The Resource Credit Unions and the Common Bond
Credit Unions and the Common Bond
Resource Information
The item Credit Unions and the Common Bond represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Bowdoin College Library.This item is available to borrow from 1 library branch.
Resource Information
The item Credit Unions and the Common Bond represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Bowdoin College Library.
This item is available to borrow from 1 library branch.
- Summary
- A distinguishing feature of credit unions is the legal requirement that members share a common bond. This organizing principle recently became the focus of national attention when the Supreme Court and the U.S. Congress took opposite sides in a controversy regarding the number of common bonds (fields of membership) that could coexist within a single credit union. In this article, a model of credit union formation and consolidation is developed and simulated to examine the effects of common-bond restrictions on the performance of credit unions. The performance measures are based on participation rates among potential members and the operating costs of credit unions. Using a semiparametric econometric model and a large dataset drawn from federally-chartered occupational credit unions in 1996, the authors find that, for a given number of potential members, credit unions with multiple-group charters have higher participation rates. They also find that, for a given number of members, the operating costs of multiple-group credit unions are higher. Average operating costs at large credit unions, however, decrease as the number of members increases. The authors also find that local deposit-market concentration is related to participation rates and operating costs of credit unions
- Note
- 1214
- Label
- Credit Unions and the Common Bond
- Title
- Credit Unions and the Common Bond
- Summary
- A distinguishing feature of credit unions is the legal requirement that members share a common bond. This organizing principle recently became the focus of national attention when the Supreme Court and the U.S. Congress took opposite sides in a controversy regarding the number of common bonds (fields of membership) that could coexist within a single credit union. In this article, a model of credit union formation and consolidation is developed and simulated to examine the effects of common-bond restrictions on the performance of credit unions. The performance measures are based on participation rates among potential members and the operating costs of credit unions. Using a semiparametric econometric model and a large dataset drawn from federally-chartered occupational credit unions in 1996, the authors find that, for a given number of potential members, credit unions with multiple-group charters have higher participation rates. They also find that, for a given number of members, the operating costs of multiple-group credit unions are higher. Average operating costs at large credit unions, however, decrease as the number of members increases. The authors also find that local deposit-market concentration is related to participation rates and operating costs of credit unions
- http://library.link/vocab/creatorName
-
- Emmons, William R
- Inter-university Consortium for Political and Social Research [distributor]
- http://library.link/vocab/relatedWorkOrContributorName
- Schmid, Frank A.
- Label
- Credit Unions and the Common Bond
- Note
- 1214
- Control code
- ICPSR01214.v1
- Governing access note
- Access restricted to subscribing institutions
- Label
- Credit Unions and the Common Bond
- Note
- 1214
- Control code
- ICPSR01214.v1
- Governing access note
- Access restricted to subscribing institutions
Embed
Settings
Select options that apply then copy and paste the RDF/HTML data fragment to include in your application
Embed this data in a secure (HTTPS) page:
Layout options:
Include data citation:
<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.bowdoin.edu/portal/Credit-Unions-and-the-Common-Bond/yCB9jX2icZ4/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.bowdoin.edu/portal/Credit-Unions-and-the-Common-Bond/yCB9jX2icZ4/">Credit Unions and the Common Bond</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.bowdoin.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="https://link.bowdoin.edu/">Bowdoin College Library</a></span></span></span></span></div>
Note: Adjust the width and height settings defined in the RDF/HTML code fragment to best match your requirements
Preview
Cite Data - Experimental
Data Citation of the Item Credit Unions and the Common Bond
Copy and paste the following RDF/HTML data fragment to cite this resource
<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.bowdoin.edu/portal/Credit-Unions-and-the-Common-Bond/yCB9jX2icZ4/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.bowdoin.edu/portal/Credit-Unions-and-the-Common-Bond/yCB9jX2icZ4/">Credit Unions and the Common Bond</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.bowdoin.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="https://link.bowdoin.edu/">Bowdoin College Library</a></span></span></span></span></div>