A credit union's ability to earn money affects its safety and soundness. Earnings can be retained by the credit union, giving a boost to its capital cushion, or be used to deal with problematic loans, potentially making the credit union better prepared to withstand economic shocks. Obviously, credit unions that are losing money have less ability to do those things.
On Bankrate's test of earnings, GREAT LAKES scored 4 out of a possible 30, coming in below the national average of 10.31.
The credit union had an earnings ratio of 2.00 percent in our test, above the average for all credit unions, an indication that it's beating its peers in this area.