Discussion on the Necessity of the Existence of Credit Unions

• Main Authors: Yueh-hui Chien, 簡月惠
• Other Authors: Yi-Kun Lee
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/55933984250090221890

碩士 === 銘傳大學 === 財務金融學系碩士在職專班 === 102 === The domestic cooperative financial system was introduced from Germany by Japan. After the recovery, the domestic cooperative financial positioning was intolerant, unable to cope with the financial liberalization and changing situation of globalization, and cooperative financial system gradually declined. Since our country have promoted liberalization and globalization and opened the establishment of financial holding companies domestically, a large number of foreign financial institutions came to operate in Taiwan with more finance department operations to enhance operating synergies. Thus, it still remains a question of whether domestic financial system should learn from Germany, Netherland and Japan to position cooperative finance as cooperative financial holding companies and adopt group-type operation in response to the intense competition, thus thoroughly remolding the financial industries and making a new start. The study intended to discuss cooperative finance theory foundation and then conduct theory practice observation with scientific methods to further determine the facts by philosophical approach including analysis study, information collection and conclusion analysis. Past events were studied and ramifications were analyzed. The whole situation was taken as the basis for setting the future direction of our cooperative financial system. Scope of research might include “development and positioning of cooperative financial system”, “development and problems of our financial system” and “positioning and solution of our financial system”. This paper thought that the fundamental way is to consider the Germany and National Agricultural Treasury established currently in the German DZ Bank way, merging the credit unions (with credit treasury or national bank type) and Credit Department of Agriculture and Fisheries. This could result in huge size, high complementarity as well as significant improvement of competitiveness. Therefore, cooperative financial institutions become cooperative financial holding companies group, enhance competitiveness and enter foreign financial markets under the strong leadership of the cooperative financial holding companies. The successful experience of German DZ BANK cooperative financial holdings group can be served as reference.