How successful a credit union is at earning money has an effect on its safety and soundness. Earnings can be retained by the credit union, boosting its capital cushion, or be used to address problematic loans, potentially making the credit union more resilient in tough times. Credit unions that are losing money, however, are less able to do those things.
On Bankrate's earnings test, FILER scored 14 out of a possible 30, better than the national average of 10.11.
One sign that FILER 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.