Credit Unions Versus Banks: Preliminary Findings

8 Pages Posted: 14 Jun 2010

Date Written: June 14, 2010


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: or

David P. Bernstein (Contact Author)

Independent ( email )

No Address Available

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