Credit Union to Mutual Conversion: Do Rates Diverge?

Jeff Heinrich () and Russ Kashian
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Jeff Heinrich: Department of Economics, University of Wisconsin - Whitewater

Working Papers from UW-Whitewater, Department of Economics

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, or a converted credit union. We find that banks and converted credit unions have interest rates significantly less favorable for consumers than credit unions, suggesting that a credit union converting will result in adverse interest rate movements for its customers.

JEL-codes: G2 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2006-02
New Economics Papers: this item is included in nep-fin and nep-fmk
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