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The Pattern of Subsidisation and Assistance Received by Credit Unions in Northern Ireland

Ward, Ann-Marie and McKillop, Donal G. (2006) The Pattern of Subsidisation and Assistance Received by Credit Unions in Northern Ireland. Journal for Public and Nonprofit Services, 34 . pp. 89-100. [Journal article]

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Credit unions are regarded as financial service entities that operate within communities and are run by those communities. Logically then it would seem that much assistance and subsidisation is likely to be received from the community. Yet, most prior studies that evaluate the performance or efficiency of credit unions focus on the recorded costs. This paper uses a survey methodology to provide some insight into the pattern, extent and type of assistance received by credit unions in the most successful region of the United Kingdom (UK), Northern Ireland (NI). The results find material amounts of subsidisation within credit unions in NI, in particular, volunteer time contributed by members. The level of subsidisation varies, with small credit unions more dependent on assistance, than large. Given this finding the authors suggest that an accurate evaluation of credit union performance, or efficiency, should take subsidisation into account, otherwise the results will be biased.

Item Type:Journal article
Keywords:Credit Unions Volunteerism Subsidisation
Faculties and Schools:Ulster Business School
Ulster Business School > Department of Accounting, Finance and Economics
Research Institutes and Groups:Business and Management Research Institute
ID Code:9865
Deposited By: Professor Anne-Marie Ward
Deposited On:28 Jan 2010 15:16
Last Modified:13 May 2011 08:29

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