Consolidation in the US Credit Union Sector: Determinants of Failure and Acquisition

2008 ◽  
Author(s):  
John Goddard ◽  
Donal G. McKillop ◽  
John O.S. Wilson
Keyword(s):  
Credit Union ◽  
Union Sector ◽  
The Us

Economies of diversification in the US credit union sector

2017 ◽  
Vol 32 (7) ◽  
pp. 1329-1347 ◽  
Author(s):  
Emir Malikov ◽  
Shunan Zhao ◽  
Subal C. Kumbhakar
Keyword(s):  
Credit Union ◽  
Union Sector ◽  
The Us ◽  
Economies Of Diversification

The Performance of Member-Owned Businesses Since the Financial Crisis of 2008

2017 ◽  
Author(s):  
Johnston Birchall
Keyword(s):  
Financial Crisis ◽  
Credit Union ◽  
Union Sector ◽  
Economic Resilience ◽  
Industry Sector ◽  
Financial Crisis Of 2008 ◽  
The Uk ◽  
Building Societies

This chapter examines the performance of several types of member-owned businesses since the financial crisis. It summarizes evidence for three financial co-operative sectors (European co-operative banks, the worldwide credit union sector, and the UK building societies), finding that they have been less risky, more stable, and on a range of indicators more successful than conventional investor-owned banks. It then examines the performance of retail consumer co-operatives, insurance mutuals, retailer-owned wholesalers, and employee-owned businesses. The wider benefits of having a significant member-owned sector are then considered. The conclusion is that economic resilience cannot be taken for granted: it has to be competed for in each industry sector, and the results will vary depending on the extent to which, in each sector, they can realize the ‘co-operative advantage’.

The stakeholder-empowering philanthropy of Edward Filene

2019 ◽  
Vol 16 (5) ◽  
pp. 715-729 ◽  
Author(s):  
Keith Taylor ◽  
Nathan P. Goodman
Keyword(s):  
United States ◽  
Social Dilemmas ◽  
Credit Unions ◽  
Department Store ◽  
The United States ◽  
Credit Union ◽  
Institutional Framework ◽  
Technical Expertise ◽  
Union Sector ◽  
The Creation

AbstractCredit unions currently serve over 110 million members in the United States. This is surprising, given the challenges associated with forming cooperatives. This paper explains how grants were used to overcome these challenges and create the modern credit union sector. Edward Filene, a wealthy 20th-century department store owner, provided philanthropic funding and technical expertise to early credit unions, resulting directly in the creation of 26,000 American credit unions over a 45-year period. Filene's leadership helped overcome the various social dilemmas associated with creating cooperatives, reforming institutions, and establishing an institutional framework that enables and supports cooperatives.

scholarly journals The Lithuanian Credit Union Reform Evaluation

2020 ◽  
Vol 83 (1) ◽  
pp. 57-71
Author(s):  
Edita Jurkonytė ◽  
Mindaugas Vijūnas
Keyword(s):  
Essential Element ◽  
Credit Unions ◽  
Credit Union ◽  
Union Sector ◽  
The Law ◽  
The Impact

AbstractAmendments to the Law on Credit Unions in Lithuania, as an essential element of the restructuring of the Credit Union Sector, entered into force in 2018, therefore it is getting relevant to assess the impact of these changes on the whole Sector from the perspective of Credit Union experts.

Who Could We Blame? The Impact of Strategic Orientations on the Failure of Financial Institutions

2021 ◽  
pp. 2150011
Author(s):  
Xuan Vinh Vo ◽  
Tuan Quoc Le ◽  
Thi Lam Anh Nguyen ◽  
Hiep Ngoc Luu
Keyword(s):  
Financial Institutions ◽  
Failure Probability ◽  
Operating Experience ◽  
Credit Unions ◽  
Credit Union ◽  
Operational Strategies ◽  
Strategic Orientations ◽  
The Us ◽  
Interest Margins ◽  
The Impact

We evaluate the impact of strategic orientation on the failure probability of financial institutions. Using the US credit union industry as the empirical setting, we find that credit unions which exhibit preferential treatment to borrowers are more likely to fail, whereas those who set operational strategies towards balancing the benefits between savers and borrowers experience a lower failure probability. The impacts appear to be more pronounced in small credit unions and in credit unions which have a lower operating experience. We also find that borrower-oriented credit unions generate lower interest margins while neutral behavior credit unions generate higher margins.

