Which Credit Unions are Acquired?

John Goddard, Donal McKillop, John O.S. Wilson

Research output: Contribution to journalArticlepeer-review

27 Citations (Scopus)


Recent years have witnessed a wave of consolidation amongst US credit unions. Through hazard function estimations, this paper identifies the determinants of acquisition for credit unions during the period 2001-06. The hazard of acquisition is inversely related to both asset size and profitability, and positively related to liquidity. Growth-constrained credit unions are less attractive acquisition targets. Institutions with low capitalization and those with small loans portfolios relative to total assets are susceptible to acquisition. The investigation presents unique empirical evidence of a link between technological capability and the hazard of acquisition. During the period 2001-06, when there was sustained growth in the use of internet technology, credit unions with no website were at the highest risk of acquisition. © Springer Science + Business Media, LLC 2009.
Original languageEnglish
Pages (from-to)231-252
Number of pages22
JournalJournal of Financial Services Research
Issue number2-3
Publication statusPublished - Dec 2009


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