The Structure and Growth of the Credit Union Industry in the United states: Meeting Challenges of the Market

• Published in: The American journal of economics and sociology Vol. 53; no. 2; pp. 219 - 243
• Main Authors: Kaushik, Surendra K., Lopez, Raymond H.
• Format: Journal Article
• Language: English
• Published: Oxford, UK Blackwell Publishing Ltd 01-04-1994; American Journal of Economics and Sociology; American Journal of Economics and Sociology, Inc
• Subjects: Banking industry; Banking sector; Credit co-operatives; Credit insurance; Credit unions; Deposit insurance; Deregulation; Diversification; Economic growth rate; Financial bonds; Growth; Industrial development; Industrial growth; Industrial market; Industrial unions; Industry (credit union); Industry profiles; National Credit Union Share Insurance Fund; Organization; Product differentiation; U.S.A; United States
• ISSN: 0002-9246; 1536-7150
• DOI: 10.1111/j.1536-7150.1994.tb02590.x

Credit Unions in the United States have grown significantly in recent years. This paper identifies and analyzes the unique characteristics of the credit union industry contributing to this growth. The consolidation of smaller institutions and product diversification among larger credit unions in the environment of financial deregulation in recent years has resulted in enhanced services for credit union members. The industry is expected to continue its growth in membership and assets relative to other depository intermediaries.