained stable QoQ at 4.00% (up just 2 bps from 3.98% in 2026-Q1) but increased a meaningful 0.14 pp year-over-year from 3.87% in 2025-Q2, holding 26 bps above the national NIM of 3.74%. The margin environment continues to support strong earnings.

Asset and loan growth both accelerated in 2026-Q2. Asset growth reached 3.57%, up from 2.89% in 2026-Q1 (a 0.68 pp QoQ acceleration) and sharply ahead of 1.36% in 2025-Q2 (a 2.21 pp YoY acceleration) — extending a positive streak to nine consecutive quarters since 2024-Q2 and outpacing the national rate of 2.63% by 94 bps. Loan growth accelerated modestly to 0.90% from 0.84% in 2026-Q1 (+0.05 pp QoQ) and surged from -0.02% in 2025-Q2, marking the fourth consecutive positive quarter and running 68 bps above the national benchmark of 0.22%.

The risk profile in 2026-Q2 presents a mixed but manageable picture. Delinquency increased to 0.94% from 0.87% in 2026-Q1 (+0.07 pp QoQ), nudging 7 bps above the national benchmark of 0.88% — a modest but notable deterioration. On a YoY basis, however, delinquency decreased from 1.05% in 2025-Q2 (-0.11 pp), indicating meaningful improvement over a longer horizon. Net worth strengthened on both timeframes, rising to 13.93% from 13.71% in 2026-Q1 (+0.22 pp QoQ) and from 13.80% in 2025-Q2 (+0.14 pp YoY), holding 12 bps above the national level of 13.81%.

Portfolio composition in 2026-Q2 reflects a deliberate or structural divergence from national norms. First mortgage concentration edged up 0.10 pp QoQ to 15.99% from 15.89% in 2026-Q1, but slipped 0.09 pp YoY from 16.07% in 2025-Q2 — remaining well below the national figure of 22.22%. Indirect auto concentration declined 0.15 pp QoQ to 12.05% and fell 0.47 pp YoY from 12.52%, yet still runs 4.34 pp above the national rate of 7.71%. Share certificate concentration ticked up 0.09 pp QoQ and 0.12 pp YoY to 24.39%, exceeding the national level of 20.02% by a wide margin.