Credit unions, conversions, and capital

James A. Wilcox

FRBSF Economic Letter, 2007, issue jun22

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.

Keywords: Credit; unions (search for similar items in EconPapers)
Date: 2007
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