A credit union's earnings performance affects its safety and soundness. Earnings may be retained by the credit union, expanding its capital buffer, or be used to deal with problematic loans, potentially making the credit union more resilient in tough times. Losses, on the other hand, reduce a credit union's ability to do those things.
On Bankrate's test of earnings, CITY OF FAIRMONT scored 8 out of a possible 30, falling short of the national average of 10.11.
One indication that CITY OF FAIRMONT is beating its peers in this area was its earnings ratio of 0.00 percent in our test, higher than the average for all credit unions.