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Principal Investigator(s): Emmons, William R., Federal Reserve Bank of St. Louis; Schmid, Frank, Federal Reserve Bank of St. Louis
How do occupational credit unions set deposit rates? This article shows that the answer to this question depends on who actually makes business decisions in credit unions (who is in control), and whether local deposit market competition is important. It is not obvious who controls occupational credit unions. If the sponsor (the employer) is in control, then loans and deposits are priced to maximize the surplus received by all of the credit union's current and potential members (those eligible to join). If members are in control, then a group of members with a majority can maximize its own surplus. The group in control may include members whose primary purpose for joining the credit union is to borrow money or, alternatively, to lend money (make deposits). If local deposit-market competition is the dominant influence, then internal characteristics of the credit union won't matter at all. This study tests the sponsor-control, the member-control, and the market-control hypotheses against each other using a large sample of occupational credit unions observed in 1997. The results suggest that sponsors exercise effective control over occupational credit unions.
These data are flagged as replication datasets and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.
These data are freely available.
Emmons, William R., and Frank Schmid. Membership Structure and Occupational Credit Union Deposit Rates. ICPSR01237-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2001-06-02. doi:10.3886/ICPSR01237.v1
Persistent URL: http://doi.org/10.3886/ICPSR01237.v1
Scope of Study
Geographic Coverage: United States
Data Collection Notes:
The files submitted are the data files in 0101wed.zip and 0101wed.exe and the program files in 0101wep.zip and 0101wep.exe.
These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigators if further information is desired.
Original ICPSR Release: 2001-06-12
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