We estimate a structural profit model for 956 matched pairs of US credit unions and commercial banks, using the results … to examine how the subsidies associated with credit unions' income tax exemptions and non-profit status are allocated … across various stakeholders. We find economically large profit inefficiencies at credit unions relative to banks—a little …

The aim of this paper is to find a dynamic framework of analysis of credit union movements by grouping credit unions … lends support to the recognition of the diversity of the credit unions' development. …

institutions (e.g., Credit Unions), this paper proposes a distress indicator of Merton Distance to default (Merton DD), which was … would occur. As a demonstration, we applied this model to forecast the financial distress of credit unions in Taiwan. The …