A credit union's ability to earn money affects its safety and soundness. Earnings can be retained by the credit union, increasing its capital buffer, or be used to deal with 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.
On Bankrate's test of earnings, NAVY FEDERAL CREDIT UNION scored 22 out of a possible 30, beating out the national average of 10.31.
One indication that the credit union is outperforming its peers in this area was its earnings ratio of 14.00 percent in our test, higher than the average for all credit unions.