The impact of credit unions on the rates offered for retail deposits by banks and thrift institutions
Because of the increasing significance of credit unions as potential competitors for consumer deposits, this paper examines the impact of the market presence of credit unions, variously measured, on the rates for three different types of consumer deposits offered by banks and thrift institutions. In contrast to previous studies, the sample employed covers the nation as a whole, incorporates all large urban areas, and employs survey data on deposit rates for a substantially larger number of institutions than previously employed. Despite circumstance that are argued to militate against the finding of a relationship, regression analyses yield positive coefficients of the measures of credit union presence, with statistical significance in a number of cases.
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- William R. Emmons & Frank A. Schmid, 1999.
"Credit unions and the common bond,"
Federal Reserve Bank of St. Louis, issue Sep, pages 41-64.
- Robert Tokle & Joanne Tokle, 2000. "The Influence of Credit Union and Savings and Loan Competition on Bank Deposit Rates in Idaho and Montana," Review of Industrial Organization, Springer, vol. 17(4), pages 427-439, December.
- Calem, Paul S & Carlino, Gerald A, 1991.
"The Concentration/Conduct Relationship in Bank Deposit Markets,"
The Review of Economics and Statistics,
MIT Press, vol. 73(2), pages 268-76, May.
- Paul S. Calem & Gerald A. Carlino, 1989. "The concentration/conduct relationship in bank deposit markets," Working Papers 89-26, Federal Reserve Bank of Philadelphia.
- Robert M. Feinberg, 2001. "The Competitive Role Of Credit Unions In Small Local Financial Services Markets," The Review of Economics and Statistics, MIT Press, vol. 83(3), pages 560-563, August.
- Lawrence J. Radecki, 1998. "The expanding geographic reach of retail banking markets," Economic Policy Review, Federal Reserve Bank of New York, issue Jun, pages 15-34.
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