ENTRY IN COMMERCIAL BANKING.

Credit unions in the U.S. are also considered financial intermediaries. In this article, a performance evaluation of credit unions was conducted. The criteria respect the unique organizational and institutional features of credit unions, without losing sight of the fact that they must compete with other financial intermediaries. Nonparametric, nonstochastic techniques were used to measure performance, and parametric stochastic techniques were used to attribute performance variation to features of credit unions and their operating environment. The sample consists of two-thirds of all active credit unions in 1990.