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Credit unions in Great Britain: recent trends and current prospects

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Ward, Anne Marie, McKillop, Donal and Wilson, John (2011) Credit unions in Great Britain: recent trends and current prospects. Journal of Public Money and Management, 31 (1). pp. 35-42. [Journal article]

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DOI: 10.1080/09540962.2011.545545

Abstract

Against the current backdrop of deteriorating economic and financial conditions,the authors consider recent trends and current prospects for credit unions in GreatBritain. Although credit unions have experienced solid membership and assetgrowth, there are clouds on the horizon. Bad debts and loan arrears are on therise and may be linked to recent legislative amendments and the increasing use bygovernment of credit unions as a mechanism to achieve its financial inclusiongoals. Whatever the reason, the deterioration in the loan book needs to be quicklyaddressed, or it will ultimately result in either more government bailouts or astream of failing credit unions.

Item Type:Journal article
Keywords:Credit unions, regulation, growth, legislation
Faculties and Schools:Ulster Business School
Ulster Business School > Department of Accounting, Finance and Economics
Research Institutes and Groups:Business and Management Research Institute
ID Code:20078
Deposited By:Professor Anne-Marie Ward
Deposited On:01 Feb 2012 16:49
Last Modified:01 Feb 2012 16:49

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