The Corporate Demography of the US Credit Union Industry

2011 ◽  
Author(s):  
John Goddard ◽  
Donal G. McKillop ◽  
John O.S. Wilson
Keyword(s):  
Credit Union ◽  
The Us

Measuring the comparative performance of branches of a credit union for internal benchmarking

2017 ◽  
Vol 24 (6) ◽  
pp. 1663-1674 ◽  
Author(s):  
Seong-Jong Joo ◽  
Philipp A. Stoeberl ◽  
Kun Liao ◽  
Ke Ke
Keyword(s):  
Information Disclosure ◽  
Credit Union ◽  
Scale Efficiency ◽  
Data Envelopment ◽  
Union Sector ◽  
Comparative Performance ◽  
Cross Sectional ◽  
Content Type ◽  
The Usa ◽  
Internal Benchmarking

Purpose The purpose of this paper is to identify the efficiency scores of branches and districts, the sources of inefficiency for branches and projections of variables for inefficient branches. It measures the comparative performance of branches of a credit union for internal benchmarking. Design/methodology/approach The paper measures the performance of 35 branches of a credit union in the USA and suggests managerial insights. Data envelopment analysis is used for measuring the relative performance of the branches and districts of the credit union. The paper also compares performance differences among the districts using non-parametric statistical analyses. Findings Parts of the findings indicated that branches should focus on cost containment by reducing operating expenses and increasing their loan balances. In addition, districts were operated in different market conditions, which were evidenced by scale efficiency. The major contributions of the study are filling the void of benchmarking studies at a branch level in the credit union sector, suggesting a framework for internal benchmarking, and providing practical insights to managers of credit unions. The framework of this study can be applied to similar financial institutions with minor revisions. Research limitations/implications The limitation of this study is found in the use of cross-sectional data, which is mainly due to the sensitivity of information disclosure of the credit union. Practical implications The paper includes implications for the development of benchmarking studies at a branch level in the credit union sector. Originality/value This paper fulfills an identified need to study how to identify source of inefficiencies so as to further improve the efficiency of branches.

The Eleventh Circuit Holds that Agreements in which Pharmaceutical Companies Pay Generic Companies Not to Compete May be Valid

2004 ◽  
Vol 32 (1) ◽  
pp. 181-184
Author(s):  
Amy Garrigues
Keyword(s):  
Pharmaceutical Companies ◽  
Court Decisions ◽  
Patent Holder ◽  
Trial Court ◽  
Court Of Appeals ◽  
The Us ◽  
Antitrust Laws ◽  
Per Se ◽  
Appeals Court ◽  
Two Sides

On September 15, 2003, the US. Court of Appeals for the Eleventh Circuit held that agreements between pharmaceutical and generic companies not to compete are not per se unlawful if these agreements do not expand the existing exclusionary right of a patent. The Valley DrugCo.v.Geneva Pharmaceuticals decision emphasizes that the nature of a patent gives the patent holder exclusive rights, and if an agreement merely confirms that exclusivity, then it is not per se unlawful. With this holding, the appeals court reversed the decision of the trial court, which held that agreements under which competitors are paid to stay out of the market are per se violations of the antitrust laws. An examination of the Valley Drugtrial and appeals court decisions sheds light on the two sides of an emerging legal debate concerning the validity of pay-not-to-compete agreements, and more broadly, on the appropriate balance between the seemingly competing interests of patent and antitrust laws.

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