Credit Union Capital Insolvency and Mergers Before and After Share Insurance
From their beginnings in 1908, credit unions have differed from banks. One fundamental difference was that share accounts in credit unions, unlike bank deposits, were not debt. Credit unions could delay and discount payments. Thus, during the Great Depression, when thousands of banks failed, no cred...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Economic & Business History Society
2020-03-01
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| Series: | Essays in Economic and Business History |
| Online Access: | https://www.ebhsoc.org/journal/index.php/ebhs/article/view/20 |