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Credit unions, conversions, and capital

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  • James A. Wilcox

Abstract

While credit unions have been able to convert their charters more easily since the late 1990s, two conversions of very large credit unions--over $1 billion in assets each--in 2006 have put the issue on the front burner for the industry. ; This Economic Letter outlines some costs and benefits to their member-owners of credit unions' converting to stock thrifts and describes one way to reform the process in order to spread the benefits of conversion more broadly to credit union members.

Suggested Citation

  • James A. Wilcox, 2007. "Credit unions, conversions, and capital," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue jun22.
  • Handle: RePEc:fip:fedfel:y:2007:i:jun22:n:2007-16
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    References listed on IDEAS

    as
    1. Fabio R. Chaddad & Michael L. Cook, 2004. "The Economics of Organization Structure Changes: a US perspective on demutualization," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 75(4), pages 575-594, December.
    2. Haluk Unal, 1997. "Regulatory Misconceptions in Pricing Thrift Conversions: A Closer Look at the Appraisal Process," Journal of Financial Services Research, Springer;Western Finance Association, vol. 11(3), pages 239-254, June.
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    Keywords

    Credit unions;

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