Emmons, William R.; Schmid, Frank A. - Federal Reserve Bank of St. Louis - 2004
-sized businesses" (Nanni, 1998, p. 193). This focus on the availability of small-business
credit means that credit unions, which serve … consumer surplus when doing business with a bank amounts to
2
()/
b
pα β− , with the superscript b indicating banks … household ownership of deposits (i.e.,
business and household deposits).
2
Credit unions are exempt from federal income taxes …