Beginning in 2011, credit unions in the United States have been required to report in their quarterly call reports their holdings of private student loans. Since this time, private student loans have been the fastest growing loan product among credit unions. The empirical results here indicate...

In recent years, credit unions have increasingly purchased loan-participation agreements in order to diversify their loan portfolios and manage loan growth. Responding to high charge-off rates for these loans and concern for systemic risk, the National Credit Union Administration imposed in 2013...

According to the classical liberal belief, trade, which economically benefits countries, creates ties binding the interests of countries and reduces conflict. While the vast majority of the empirical literature supports this view, recent research questions these findings by also considering the...

Each year, since 1998, Fortune magazine has published a list of firms deemed the “100 Best Companies to Work for in America” based on their superior employer-employee relations. This relationship represents an intangible asset that may significantly influence future firm performance. We...

The recent financial crisis and economic recession has shown that bank failure in the United States, while rare is a concern during uncertain times. Understanding the magnitude of banks at risk early in a crisis is a key challenge faced by policymakers. Early warning models are quite accurate at...

The Great Financial Crisis shows that bank failure in the United States, while rare, is a concern during uncertain times. Our interest is in the ability to predict future failures at the start of a crisis, when the recent past has few events on which to base our inferences. We show that...

Management quality is known to influence depository institution performance, but less understood are the characteristics of managers that influence performance. We empirically examine how the political ideology of a credit union’s CEO influenced decision making and performance during the...