Evaluating the performance of US credit unions
نویسنده
چکیده
Credit unions are small, cooperative, not-for-profit institutions, which distinguishes them from other financial intermediaries. In this study we conduct a performance evaluation of credit unions. The criteria respect the unique organizational and institutional features of credit unions, without losing sight of the fact that they must compete with other financial intermediaries. We use nonparametric, nonstochastic techniques to measure performance, and we use parametric, stochastic techniques to attribute performance variation to features of credit unions and their operating environment. Our sample consists of two-thirds of all active credit unions in 1990.
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