A credit union's profitability affects its safety and soundness. A credit union can retain its earnings, giving a boost to its capital cushion, or put them to work addressing problematic loans, potentially making the credit union better prepared to withstand financial shocks. Credit unions that are losing money, however, have less ability to do those things.
On Bankrate's earnings test, FIRST PRIORITY scored 6 out of a possible 30, failing to reach the national average of 10.11.
One sign that FIRST PRIORITY 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.