The future of credit unions in the United States: Evidence from quantitative extrapolations

Kostantinos Nikolopoulos, Michael C. Handrinos

Research output: Contribution to journalArticlepeer-review

Abstract

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.

Original languageEnglish
Pages (from-to)177-182
Number of pages6
JournalApplied Financial Economics Letters
Volume4
Issue number3
DOIs
Publication statusPublished - May 2008

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