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Working Paper
The effect of the common bond and membership expansion on credit union risk
This paper examines differences in institutional risk profiles based on credit union membership type and membership expansion via ?select employee groups,? or SEGs, which are now expressly allowed by the Credit Union Membership Access Act of 1998. A cross-sectional statistical model is specified that examines risk variation relative to the type of common bond and the breadth of the credit union?s membership. In findings that are consistent with earlier research, the authors document that occupationally based credit unions have a unique risk profile relative to other common bonds. This profile ...