A credit union's ability to earn money has an effect on its safety and soundness. Earnings can be retained by the credit union, boosting its capital buffer, or be used to deal with problematic loans, likely making the credit union more resilient in tough times. However, credit unions that are losing money have less ability to do those things.
On Bankrate's test of earnings, SPIRIT OF ALASKA scored 10 out of a possible 30, lower than the national average of 10.31.
SPIRIT OF ALASKA had an earnings ratio of 5.00 percent in our test, higher than the average for all credit unions, suggesting that it's running ahead of its peers in this area.