A credit union's ability to earn money has an effect on its long-term survivability. Earnings may be retained by the credit union, boosting its capital cushion, or be used to deal with problematic loans, likely making the credit union better prepared to withstand financial trouble. Conversely, losses reduce a credit union's ability to do those things.
On Bankrate's earnings test, CLASSIC scored 0 out of a possible 30, less than the national average of 10.11.
One indication that CLASSIC is outperforming its peers in this area was its earnings ratio of 0.00 percent in our test, higher than the average for all credit unions.