The government has been actively encouraging the development of credit unions to help the financially excluded. However, rather than stimulating credit union development, government grants can erode the community self-help ethos on which credit unions are founded. Policies should be formulated which encourage credit union development based on a membership drawn from a cross-section of the population.
ASJC Scopus subject areas
- Sociology and Political Science
- Public Administration
- Business, Management and Accounting(all)
Ward, A-M., McKillop, D., & Wilson, J. O. S. (2007). The Development of Credit Unions and their Role in Tackling Financial Exclusion. Public Money and Management, 27(1)(1), 37-44. https://doi.org/10.1111/j.1467-9302.2007.00553.x