In Credit Union Costs and ConslidationsFilene Fellow James Wilcox answers the question “Is there significant empirical evidence that credit unions can reduce their costs by operating at a larger scale?”
Through independent research and innovation, the Filene Research Institute explores issues vital to the future of credit unions and consumer finance.
In Credit Union Costs and ConslidationsFilene Fellow James Wilcox answers the question “Is there significant empirical evidence that credit unions can reduce their costs by operating at a larger scale?”
categories » Collaboration, Risk Management, Small Credit Unions
Credit unions have many yardsticks against which to measure success, and one standard industry benchmark is financial performance against “high-performing” credit unions.
The challenge is that what exactly “high-performing” means can vary amid the wide variety of sizes and types of credit unions in the marketplace. How can a credit union measure success when industry averages simply aren’t useful as comparison?
categories » Performance Measures, Risk Management
Our new study, Cooperative Comebacks: Resilience in the Face of the Hurricane Katrina Catastrophe, examines how credit unions fared in the wake of the disaster. Author Mark Klinedinst, an economics professor at the University of Southern Mississippi, compares the experience of credit unions and banks in southern Mississippi and New Orleans at the aggregate and case study levels. Klinedinst argues that analyzing credit unions under this kind of duress may be useful in identifying cooperative strengths and weaknesses that are not apparent under normal circumstances.
categories » Human Resource Issues, Management, Risk Management