Credit Unions Versus Banks: Preliminary Findings

8 Pages Posted: 14 Jun 2010

Date Written: June 14, 2010

Abstract

Expanded use of credit unions would benefit savers, borrowers, insurance funds, taxpayers, and the financial system. Specific advantages created by the expanded use of credit unions include: higher interest rates to savers, lower interest rates to borrowers, less credit rationing during periods of financial turmoil, lower size-adjusted failure rates, lower insurance fund loss rates, and a reduction in too-big-to-fail incentives.

Keywords: credit unions, interest rates, too-big-to-fail, banking, credit rationing

JEL Classification: G00, G21

Suggested Citation

Bernstein, David P., Credit Unions Versus Banks: Preliminary Findings (June 14, 2010). Available at SSRN: https://ssrn.com/abstract=1624914 or http://dx.doi.org/10.2139/ssrn.1624914

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