A credit union's earnings performance affects its safety and soundness. A credit union can retain its earnings, expanding its capital cushion, or put them to work addressing problematic loans, likely making the credit union more resilient in tough times. Conversely, losses lessen a credit union's ability to do those things.
ELECTEL COOPERATIVE scored 12 out of a possible 30 on Bankrate's test of earnings, beating out the national average of 10.11.
ELECTEL COOPERATIVE had an earnings ratio of 0.00 percent in our test, better than the average for all credit unions, an indication that it's doing better than its peers in this area.