A Theoretic Framework for the Analysis of Credit Union Decision Making
构建了一个正式的理论框架，用于分析信用合作社在贷款和储蓄存款上的利率设定，考虑了其作为金融服务合作社的独特动机和制度特征，并揭示了组织对借贷和储蓄成员财务收益的偏好如何影响最优利率及对外部变化的反应。
ABSTRACT This paper presents a formal theoretic framework to analyze credit union interest rates on loans and savings deposits. The unique motivational and institutional features of a credit union, in particular its structure as a financial service cooperative, are used to develop the objective function. This is based on a comparison of the credit union's rates to alternatively available market rates and includes parameters to recognize the possibility of borrower‐saver conflict. The principal result is that the optimal rates and reactions to exogenous changes depend critically on the preference of the organization toward financial gain to the borrowing and saving members.