The Credit Crunch – Are credit unions able to ride out the storm?

Ryder, Nicholas; Chambers, Clare

doi:10.1057/jbr.2009.14

Cited by 8 publications

(5 citation statements)

References 13 publications

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“…Additionally, cooperatives work and support local economic development, since they finance small‐scale producers and farmers. Finally, they are committed to community development through investment in philanthropic projects and charities and have a self‐help focus (Ryder and Chambers ; Benedikter ).…”

Section: The Interaction Between Financial Cooperatives and Commerciamentioning

confidence: 99%

Are Financial Cooperatives Crowded out by Commercial Banks in the Process of Financial Sector Development?

Périlleux¹,

Vanroose²,

D’Espallier³

2016

Kyklos

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Summary This paper investigates whether financial cooperatives are crowded out by commercial banks in the process of financial sector development. We use a self‐constructed database based on World Council of Credit Unions data for the years 1990‐2011 of cooperatives in 55 developing countries. Our empirical results are threefold. First, financial cooperatives tend to reach more members in countries where the commercial banking sector is weak. This validates their role as a banking market failure solution. Second, in the process of commercial bank expansion, financial cooperatives run the risk of being crowded out. Third, the relationship is actually complex, since financial cooperatives seem to benefit from some kind of bank presence, especially as far as savings mobilization is concerned.

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Section: The Interaction Between Financial Cooperatives and Commerciamentioning

confidence: 99%

Are Financial Cooperatives Crowded out by Commercial Banks in the Process of Financial Sector Development?

Périlleux¹,

Vanroose²,

D’Espallier³

2016

Kyklos

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“…A credit union is a member-owned financial cooperative (Ryder, Chambers, 2009), democratically controlled by its members, and operating for the purpose of promoting thrift, providing credits at competitive rates, and providing other financial services to its members. Members join according to certain general criteria and manage a credit union democratically, in accordance with the existing law.…”

Section: Cooperatives In Lithuaniamentioning

confidence: 99%

The Main Obstacles and Possibilities of the Cooperative Movement in Lithuania

Ramanauskas

Stašys

Contò

2017

Management of Organizations: Systematic Research

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The article analyses the obstacles of the cooperative movement in Lithuania and proposes new insights for the development of their activities. Analysis was based on and carried out using the Delphi survey methodological approach. The experience of a transnational Association of Producers Organisation "First International Association Fruit" was investigated as a relevant example. Suggestions for the development of Lithuanian cooperatives were worked out. Keywords: globalisation, cooperatives, development, Association of Producer Organisation.Straipsnyje analizuojamos pagrindinės Lietuvos kooperatyvų vystymosi kliūtys, siūlomos naujos jų veiklos plėtros perspektyvos. Analizė buvo atliekama taikant Delfi tyrimo metodologinį požiūrį. Tyrinėjama tarptautinės gamintojų organizacijų asociacijos First International Association Fruit veiklos patirtis. Parengti Lietuvos kooperatyvų plėtros pasiūlymai.

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“…Reikšmingus tyrimus kredito unijų vystymosi klausimais yra atlikę užsienio mokslininkai (Di Salvo, 2003;McKillop, et al, 2006;McKillop, et al, 2007;McKillop, 2012;Ryder, et al 2009;Goddard, et al 2010;Dennis, 2006). Šie autoriai akcentavo kooperatinių bankų sistemų valdymo klausimus Europoje, pristatė kredito unijų teisinius, struktūrinius plėtros aspektus ir jų valdymą, pabrėžė kredito unijų vaidmenį kovojant su finansine atskirtimi.…”

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Activity evaluation of Lithuania credit unions

Kiyak

Paulionienė

2014

BATP

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The bank of Lithuania in its supervisory functions evaluates how credit unions carries out the prudential norms (capital adequacy, liquidity, maximum open position in foreign currency, the maximum loan amount per borrower, large loan requirements), examine the overall financial condition of the credit union, is watching whether the credit union's activities comply with laws, regulations, statutes and internal union document requirements. However, the steady growth of the credit union's capital, loan number and size of credit unions operating regulations limiting still does not measure the credit union's business risk profile and operational efficiency, protect against failures, errors or loss. The analysis of scientific literature also shows that there is no unanimous and undisputed methodology for enterprises performance evaluation. Moreover, there is no company's evaluation models adapted to specifically interested persons group and one to of the financial institutions, i.e. credit unions. Therefore, performance evaluation of credit union and prediction research of their financial parameters in this area is valuable, relevant and new, in both theoretical and practical terms. The aim - to perform Lithuanian credit unions comparative performance evaluation. The scientific literature suggests that credit unions' assessment can be carried out both traditional (dynamics, structure, relative indicators, business continuity) and the innovative modern methods. It should be emphasized that the evaluation of the activities is individual for each business enterprise, because it depends on many factors, such as: object of assessment, the assessment purpose; the assessment period; assessment of the required information and the availability of data, the evaluation period, the users of evaluation results and other. It should be noted that the main users of credit unions performance assessment results are the owners (partners), creditors and future owners and lenders and borrowers. According to the Securities stock exchange NASDAQ OMX Vilnius (2010) proposed financial ratios calculation methodology were calculated and compared 76 credit unions operating in Lithuania profitability, efficiency, and financial leverage ratios. By using linear and exponential trend methodology analysed the mean trends of Lithuanian credit unions key performance indicators. It should be noted that setup of complex financial indicators, tailored specifically to the financial institution with the opportunity to compare it with other relevant authorities of the credit unions' assessment and performance expected.

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The Credit Crunch – Are credit unions able to ride out the storm?

Abstract: Credit unions are financial co-operatives that conduct their business for their members.

Cited by 8 publications

References 13 publications

Are Financial Cooperatives Crowded out by Commercial Banks in the Process of Financial Sector Development?

Are Financial Cooperatives Crowded out by Commercial Banks in the Process of Financial Sector Development?

The Main Obstacles and Possibilities of the Cooperative Movement in Lithuania

Activity evaluation of Lithuania credit unions

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