Kansas Administrative Regulations Agency 121 - DEPARTMENT OF CREDIT UNIONS
Here’s a refined summary of Kansas Administrative Regulations – Agency 121: Department of Credit Unions (K.A.R. 121):
🏦 Agency 121 Structure: 12 Articles
Agency 121 governs state-chartered credit unions in Kansas, covering—from definitions to audits, mergers, branches, and trust activities:
Article 1 – Low‑Income/Community Development Credit Unions (§121‑1‑1)
Article 2 – Business Recovery / Contingency Planning (§121‑2‑1)
Article 3 – Credit Union Services Organizations (CUSO) (§121‑3‑1)
Article 4 – Trust Supervision (§121‑4‑1 to §121‑4‑11)
Article 5 – Credit Union Deteriorating Condition (§121‑5‑1 to §121‑5‑4)
Article 6 – Reporting Place of Business for Credit Unions (§121‑6‑1 to §121‑6‑2)
Article 7 – Incidental Powers of Credit Unions (§121‑7‑1)
Article 8 – Credit Union Unsafe and Unsound Practices (§121‑8‑1)
Article 9 – Foreign Credit Unions (§121‑9‑1)
Article 10 – Credit Union Annual Audit Requirements (§121‑10‑1 to §121‑10‑2)
Article 11 – Merger of Credit Unions (§121‑11‑1 to §121‑11‑2)
Article 12 – Credit Union Branches (§121‑12‑1) (law.cornell.edu)
🔎 Highlighted Provisions
Article 3 – CUSO (§ 121‑3‑1)
Defines how credit unions can form and invest in Credit Union Service Organizations, which offer operational or financial services to themselves and their members.
Article 4 – Trust Supervision (§ 121‑4‑2)
Allows a credit union, upon Administrator approval, to exercise fiduciary/trust powers. (casetext.com)
Article 5 – Deteriorating Condition (§ 121‑5‑3)
Specifies criteria under which a credit union is considered in a deteriorating condition, per K.S.A. 17‑2206(d). (casetext.com)
Article 12 – Branches (§ 121‑12‑1)
Defines a “branch” strictly as a staffed facility—excluding ATMs or remote service units. This definition is effective as of May 1, 2009, and current through March 27, 2025. (law.cornell.edu)
📌 General Notes & Background
The full text—and PDF forms—of each Article are available from the Kansas Department of Credit Unions website (kdcu.ks.gov).
These regulations are updated quarterly, ensuring they reflect recent statutory or administrative changes. (law.cornell.edu)
Agency 121 supports compliance with the Kansas Credit Union Code, including field-of-membership, audit, merger, branching, and unsound practice standards.
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