Kansas Credit Unions

Member engagement deteriorated meaningfully in 2026-Q1. Member growth decelerated to -1.14%, worsening from -0.61% in 2025-Q4 — a 0.52 pp QoQ decline — and representing a dramatic reversal from the 4.64% growth recorded in 2025-Q1, a 5.77 pp YoY swing. Kansas CUs now trail the national average of -0.65% by 49 basis points, placing them among the weaker-performing cohorts on membership. The sustained contraction signals structural challenges in member acquisition and retention that demand urgent strategic attention.

Profitability remained remarkably stable in 2026-Q1. ROA held at 0.65%, essentially unchanged from 0.66% in 2025-Q4 (a negligible 1 bp decline) and flat versus 0.65% in 2025-Q1, sitting just 2 bps below the national benchmark of 0.67%. NIM was the standout, edging up to 3.98% from 3.97% QoQ and rising 0.17 pp from 3.81% in 2025-Q1 — now 28 bps above the national average of 3.70%. Strong net interest margins are providing a durable earnings buffer even as membership trends weaken.

Growth momentum decelerated across key metrics in 2026-Q1, though rates remain positive. Asset growth slowed to 2.89% from 3.11% in 2025-Q4 (-0.22 pp QoQ) and from 3.47% in 2025-Q1 (-0.58 pp YoY), yet still outpaces the national rate of 2.64% by 25 bps. Deposit growth decelerated sharply to 2.22% from 3.13% last quarter (-0.91 pp QoQ), barely above the national 2.16%. Loan growth held stable at 0.84% — effectively unchanged from 2025-Q4 — and leads the national rate of 0.31% by 53 basis points, a notable competitive advantage.

The risk profile improved in 2026-Q1, offering a meaningful bright spot. Delinquency decreased to 0.87% from 1.13% in 2025-Q4, a 0.26 pp QoQ improvement, and edged down from 0.93% in 2025-Q1 by 0.05 pp YoY. Despite this progress, Kansas CUs remain 10 bps above the national benchmark of 0.78%, indicating continued room for improvement. Net worth decreased to 13.71% from 13.99% QoQ (-0.27 pp), but increased from 13.49% a year ago (+0.23 pp YoY), sitting 10 bps above the national 13.61% — a well-capitalized position.

Portfolio composition shifted modestly in 2026-Q1. First mortgage concentration edged up to 15.89% from 15.57% in 2025-Q4 (+0.32 pp QoQ) but declined 0.26 pp from 16.15% in 2025-Q1 — and remains well below the national average of 22.15%, suggesting Kansas CUs are underweighted in this category. Indirect auto fell to 12.20%, down 0.81 pp YoY from 13.00%, though still 4.47 pp above the national 7.73%. Share certificate concentration dipped to 24.31% from 24.55% QoQ but rose 0.42 pp YoY from 23.89%, sitting 4.51 pp above the national 19.80%.