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Management models and priorities in member associations: is credit unions' community involvement crowded-out?

Ward, Anne Marie and Forker, John (2014) Management models and priorities in member associations: is credit unions' community involvement crowded-out? Nonprofit and Voluntary Sector Quarterly, 43 (2). 105S-123S. [Journal article]

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URL: http://nvs.sagepub.com/content/early/2013/09/11/0899764013502581.full.pdf+html

DOI: 10.1177/0899764013502581

Abstract

Credit unions are membership-based cooperative financial services organizations that are run by and for their members. Historically, credit unions provided financial services for their members and encouraged community development through philanthropy and volunteering. The World Council of Credit Unions (WOCCU), the sector’s global trade association and development agency, encourages the adoption of a management model, coined “new model,” which encourages for-profit financial management practices. The “new model” approach is challenged by some practitioners and academics concerned that it will diminish the community involvement of credit unions. We explore the following research question: “Does the implementation of a management model that promotes for-profit-style financial management crowd out the community impact of credit unions?” We use a dataset extracted from 2,275 annual returns for 188 credit unions spanning 1996-2008, and find no evidence that community impact diminishes as a result of “new model” operating practices, suggesting a crowding-out effect is absent.

Item Type:Journal article
Keywords:management models, credit unions, regulation, nonprofit, prudence
Faculties and Schools:Ulster Business School > Department of Accounting, Finance and Economics
Ulster Business School
Research Institutes and Groups:Business and Management Research Institute
ID Code:29903
Deposited By: Professor Anne-Marie Ward
Deposited On:19 Aug 2014 10:12
Last Modified:19 Aug 2014 10:12

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