A credit union's earnings performance affects its safety and soundness. A credit union can retain its earnings, increasing its capital cushion, or use them to deal with problematic loans, likely making the credit union better prepared to withstand economic trouble. Conversely, losses take away from a credit union's ability to do those things.
On Bankrate's earnings test, CREDIT UNION OF NEW JERSEY scored 8 out of a possible 30, falling short of the national average of 10.11.
One indication that CREDIT UNION OF NEW JERSEY is beating its peers in this area was its earnings ratio of 0.00 percent in our test, above the average for all credit unions.