Multiple common bond credit unions and the allocation of benefits |
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Authors: | Keith J Leggett Yvonne H Stewart |
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Institution: | (1) George Mason University and Johns Hopkins University, USA;(2) Calloway School of Business and Accountancy, Wake Forest University, Reynolda Station, P.O. Box 7285, 27109-7285 Winston-Salem, NC |
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Abstract: | Credit unions are cooperatively owned financial institutions, where input suppliers (savers) are also the consumers of the
outputs (borrowers). A key issue is the allocation of benefits between savers and borrowers. Additionally, credit unions can
add unrelated groups to their membership. If the orientation of unrelated groups differs from the core group, the allocation
of benefits could be altered. Empirical evidence suggests that both single and multiple bond federal credit unions are saver
oriented. Single bond credit unions have a stronger saver orientation than multiple bond credit unions. The study provides
mixed evidence on the existence of a clientele effect. |
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Keywords: | |
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