Britain's best kept secret? An analysis of the credit union as an alternative source of credit

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review

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Author(s)

  • Gerwyn LL. H. Griffiths
  • Geraint G. Howells

Detail(s)

Original languageEnglish
Pages (from-to)447-466
Journal / PublicationJournal of Consumer Policy
Volume13
Issue number4
Publication statusPublished - Dec 1990
Externally publishedYes

Abstract

At any time, the significance of a new device which facilitates saving and borrowing and encourages the prudent management of credit and debt is clear. Given the present credit market, in which certain categories of borrowers either cannot purchase credit or can only do so on disadvantageous terms, then the importance of such an alternative only increases. The credit union is such a device. It has an established and proven record of success in many countries but, outside of Northern Ireland, credit unions are in their infancy in the United Kingdom. This article examines the possibilities credit unions afford, against the background of the increasing problem of debt in the United Kingdom. We contend that credit unions can afford a partial solution to the debt problem, but that attention should also be placed on their limitations. © 1990 Kluwer Academic Publishers.

Citation Format(s)

Britain's best kept secret? An analysis of the credit union as an alternative source of credit. / Griffiths, Gerwyn LL. H.; Howells, Geraint G.

In: Journal of Consumer Policy, Vol. 13, No. 4, 12.1990, p. 447-466.

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review