IDEAS home Printed from https://ideas.repec.org/a/fip/fedfel/y2007ijun22n2007-16.html
   My bibliography  Save this article

Credit unions, conversions, and capital

Author

Listed:
  • James A. Wilcox

Abstract

While credit unions have been able to convert their charters more easily since the late 1990s, two conversions of very large credit unions--over $1 billion in assets each--in 2006 have put the issue on the front burner for the industry. ; This Economic Letter outlines some costs and benefits to their member-owners of credit unions' converting to stock thrifts and describes one way to reform the process in order to spread the benefits of conversion more broadly to credit union members.

Suggested Citation

  • James A. Wilcox, 2007. "Credit unions, conversions, and capital," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue jun22.
    • Handle: RePEc:fip:fedfel:y:2007:i:jun22:n:2007-16
    as

    Download full text from publisher

    File URL: http://www.frbsf.org/publications/economics/letter/2007/el2007-16.html
    Download Restriction: no
    File URL: http://www.frbsf.org/publications/economics/letter/2007/el2007-16.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Haluk Unal, 1997. "Regulatory Misconceptions in Pricing Thrift Conversions: A Closer Look at the Appraisal Process," Journal of Financial Services Research, Springer;Western Finance Association, vol. 11(3), pages 239-254, June.
    2. Fabio R. Chaddad & Michael L. Cook, 2004. "The Economics of Organization Structure Changes: a US perspective on demutualization," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 75(4), pages 575-594, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yamin Ahmad & Russell Kashian, 2010. "Modeling the time to an initial public offering: When does the fruit ripen?," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 34(4), pages 391-414, October.
    2. Friesen, Geoffrey C. & Swift, Christopher, 2009. "Overreaction in the thrift IPO aftermarket," Journal of Banking & Finance, Elsevier, vol. 33(7), pages 1285-1298, July.
    3. Mattia Girotti & Richard Meade, 2017. "U.S. Savings Banks' Demutualization and Depositor Welfare," Working Papers 2017-08, Auckland University of Technology, Department of Economics.
    4. Carow, Kenneth A. & Cox, Steven R. & Roden, Dianne M., 2004. "Mutual holding companies: Evidence of conflicts of interest through disparate dividends," Journal of Banking & Finance, Elsevier, vol. 28(2), pages 277-298, February.
    5. Mr. Martin Cihak & Mr. Heiko Hesse, 2007. "Cooperative Banks and Financial Stability," IMF Working Papers 2007/002, International Monetary Fund.
    6. Patrick HERBST & Jens PRUFER, 2016. "Firms, Nonprofits, And Cooperatives: A Theory Of Organizational Choice," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 87(3), pages 315-343, December.
    7. Kane, Edward J., 1998. "Lessons of privatization1," Pacific-Basin Finance Journal, Elsevier, vol. 6(3-4), pages 235-249, August.
    8. Alejandro Pacheco & Chun-Hao Chang & Edward R. Lawrence, 2022. "Why do Subchapter S Banks Convert to C Banks?," Journal of Financial Services Research, Springer;Western Finance Association, vol. 62(3), pages 143-161, December.
    9. Egle Girdzijauskaite & Asta Radzeviciene & Arturas Jakubavicius & Audrius Banaitis, 2019. "International Branch Campuses as an Entry Mode to the Foreign Education Market," Administrative Sciences, MDPI, vol. 9(2), pages 1-14, June.
    10. Francesc Relano, 2015. "Disambiguating the concept of social banking," Post-Print hal-01507875, HAL.
    11. M.J. Keneley, 2014. "The Decision To Demutualize: An Exploration Of The Drivers Of Organizational Change Within The Australian Life Insurance Market," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 85(3), pages 409-425, September.
    12. Otchere, Isaac, 2006. "Stock exchange self-listing and value effects," Journal of Corporate Finance, Elsevier, vol. 12(5), pages 926-953, December.
    13. Mr. Wim Fonteyne, 2007. "Cooperative Banks in Europe—Policy Issues," IMF Working Papers 2007/159, International Monetary Fund.
    14. Adams, Brian & Carow, Kenneth A. & Perry, Tod, 2009. "Earnings management and initial public offerings: The case of the depository industry," Journal of Banking & Finance, Elsevier, vol. 33(12), pages 2363-2372, December.
    15. Adalgiso Amendola & Cristian Barra & Marinella Boccia & Anna Papaccio, 2021. "Market Structure and Financial Stability: the Interaction between Profit-Oriented and Mutual Cooperative Banks in Italy," Journal of Financial Services Research, Springer;Western Finance Association, vol. 60(2), pages 235-259, December.
    16. Catherine M. Schrand & Haluk Unal, 1995. "Hedging and Coordinated Risk Management: Evidence from Thrift Conversions," Center for Financial Institutions Working Papers 96-05, Wharton School Center for Financial Institutions, University of Pennsylvania.
    17. Kenneth A. Carow & Steven R. Cox & Dianne M. Roden, 2007. "The Role of Insider Influence in Mutual‐to‐Stock Conversions," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(6), pages 1285-1304, September.
    18. Riccardo Ferretti & Pierpaolo Pattitoni & Alex Castelli, 2019. "Security-voting structure and equity financing in the banking sector: ‘one head-one vote’ versus ‘one share-one vote’," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 23(4), pages 1063-1097, December.
    19. Ivana Catturani & Erika Dalpiaz, 2017. "Alternative classifications of Italian banks:Do different grouping rules mislead results on the risk profile of banks?," DEM Working Papers 2017/11, Department of Economics and Management.
    20. Bellavite Pellegrini, Carlo & Pellegrini, Laura & Romelli, Davide, 2012. "Stabilità e efficienza delle Banche Popolari europee: L’evidenza empirica in Italia e Germania nel periodo 2006-2009 [Stability and efficiency of European Popular Banks: Empirical evidence in Italy," MPRA Paper 104658, University Library of Munich, Germany, revised 2012.

    More about this item

    Keywords

    Credit unions;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedfel:y:2007:i:jun22:n:2007-16. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Federal Reserve Bank of San Francisco Research Library (email available below). General contact details of provider: https://edirc.repec.org/data/frbsfus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.