How successful a credit union is at earning money has an effect on 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 able to withstand economic shocks. Obviously, credit unions that are losing money have less ability to do those things.
PLUMBERS & FITTERS LOCAL 675 scored 10 out of a possible 30 on Bankrate's test of earnings, lower than the national average of 10.31.
The credit union had an earnings ratio of 4.00 percent in our test, higher than the average for all credit unions, suggesting that it's beating its peers in this area.