Bauer, Keldon J.; Miles, Linda L.; Nishikawa, Takeshi - In: Journal of Banking & Finance 33 (2009) 12, pp. 2267-2274
The motivation for mergers in the credit union industry differs from the commercial bank industry due to the lack of residual claimants to benefit from wealth gains. In the cooperative ownership environment of credit unions, the owners/members gain utility via the rates offered for loans and...