A credit union's ability to earn money has an effect on its safety and soundness. Earnings can be retained by the credit union, increasing its capital cushion, or be used to address problematic loans, potentially making the credit union more resilient in times of trouble. Obviously, credit unions that are losing money are less able to do those things.
GLOUCESTER FIRE DEPARTMENT fell behind the national average on Bankrate's test of earnings, achieving a score of 4 out of a possible 30.
One sign that GLOUCESTER FIRE DEPARTMENT is doing better than its peers in this area was its earnings ratio of 0.00 percent in our test, better than the average for all credit unions.