Measuring economic and social impacts of membership in a community development financial institution

Journal of Family and Economic Issues

Volumn 27, Issue 1, 2006, Pages 27-47

  Kolodinsky, Jane ^a   Stewart, Caryl ^b,c   Bullard, Antonia ^b  

^a UNIVERSITY OF VERMONT   (United States)

^b Vermont Development Initiatives   (United States)

^c Vermont Development Initiatives   (United States)

Author keywords

Banking; CDFI; Finance; Low income; Social capital

Indexed keywords

EID: 33744806642     PISSN: 10580476     EISSN: None     Source Type: Journal    
DOI: 10.1007/s10834-005-9002-7     Document Type: Conference Paper

References (56)

1. Barr, M. (2004). Banking the poor. Yale Journal on Regulation, 21(1), 121-237.
2. Barthelman, A., Breckinridge, L., Nutt, R., & Hendrie, J. (2000). 1999 Report on wages and benefits in Maine's non-profit organizations. Portland, ME: The Maine Association of Non-Profits.
3. Ben-Ner, A., & Hoomissen, T.Van (1992). An empirical investigation of the joint determination of the size of for-profit, nonprofit and government sectors. Annals of Public and Cooperative Economics, 63(3), 392-415.
4. Beverly, S., McBride, A., & Schreiner, M. (2003). A framework of asset-accumulation stages and strategies. Journal of Family and Economic Issues, 24(2), 143-156.
5. Boshara, R., Freidman, R., & Anderson, B. (1997). Realizing the promise of micro-enterprise development in welfare reform. Washington, DC: Corporation for Enterprise Development Report.
6. Campden, J. (1998). Neighborhoods, banks, and capital flows: The transformation of the U.S. financial system and the community reinvestment movement. Review of Radical Political Economics, 30(4), 29-59.
7. Carr, J., & Copp, L. (1991). Higher education, health care and the Chittenden County economy: A report on the economic impact of educational and health spending in the Chittenden County economy. Burlington, VT: Greater Burlington Industrial Corporation and the Lake Champlain Regional Chamber of Commerce.
8. Clark, P., & Huston, T. (1993). Assisting the smallest businesses: Assessing microenterprise development as a strategy for boosting poor communities. Washington, DC: The Aspen Institute.
9. Cragg, (1971), Some statistical models for limited dependent variables with application to the durable goods. Econometrica, 39(3), 829-844.
10. Deacon, R., & Firebaugh, F. (1981), Family resource management; Principles and applications. Boston, MA: Allyn and Bacon.
11. DeVaney, S. (1994). The usefulness of financial ratios as predictors of household insolvency: Two perspectives. Financial Counseling and Planning, 5, 15-24.
12. Dewees, S., & Salamon, L., (2001). West Virginia nonprofit employment (Center for Civil Society, Institute for Policy Studies No. 2). Baltimore, MD: John Hopkins University Press.
13. Drucker, P. (1990). Managing the non-profit organization; Practices and principles. New York, NY: Harper Collins.
14. Emerson, J., Wachowicz, J., & Chun, S. (2000). Social return on investment: Exploring aspects of value creation in the nonprofit sector. In REDF Box Set. Vol. 2; Investor Perspectives. San Francisco, CA: REDF Publications.
15. Fin, T., & Schmidt, P. (1984). A test of the Tobit Specification against an alternative suggested by Cragg. Review of Economics and Statistics, 66, 174-177.
16. Freedman, P. (2003). What makes a solution? Lessons and findings from solutions for America. Retrieved October 25, 2005, from the Pew Partnership for Civic Change Web site: http://www.pew-partnership.org/pdf/what_makes_a_solution. pdf.
17. Frumkin, P. (2001). Are non-profit CEOs overpaid? Public Interest, 142, 83-94.
18. Garcia, I., & Marcuello, C. (2001). Family model of contributions to non-profit organizations and labor supply. Applied Economics, 34, 259-265.
19. Gassier (1998). Altruism and the economics of non-profit organizations. Financial Accountability and Management in Government, Public Services, and Charities, 14(3), 173-182.
20. Grable, J., & Joo, S. H. (1999). Financial help-seeking behavior: Theory and implications. Financial Counseling and Planning, 70(1), 13-24.
21. Greene, W. (1995). Econometric analysis. (3rd ed.). Upper Saddle River, NJ: Prentice Hall.
22. Gronbjerg, K., & Paarlberg, L. (2001). Community variations in the size and scope of the non-profit sector: Theory and preliminary findings. Non-Profit and Voluntary Sector Quarterly, 30(4), 684-706.
23. Gui, B. (1991). The economic rationale for the third sector: Nonprofit and other non-capitalist organizations. Annals of Public and Cooperative Economics, 62(4), 551-572.
24. Hammack, D. (1998). Making the non-profit sector in the United States: A reader, Bloomington, Indiana: Indiana University Press.
