Is There a Credit Union Difference? Comparing Canadian Credit Union and Bank Branch Locations
Bibliographic Data
| ID | 12969449 |
|---|---|
| Authors | John Maiorano (0000-0002-8953-9306, University of Toronto, corresponding author), Laurie Mook (0000-0001-5831-6866, Arizona State University), Jack Quarter (University of Toronto) |
| Year | 2017 |
| Volume | 7 |
| Issue | 2 |
| Publication date | 2017-01-25 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Canadian journal of nonprofit and social economy research (JOURNAL) |
| Journal identifiers | ISSN: 1920-9355 • E-ISSN: 1920-9355 |
| Publisher | University of Alberta Libraries (PUBLISHER) |
| DOI | 10.22230/cjnser.2016v7n2a236 |
| OpenAlex | W2585589725 |
| Language | EN |
| Citations received | 1 |
| References cited | 4 |
This study of credit union and bank branch locations and neighbourhoods in Canada seeks to discover if there is a distinct credit union niche. The study builds on an earlier paper of credit unions and banks in the US which found that credit unions in Wisconsin, Arizona and New Hampshire were more likely to be located in lower-income areas than bank branches (Mook, Maiorano & Quarter, 2015). In Canada, we find that credit union branches are over-represented in rural areas, and under-represented in large population centres relative to bank branches. Additionally, credit unions are overrepresented in middle income areas and underrepresented in high income areas compared to bank branches both at the national level and in all provinces where differences are statistically significant. Another significant finding is that while both credit unions and banks cater to marginalized communities, the type of marginalized communities they cater to distinguishes them. Making use of the Canadian Marginalization Index, we find credit union branches in Canada to be overrepresented in communities marginalized along the dimensions of Material Deprivation and Dependency, while bank branches are overrepresented in communities marginalized along the dimension of Residential Instability and Ethnic Concentration
Bank credit · Credit card interest · Credit history · Credit reference · Credit risk · Credit union · Demographic economics · Dimension (graph theory · Economics · Ethnic group · Financial system · Geography · Political science · Population · Quarter (Canadian coin · Sociology · Demography · Housing Market and Economics · Housing, Finance, and Neoliberalism · Urban, Neighborhood, and Segregation Studies · Finance
| Highly cited | No |
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