How successful a credit union is at making money has an effect on its safety and soundness. Earnings may be retained by the credit union, increasing its capital cushion, or be used to deal with problematic loans, likely making the credit union better prepared to withstand financial shocks. Credit unions that are losing money, however, are less able to do those things.
SELF RELIANCE NY did below-average on Bankrate's test of earnings, achieving a score of 10 out of a possible 30.
One sign that SELF RELIANCE NY is beating its peers in this area was its earnings ratio of 5.00 percent in our test, better than the average for all credit unions.