A credit union's profitability has an effect on its safety and soundness. Earnings can be retained by the credit union, increasing its capital buffer, or be used to deal with problematic loans, likely making the credit union more resilient in times of trouble. However, credit unions that are losing money are less able to do those things.
ELECTRICAL WORKERS LOCAL 58 underperformed the average on Bankrate's earnings test, achieving a score of 4 out of a possible 30.
ELECTRICAL WORKERS LOCAL 58 had an earnings ratio of 0.00 percent in our test, better than the average for all credit unions, an indication that it's beating its peers in this area.