Jan 01 1995

Competition, Deregulation and the Fortunes of Credit Unions

Barron, West, and Hannan examine the competitive effect of commercial and savings banks, savings and loan associations, and money-market mutual funds on the credit union movement.

They look at evidence of competition between credit unions and other financial institutions, changes in the last twenty to thirty years that have eroded traditional boundaries between the various depository institutions, and the effects of competition from 1960 to 1990 at a system-level.

They also build a model of the system of depository institutions to investigate credit unions’ competitive interactions with other types of deposit institutions and the extent to which competition has intensified in the era of deregulation.

Report Number 12