How successful a credit union is at earning money affects its safety and soundness. Earnings can be retained by the credit union, giving a boost to its capital buffer, or be used to deal with problematic loans, potentially 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.
On Bankrate's earnings test, HONEA scored 0 out of a possible 30, less than the national average of 10.31.
One indication that HONEA is performing behind its peers in this area was its earnings ratio of -5.00 percent in our test, below the average for all credit unions.