This is an interesting study by the Philadelphia Federal Reserve Bank on credit union's expansion of their market share. While credit union's have expanded, they still represent "a modest 7.1% of all assets and loans of depository institutions". The study also opines on the hot-button issue of credit union's tax exempt status, commenting that the benefit of this subsidy may be passed on to consumers in part through credit unions' more flexible auto loan terms.
No comments:
Post a Comment