A credit union's ability to earn money affects its safety and soundness. A credit union can retain its earnings, giving a boost to its capital buffer, or use them to deal with problematic loans, potentially making the credit union better prepared to withstand financial shocks. Obviously, credit unions that are losing money are less able to do those things.
THE GOLDEN 1 scored 18 out of a possible 30 on Bankrate's earnings test, exceeding the national average of 10.31.
The credit union had an earnings ratio of 8.00 percent in our test, higher than the average for all credit unions, suggesting that it's beating its peers in this area.