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Despite the space occupied by Community-based Credit Union the (Ghanaian) economy, much attention is not given to the sector. This study sought to examine the impact of budget process on CCUs’ financial performance. Two major variables were considered: budgetary process and financial performance. A sample of 54 out of 70 CCUs were selected from registered credit unions with CUA. Descriptive and person colouration methods were adopted; primary and secondary data were also collected. The result revealed that budgetary controls had no significant association with total and net assets (p > 0.005). However, budget planning had a significant, moderate positive impact on the CCUs’ total assets in 2017 (R=0.409, p-values=0.034). The result suggested that budget planning, implementation, monitoring, and evaluation in particular are not statistically significant factors explaining the financial performance of Community-based credit union. This study recommended the implementation of flexible budgeting techniques to adapt to changing conditions.

Objective: To identify whether omnichannel consumption behavior is present in credit cooperatives, to verify how it differs from the omnichannel consumption behavior in Brazilian retail, and to analyze the strategic implications for channel integration.Methodology: The research used a case study with a theoretical, descriptive, and econometric approach based on 529 responses collected from July to September 2022 among the members of a credit cooperative.Relevance/originality:The study filled an essential gap in the current literature. Despite the growing relevance of credit cooperatives in Brazil, no studies were found focusing on omnichannel consumption behavior.Results: Our findings reveal that omnichannel consumption behavior is also present in credit cooperatives, and when the Omnichannel Consumers (OCC) are compared with the pattern of consumption in retail, the results differ significantly.Contributions: The results are significant for advancing the theory of omnichannel consumption behavior as they fill a gap in a specific and essential area of the Brazilian financial services sector. Given the nascent nature of academic research in credit cooperatives, demonstrating the differences in this behavior can expand further investigation. Furthermore, the findings can assist executives in the banking sector and other industries in better directing their channel integration strategies in Brazilian omnichannel consumption.

While Ostrom-inspired research has proven an important corrective to the simplistic “markets or government” dichotomy that continues to shape social and administrative sciences, this paper uses a case study to suggest that in some circumstances, our understanding of the commons could be enriched by giving more weight to the role governments can play in helping to constitute a human-made commons. In particular, this paper examines the case of a little-known deposit insurance scheme run by credit unions in the Canadian province of Saskatchewan that has operated without once incurring a deficit for 70 years despite offering the kind of unlimited deposit insurance frowned upon by policymakers. We find that the provincial government played an important role in constituting the scheme and helping it operate, effectively, as a polycentric commons that until recently, satisfied all the design principles that tend to characterize successful collective management. The resulting argument is simple: it would be difficult to understand the stability of Saskatchewan’s credit union deposit insurance scheme without also understanding how government supported its operation as a commons.

PurposeThe purpose of this paper is to identify the factors that affect the Canadian credit unions' financial performance which play an important role in providing financial services to the agriculture sector.Design/methodology/approachWe surveyed the literature to identify different performance metrics of credit unions and a set of possible factors that might affect their performance. We collected data related to different dependent and independent variables from financial statements and balance sheets of 189 credit unions and from general websites like Statistics Canada and Bank of Canada. Then, we imputed the missing data and developed fixed effect and random effect panel data regression models. First, we used return on asset as the main dependent variable. Afterwards, we used six performance metrics to check the robustness of our models.FindingsFrom an initial list of 16 possible factors that might affect the financial performance of a credit union, we were able to narrow the factors down to the nine most significant ones. It was observed that credit unions in the prairies were more likely to perform well financially as compared to other provinces. Membership size, the size of a credit union in terms of total assets, capital adequacy ratio, market penetration, diversification of income, inflation rate and provincial GDP and interest rates were significant. The cross-sectional analysis performed confirmed the findings of the fixed effect panel data models.Research limitations/implicationsThis study has a limitation concerning the number of years included into the time series analysis. Only ten years worth of data were available.Practical implicationsResults provide credit union management, service providers for credit unions and market analysts with a current understanding of how different internal and external factors might affect return on assets, return on equity, delinquency, cash ratio, efficiency ratio, asset growth and loan growth. Our models can be used to predict financial performance of credit unions based on the defined significant variables.Originality/valueAlthough there is a wide body of literature that studies performance of banks, not many studies focus on credit unions. Moreover, the existing studies are based on credit unions in United States or Europe, and literature on Canadian credit unions is scarce. The data collected covered 189 Canadian credit unions. To our knowledge this is the first study that looks at the various internal, external and regulatory factors together that affect the credit unions in various jurisdictions of Canada.

Using a unique dataset that includes each merger’s stated motivation, we explore the impact of credit union mergers of varying motivation and institutional size difference. We show that mergers motivated by financial distress lead to significantly more positive changes in earnings and capital ratios compared to mergers aimed at providing expanded services. We also document that target institution members reap most of the benefits in terms of abnormal savings and loan rate changes, although acquirers also benefit on average in distress driven mergers. Overall, our findings are consistent with the efficient management hypothesis and suggest acquirers subsequently utilize the assets of underperforming institutions more efficiently.

This article aims to describe the accountability practiced in credit unions. This study examines formal and informal practices and underlying approaches to accountability to members. Design/methodology/approach, namely with an ethnomethodological approach, this study explores accountability of Credit Union in Indonesia, through interviews and observations with practitioners, management, government, and credit union members, as well as documentation analysis. The results of the study found that Credit Union Sauan Sibarrung prioritizes accountability to members through the actualization of the vision and mission, which is manifested concretely in the preparation of programs (business plans) in the form of mindset transformation through Education and Training Programs, Savings and Loans Programs to increase the productivity and quality of life of members, Social and Economic Empowerment Programs to the fostered business groups and communities in a sustainable manner.