How successful a credit union is at earning money has an effect on its safety and soundness. A credit union can retain its earnings, expanding its capital cushion, or use them to address problematic loans, likely making the credit union better able to withstand financial trouble. Losses, on the other hand, diminish a credit union's ability to do those things.
On Bankrate's earnings test, LOCAL UNION 1186 IBEW scored 0 out of a possible 30, below the national average of 10.31.
LOCAL UNION 1186 IBEW had an earnings ratio of -7.00 percent in our test, worse than the average for all credit unions, an indication that it's running behind its peers in this area.