The Place of Common Bond: Can Credit Unions Make Place for Solidarity Economy?

2019 ◽  
Vol 110 (4) ◽  
pp. 1278-1299
Author(s):  
Marianna Pavlovskaya ◽  
Craig Borowiak ◽  
Maliha Safri ◽  
Stephen Healy ◽  
Robert Eletto
Keyword(s):  
Credit Unions ◽  
Solidarity Economy ◽  
Common Bond

Income structure, diversification strategy and owners’ benefit in cooperative financial institutions

2020 ◽  
Vol 16 (4) ◽  
pp. 481-500
Author(s):  
Hoang Van Cuong ◽  
Hiep Ngoc Luu ◽  
Loan Quynh Thi Nguyen ◽  
Vu Tuan Chu
Keyword(s):  
Financial Institutions ◽  
Credit Unions ◽  
Credit Union ◽  
Least Square ◽  
Policy Implications ◽  
Diversification Strategy ◽  
Income Diversification ◽  
Significant Drop ◽  
Content Type ◽  
Common Bond

PurposeThe purposes of this paper are twofold. First, it analyses the income structure in cooperative financial institutions and examines how traditional and non-traditional incomes are related. Second, it evaluates whether increasing diversification towards non-traditional incomes facilitates or hampers the benefits of financial cooperative owners.Design/methodology/approachData are collected from over 3,100 US credit unions over the period of 1994–2016. A number of modern econometric techniques are employed throughout the analysis, including the use of panel fixed effect, generalised method of moments (GMM) and two-stage least square (2SLS) methodologies.FindingsUsing US credit unions as the empirical setting, the empirical results reveal that the expansion of traditional income leads to a corresponding increase in income from non-traditional activities. However, an increasing reliance on non-traditional income causes a significant drop in interest margins. The authors also find that the extent to which income diversification affects owner benefit varies across credit union types and period of time. While income diversification negatively affects owners' benefits in single common bond credit unions, it has no significant influence on multiple common bond and community credit union owners' benefits. Third, diversification can be beneficial during crisis time, but can be detrimental to owner benefit during normal time.Originality/valueThis paper provides some of the first empirical investigations on the diversification strategy of cooperative financial institutions. Therefore, the results offer significant policy implications for policymakers and market participants on whether financial cooperatives should diversify or specialise.

AN EXAMINATION OF THE EFFICIENCY OF SINGLE VS. MULTIPLE COMMON BOND CREDIT UNIONS

2004 ◽  
pp. 253-263
Author(s):  
James D. Tripp ◽  
Peppi M. Kenny ◽  
Don T. Johnson
Keyword(s):  
Credit Unions ◽  
Common Bond

scholarly journals Credit Unions and the Common Bond

1999 ◽  
Vol 81 (5) ◽  
Author(s):  
William R. Emmons ◽  
Frank A. Schmid
Keyword(s):  
Credit Unions ◽  
Common Bond ◽  
The Common

The Effect of Common Bond on Credit Union Performance: The Case of Black-Controlled Credit Unions

1987 ◽  
Vol 15 (4) ◽  
pp. 89-98 ◽  
Author(s):  
Harold A. Black ◽  
Robert L. Schweitzer
Keyword(s):  
Economic Development ◽  
Financial Institutions ◽  
Credit Unions ◽  
Credit Union ◽  
Institutional Characteristics ◽  
Common Bond ◽  
Black Economic ◽  
Black Economic Development ◽  
Financial Characteristics ◽  
Unique Relationship

This article compares the financial characteristics of black-controlled credit unions by type of common bond. The study found that many of the operational differences of these credit unions can be attributed to institutional characteristics associated with the three distinct types of credit unions. It also found that black credit unions are viable financial institutions, regardless of type of common bond. This finding is linked to the ownership of credit unions by its membership. This unique relationship has implications for black economic development.

scholarly journals Credit Unions and the Common Bond

2000 ◽  
Author(s):  
William R. Emmons ◽  
Frank A. Schmid
Keyword(s):  
Credit Unions ◽  
Common Bond ◽  
The Common

scholarly journals Credit Unions and the Common Bond

2000 ◽  
Author(s):  
William R. Emmons ◽  
Frank A. Schmid
Keyword(s):  
Credit Unions ◽  
Common Bond ◽  
The Common

Multiple common bond credit unions and the allocation of benefits

1999 ◽  
Vol 23 (3) ◽  
pp. 235-245 ◽  
Author(s):  
Keith J. Leggett ◽  
Yvonne H. Stewart
Keyword(s):  
Credit Unions ◽  
Common Bond

Growth of Credit Unions

1963 ◽  
Vol 19 (4) ◽  
pp. 55-58
Author(s):  
Leslie B. Schwinn
Keyword(s):  
Credit Unions

STATE REGULATION OF THE FINANCIAL SERVICES MARKET IN UKRAINE

2018 ◽  
Vol 1 (11) ◽  
pp. 30-47
Author(s):  
Lyudmila Nikolayevna Akimova ◽  
Alla Vasilievna Lysachok
Keyword(s):  
Life Insurance ◽  
Financial Services ◽  
Credit Unions ◽  
State Regulation ◽  
The State ◽  
Existing Problems ◽  
Insurance Contracts ◽  
State Pension

The essence of such concepts is “financial service”, “financial ser- vices market”, and “participants of the financial services market”; determined the purpose of state regulation of the financial services market; forms of state regu- lation of the financial services market; financial services that are present in the financial services market; the structure of state regulation bodies of the financial services market in Ukraine is given; The role of state bodies in the regulation of the financial services market was studied; to characterize the regulatory le- gal regulation of the financial services market in Ukraine; the main problems of functioning of the domestic market of financial services are revealed; ways to solve existing problems. It is grounded that the state regulation of financial ser- vices markets consists in the state’s implementation of a set of measures aimed at regulating and overseeing financial services markets to protect the interests of financial services consumers and preventing crisis phenomena. It is concluded that the financial services market is an important element of the development of the economy as a whole, in particular, it concerns not only the state but also society. We must understand that when this market is settled, that is, all bodies that carry out state regulation are competent in their powers, only then will we make informed, effective decisions about the normal and effective functioning of the RFP. It is important that the data of the subjects of control do not overlap, their activities should be fixed at the legislative level. It is also worth bearing in mind that appropriate conditions must be created to create compensatory mecha- nisms in the financial services markets by developing a system for guarante- eing deposits and providing for payments under long-term life insurance contracts, non-state pension provisions, deposits with deposit accounts to credit unions, etс.

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