25. Heenan, D., & McLaughlin, R. (2002). Re-assessing the role of credit unions in community development: A case study of Derry Credit Union, Northern Ireland, Community Development Journal, 37(3), 249-259.
26. Hira, T., & Mugenda, O. (1998). Predictors of financial satisfaction: Differences between retirees and non-retirees. Financial Counseling and Planning, 9(2), 75-83.
27. Hira, T. K., & Mugenda, O. (1999). The relationships between self-worth and financial beliefs, behavior, and satisfaction. Journal of Family and Consumer Sciences, 97(4), 76-82.
28. Joo, S. H., & Grable, J. (2004). An explanatory framework of the determinants of financial satisfaction. Journal of Family Economic Issues, 25(1), 25-50.
29. Katz, D., & Kahn, R. (1966). The social psychology of organizations. New York, NY: John Wiley & Sons.
30. Kolodinsky, J., & Holmberg, S. (2002). Measuring the impact of asset development programs [Abstract]. Consumer Interests Annual, 48.
31. Lawrence, F., Carter, C., & Verma, S. (1987). Financial satisfaction in relation to financial management. Denver, CO: American Council on Consumer Interests.
32. Lipson, B. (1999). Technical assistance memo: Developing methods for measuring impact. Philadelphia, PA: National Community Capital Association.
33. Office of Thrift Supervision (1998). Individual development accounts (IDAs): Strategy for asset accumulation. Washington, DC: Melissa L. Bradley.
34. O'Neill, B., Bristow, B., & Brennan, P. (1999). Changing financial behavior: Implications for family and consumer science professionals. Journal of Family and Consumer Sciences, 97(4), 43-48.
35. Prochaska-Cue, K. (1993). An explanatory study for a model of personal financial management style. Financial Counseling and Planning, 4, 111-134.
36. Putnam, R. (2000). Bowling alone: The collapse and revival of American community. New York, NY: Simon & Schuster.
37. Ralston, D., & Beal, D. (1999). Credit unions: Filling finance gaps in rural communities, Economic Analysis and Policy, 29(2), 173-186.
38. Rettig, K., & Schultz, C. (1991). Cognitive style preferences and financial management. Financial Counseling and Planning, 2, 25-54.
39. Rice, A., & Tucker, S. (1986). Family life management. (6th ed.). New York, NY: Macmillan Publishing Company.
40. Rossi, P., & Freeman, H. (1993). Evaluation: A systemic approach. (5th ed.). Newbury Park, CA: Sage Publications, Inc.
41. Salamon, L. (1999). America's non-profit sector: A primer. New York, NY: The Foundation Center.
42. Sawhill, J. (1999). Social Enterprise Series No.10: Mission impossible? Measuring success in Nonprofit Organizations. Harvard Business School Working Paper Series, No.99-097.
43. Schorr, L. (1997). Common purpose: Strengthening families and neighborhoods to rebuild America. New York, NY: Anchor Books.
44. Servon, L. (1998). Credit and social capital: The community development potential of the U.S. micro-enterprise. Housing Policy Debate, 9(1), 115-149.
45. Servon, L. (1999). Bootstrap capital: Micro-enterprises and the American poor. Washington, DC: The Brookings Institute.
46. Servon, L., & Doshna, J. (1999). Making microenterprise development a part of the economic development toolkit. Washington, DC: U.S. Department of Commerce, Economic Development Administration.
47. Sherraden, M., Johnson, L., Clancy, M., Beverly, S., Schreiner, M., & Min, Z. (2000), Saving patterns in IDA programs. St. Louis, MI: Washington University, George Warren Brown School of Social Work, Center for Social Development.
48. Shore Bank Corporation. (2002). Shore Bank annual report. Retrieved July 14, 2003, from http://www.shorebankcorp.com/main/2002AnnualReport/timezone.html.
49. US Census Bureau. (2000). U.S. census 2000. Retrieved August 30, 2003, from http://factfinder.census.gov.
50. US Department of Treasury. (2003). CDFI fund innovator (6). Retrieved June 13, 2003, from http://www.cdfifund.gov.
51. Vermaak, N. (2001). Rural financial schemes' contribution to community development. Community Development Journal, 36(1), 42-52.
52. Weisbrod, B. (1988). The non-profit economy. Cambridge, MA: Harvard University Press.
53. Wollebaek, D., & Selle, P. (2002). Does participation in voluntary associations contribute to social capital? The impact of intensity, scope and type. Non-Profit and Voluntary Sector Quarterly, 31(1), 32-61.
54. Woodstock Institute. (1998). The impact of CDFIs on community economic development. Working paper, Woodstock Institute.
55. Xiao, J. (1996). Effects of family income and life cycle stages on financial asset ownership. Financial Counseling and Planning, 7, 21-30.
56. Zikmund, W. G. (2003). Exploring marketing research. (8th ed.). Mason, OH: Southwestern.