Determinants of recent structural change for small asset U.S. credit unions

Gregory McKee and Albert Kagan ()
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Albert Kagan: Concordia College

Review of Quantitative Finance and Accounting, 2016, vol. 47, issue 3, No 12, 775-795

Abstract: Abstract Credit union numbers in the United States have declined since 1969. Changes in financial performance of U.S. credit unions have contributed to this decline. This paper discusses how small asset credit unions income, deposits, and loans have evolved during the period 1994–2011, with particular emphasis on 2008–2011. The effect of asset growth on credit unions with below $10 million in assets is distinct when compared with average asset sized U.S. credit unions . These credit unions face structural barriers to increase assets and will require unique managerial responses to macroeconomic changes in order to continue to provide member focused financial services profitably.

Keywords: Credit union; Panel data; Financial performance; Small business; Cooperatives (search for similar items in EconPapers)
JEL-codes: G2 L1 L3 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (7)

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DOI: 10.1007/s11156-015-0520-6

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