Correlation of the Attributes of the New Credit Union Development Model in Bangladesh


  • Liton H. Gomes The Graduate School, University of Santo Tomas, Espana St. Manila
  • Ma. Socorro P. Calara


business management performance, business environment performance, transformation, new credit union development model, new credit union paradigm.


This transformational study is the first investigative scientific research that supports and encourages credit unions (CUs) in Bangladesh to adopt a New Credit Union Development Model (NCUDM).  Aimed to determine the relationship, effect of business management performance (BMP) and business environment performance (BEP) of NCUDM, this study employed researcher-made questionnaires of 66 items with 10 sections to gather needed data from 450 stakeholders in the Cooperative Credit Union League of Bangladesh Limited. It also employed focus group discussions (FGDs), and in-depth interviews and expert panels. Its secondary data covered the period 2007 to 2014. Pearson correlation coefficient statistics was computed to assess the relationship and strength of a linear association between the variables of BMP and BEP. Structural Equation Modeling (SEM) was utilized to posit better estimates of the effect of BMP on BEP. Coefficient of correlation (r) results show nine important NCUDM variables that are significantly related (p<.01) and twelve components that are important to CUs in Bangladesh that are significantly related (p<.01, p<.05).  SEM output model shows significant effect in BMP and in BEP using the chi-square (M=245.62, p< .01,df =120) indicating appropriate well-fit model, favorable and accepted data. Results yielded a robust and significant contribution to transform CUs in Bangladesh utilizing a new paradigm.



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How to Cite

Gomes, L. H., & Calara, M. S. P. (2015). Correlation of the Attributes of the New Credit Union Development Model in Bangladesh. Asian Journal of Humanities and Social Studies, 3(2). Retrieved from