How successful a credit union is at making money affects its safety and soundness. A credit union can retain its earnings, giving a boost to its capital cushion, or put them to work addressing problematic loans, potentially making the credit union more resilient in times of trouble. Credit unions that are losing money, however, have less ability to do those things.
THE LOCAL scored 6 out of a possible 30 on Bankrate's earnings test, below the national average of 10.31.
THE LOCAL had an earnings ratio of 2.00 percent in our test, higher than the average for all credit unions, suggesting that it's beating its peers in this area.