TY - JOUR
T1 - The future of credit unions in the United States
T2 - Evidence from quantitative extrapolations
AU - Nikolopoulos, Kostantinos
AU - Handrinos, Michael C.
PY - 2008/5
Y1 - 2008/5
N2 - Credit Unions (CUs) are financial co-operatives owned and controlled by their members; in the United States they operate both on state as well as on a national level and are in direct competition with retail high-street banks. In this study we use published data for six key financial figures from ten states in the US and present short to mid-term extrapolations. An Expert Forecasting Support System, selecting via a competition among classic extrapolative techniques, has been employed in order to prepare one-year as well as five-years ahead forecasts. The results surface significant statistical evidence of: (a) merging across CUs, and (b) blooming of all key financial figures.
AB - Credit Unions (CUs) are financial co-operatives owned and controlled by their members; in the United States they operate both on state as well as on a national level and are in direct competition with retail high-street banks. In this study we use published data for six key financial figures from ten states in the US and present short to mid-term extrapolations. An Expert Forecasting Support System, selecting via a competition among classic extrapolative techniques, has been employed in order to prepare one-year as well as five-years ahead forecasts. The results surface significant statistical evidence of: (a) merging across CUs, and (b) blooming of all key financial figures.
KW - Credit Unions
KW - Time series modelling
KW - Econometric models
UR - http://www.scopus.com/inward/record.url?scp=42449095876&partnerID=8YFLogxK
U2 - 10.1080/17446540701704349
DO - 10.1080/17446540701704349
M3 - Article
AN - SCOPUS:42449095876
SN - 1744-6546
VL - 4
SP - 177
EP - 182
JO - Applied Financial Economics Letters
JF - Applied Financial Economics Letters
IS - 3
ER -