How successful a credit union is at making money has an effect on its safety and soundness. 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. Credit unions that are losing money, however, have less ability to do those things.
VERITY scored 8 out of a possible 30 on Bankrate's test of earnings, below the national average of 10.31.
One indication that VERITY is beating its peers in this area was its earnings ratio of 3.00 percent in our test, better than the average for all credit unions.