EconPapers    
Economics at your fingertips  
 

Credit Union to Mutual Conversion: Do Rates Diverge?

Jeff Heinrich () and Russ D. Kashian
Additional contact information
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)
New Economics Papers: this item is included in nep-fin and nep-fmk
Date: 2006-02
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.uww.edu/documents/colleges/cobe/economics/wpapers/06_01_Hein_Kash.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:uww:wpaper:06-01

Access Statistics for this paper

More papers in Working Papers from UW-Whitewater, Department of Economics
Contact information at EDIRC.
Series data maintained by Yamin Ahmad ().

 
Page updated 2014-05-30
Handle: RePEc:uww:wpaper:06-01