ALEXANDRIA, Va. (Dec. 14, 2011) – The National Credit Union Administration (NCUA) Board today approved the merger between Treasure State Corporate Credit Union (Treasure State) of Helena, Mont. and Kansas Corporate Credit Union (Kansas) of Wichita, Kan. Kansas Corporate remains as the continuing corporate credit union.
Both corporate credit unions are financially sound but sought to merge in order to benefit from improved efficiencies and increased service volumes without significant additional expense. The merger is expected to be effective as of January 1, 2012.
Created in 1977, Treasure State is a $230 million state-chartered corporate serving 57 credit unions providing a wide range of correspondent services to meet the financial needs of their credit unions.
Kansas Corporate is a $315 million state-chartered corporate providing their 148 credit unions access to correspondent services, investment solutions, liquidity solutions, and technology services.
NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 96 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At
Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues..