History of Kansas Credit Unions

Last updated: August 24, 2017

Kansas Pioneered in the Early Development of American Credit Unions

In fact, several innovations that are in practice in state and federal credit unions today were developed in Kansas.

In 1929, the Kansas government granted a charter to credit unions. On July 11, 1929 the secretary of state charted the first ever credit union in Kansas.

  • It was called Topeka Federal Employee's Credit Union. Records show 8 credit unions existed in 1930, 97 in 1940, and 96 in 1950.

Millennium Corporate Credit Union (formerly known as Kansas Corporate Credit Union) was chartered in 1951 as the first corporate credit union in the United States. 

  • This corporate credit union helped smaller credit unions share funds. If one credit union needed money to fund loans, this corporate credit union would help the sharing of excess funds.

House Bill 1636 in 1968 established the department of credit unions. This was overseen by an administrator and the credit union council. 

  • Supervision of 243 credit unions was transferred to the newly established department.

The Kansas Department of Credit Unions regulates Kansas credit unions and protects their members from undue risk. Contact the Department of Credit Unions with inquiries and complaints related to credit unions.

This article is published on KansasMoney.gov. Find more information by contacting these state agencies: