How successful a credit union is at making money has an effect on its long-term survivability. A credit union can retain its earnings, increasing its capital buffer, or put them to work addressing problematic loans, potentially making the credit union more resilient in times of trouble. Credit unions that are losing money, however, have less ability to do those things.
GREAT LAKES MEMBERS received below-average marks on Bankrate's earnings test, achieving a score of 0 out of a possible 30.
GREAT LAKES MEMBERS had an earnings ratio of -6.00 percent in our test, below the average for all credit unions, suggesting that it's running behind its peers in this area.