Why Choose a Credit Union? Determinants of Credit Union Deposits

13 Pages Posted: 17 Mar 2010

See all articles by Andreas Rauterkus

Andreas Rauterkus

University of Alabama at Birmingham

Zo Harivololona Ramamonjiarivelo

Governors State University; University of Alabama at Birmingham

Date Written: March 15, 2010

Abstract

This study examines the impact of credit union risk characteristics and macroeconomic events on deposits. Looking at a sample of credit unions from 2004-2008 we find that credit union depositors do not consistently punish credit union by deposit withdrawal for risky behavior. Furthermore, we find that credit union deposits increase in times of economic uncertainty. This indicates that there is a group of people that consider credit unions a safe haven during an economic crisis, which sheds a whole new light on the importance of these financial institutions.

Keywords: credit unions, deposits, economic recession

JEL Classification: G20, G21

Suggested Citation

Rauterkus, Andreas and Ramamonjiarivelo, Zo Harivololona, Why Choose a Credit Union? Determinants of Credit Union Deposits (March 15, 2010). Available at SSRN: https://ssrn.com/abstract=1571335 or http://dx.doi.org/10.2139/ssrn.1571335

Andreas Rauterkus (Contact Author)

University of Alabama at Birmingham ( email )

COLLAT School of Business
Birmingham, AL 35294
United States
205-934-8811 (Phone)

Zo Harivololona Ramamonjiarivelo

Governors State University ( email )

University Park, IL 60466
United States

University of Alabama at Birmingham ( email )

United States

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