How successful a credit union is at earning money has an effect on its long-term survivability. A credit union can retain its earnings, boosting its capital cushion, or put them to work addressing problematic loans, likely making the credit union more resilient in tough times. Credit unions that are losing money, however, are less able to do those things.
WIDGET underperformed the average on Bankrate's test of earnings, achieving a score of 6 out of a possible 30.
One sign that the credit union is outperforming its peers in this area was its earnings ratio of 2.00 percent in our test, above the average for all credit unions.