A credit union's earnings performance has an effect on its long-term survivability. A credit union can retain its earnings, giving a boost to its capital buffer, or use them to address problematic loans, likely making the credit union more resilient in tough times. Losses, on the other hand, take away from a credit union's ability to do those things.
On Bankrate's test of earnings, VERIDIAN scored 20 out of a possible 30, better than the national average of 10.31.
The credit union had an earnings ratio of 11.00 percent in our test, higher than the average for all credit unions, a sign that it's outperforming its peers in this area.