From time to time, Filene Research Institute is asked to explore credit union public policy issues. This research report exposes a particularly contentious regulation that limits the addition of financially underserved areas to credit unions with multiple common-bond charters. Over 50% of all credit unions do not hold this specific charter, thereby limiting the ability of a majority of credit unions to serve underserved consumers.
What is the research about?
Filene enlisted the expertise of William E. Jackson III, PhD, a professor at the University of Alabama and an authority on financial institution policy, to determine the efficacy of this particular regulation. The following report is Dr. Jackson’s analysis and commentary on this topic.
What are the credit union implications?
Unlike other reports produced by the Filene Research Institute, this document does not offer many managerial implications or strategic discussions. This report simply asks, is this regulation good public policy?