Credit Union To Mutual Conversion: Do Interest Rates Diverge?
Abstract"This study conducts a cross-sectional analysis of 175 depository institutions, assessing the impact on the interest rates charged on loan products and offered on savings products by the size of the institution, its liquidity, its net worth, its tax and salary payments, and its status as a for-profit institution, a credit union (CU), or a converted CU. We find that banks and converted CUs have interest rates significantly less favorable for consumers than CUs, suggesting that a CU converting will result in adverse interest rate movements for its customers. "("JEL "621, L3) Copyright 2007 Western Economic Association International.
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Bibliographic InfoArticle provided by Western Economic Association International in its journal Contemporary Economic Policy.
Volume (Year): 26 (2008)
Issue (Month): 1 (01)
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- Robert Tokle & Joanne Tokle, 2010. "Credit Union Growth in Mid-sized Markets," New York Economic Review, New York State Economics Association (NYSEA), vol. 41(1), pages 45-56.
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