CONDITIONS OF CHANGES IN INTEREST RATES OF DEPOSITS IN THE CO-OPERATIVE SAVINGS & CREDIT UNIONS (Warunki zmian stóp procentowych depozytów spóldzielczych kas oszczednosciowo-kredytowych.)

The changes in money market rates and the profitability of Treasury securities cause reaction of not only banks but also the Co-operative Savings & Credit Unions (PCU). The article analyzes the conditions of changes in interest rates of deposits in PCU. They may change deposit interest rates in case of changes of: National Association of Co-operative Savings & Credit Unions' interest rates, interest rates in banks, the National Bank of Poland base rates, the money rates in the interbank market, yields of Treasury securities and inflation. Using the statistical material collected in years 2005-2008 the strong positive dependence between the investigated determinants and the credit unions' deposit interest rates was confirmed.