Conversion Resources

Our information library about credit union conversion.

• Comprehensive report on conversion by UC Berkeley Professor: Credit Union Conversions to Banks: Facts, Incentives, Issues and Reforms, by James A. Wilcox, Filene Institute, 2006. (1 mb .pdf file)
• Hilarious website comparing credit unions to banks: www.bankerspank.com
• Study indicating that credit unions that have converted offer worse rates: Credit Union to Mutual Conversion: Do Rates Diverge?, by Jeff Heinrich and Russ Kashian, University of Wisconsin Economics Department, 2006.
• Chart explaining the difference between the credit union and bank charters, by the National Center for Member Trust
• Here is a current comparison of credit union vs. bank rates in your state.
• Excellent, comprehensive report on credit union conversion: Protecting the Rights and Interests of Credit Union Members, by the American Association of Credit Union Leagues, August 2005.
• Brief summary of the conversion issue: Credit Unions, Conversions, and Capital, by James Wilcox, Federal Reserve Bank of San Francisco, 2007.
• Summary of Professor Wilcox's proposal for a fair method of conversion.
• This study summarizes the Parliamentary Group's key concerns and findings about insider enrichment at the expense of the members and the public, in Britain's recent large scale movement of non-profit financial institutions to for-profit charters: Windfalls or Shortfalls? The True Cost of Demutualization, by the All-Party Parliamentary Group for Building Societies and Financial Mutuals, 2006. (3 mb .pdf file)
• The primary credit union trade association's view on conversion: CUNA Principles Regarding Credit Union Conversions, by the Credit Union National Association.
• The National Center for Member Trust's Credit Union to Bank Conversion Principles.
• Funny video explaining the difference between credit unions and banks, by the spokesperson for Commonwealth Credit Union’s Young and Free campaign.