How successful a credit union is at making money affects its long-term survivability. Earnings may be retained by the credit union, giving a boost to its capital cushion, or be used to address problematic loans, likely making the credit union more resilient in times of trouble. However, credit unions that are losing money are less able to do those things.
On Bankrate's test of earnings, SUMMIT scored 20 out of a possible 30, beating 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, higher than the average for all credit unions.