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The future of credit unions in the United States: evidence from quantitative extrapolations

Konstantinos Nikolopoulos () and Michael Handrinos

Applied Financial Economics Letters, 2008, vol. 4, issue 3, 177-182

Abstract: Credit Unions (CUs) are financial co-operatives owned and controlled by their members; in the United States they operate both on state as well as on a national level and are in direct competition with retail high-street banks. In this study we use published data for six key financial figures from ten states in the US and present short to mid-term extrapolations. An Expert Forecasting Support System, selecting via a competition among classic extrapolative techniques, has been employed in order to prepare one-year as well as five-years ahead forecasts. The results surface significant statistical evidence of: (a) merging across CUs, and (b) blooming of all key financial figures.

Date: 2008
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Handle: RePEc:taf:apfelt:v:4:y:2008:i:3:p:177-182