How successful a credit union is at earning money affects its long-term survivability. A credit union can retain its earnings, boosting its capital buffer, or put them to work addressing problematic loans, potentially making the credit union better able to withstand financial shocks. Obviously, credit unions that are losing money are less able to do those things.
On Bankrate's earnings test, SOOPER scored 10 out of a possible 30, failing to reach the national average of 10.31.
One indication that SOOPER is doing better than its peers in this area was its earnings ratio of 4.00 percent in our test, higher than the average for all credit unions.