How successful a credit union is at making money has an effect on its safety and soundness. A credit union can retain its earnings, giving a boost to its capital cushion, or use them to deal with problematic loans, potentially making the credit union better able to withstand financial trouble. Obviously, credit unions that are losing money have less ability to do those things.
On Bankrate's earnings test, SAN MATEO scored 20 out of a possible 30, exceeding the national average of 10.31.
One sign that the credit union is doing better than its peers in this area was its earnings ratio of 11.00 percent in our test, better than the average for all credit unions.