Keywords: Competition, banks, credit unions
Abstract: Because of the increasing significance of credit unions as potential competitors for consumer deposits,
this paper examines the impact of the market presence of credit unions, variously measured, on the rates
for three different types of consumer deposits offered by banks and thrift institutions. In contrast to
previous studies, the sample employed covers the nation as a whole, incorporates all large urban areas,
and employs survey data on deposit rates for a substantially larger number of institutions than previously
employed. Despite circumstance that are argued to militate against the finding of a relationship,
regression analyses yield positive coefficients of the measures of credit union presence, with statistical
significance in a number of cases.
Full paper (51 KB PDF)
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Last update: February 27, 2003