A credit union's ability to earn money affects its safety and soundness. Earnings can be retained by the credit union, boosting its capital cushion, or be used to address problematic loans, likely making the credit union better able to withstand financial trouble. Losses, on the other hand, reduce a credit union's ability to do those things.
ERIE scored 10 out of a possible 30 on Bankrate's earnings test, below the national average of 10.31.
ERIE had an earnings ratio of 4.00 percent in our test, better than the average for all credit unions, suggesting that it's outperforming its peers in this area.