How successful a credit union is at making money affects its safety and soundness. Earnings can be retained by the credit union, increasing its capital cushion, or be used to address problematic loans, likely making the credit union better able to withstand financial shocks. However, credit unions that are losing money are less able to do those things.
On Bankrate's test of earnings, GREAT ERIE scored 10 out of a possible 30, coming in below the national average of 10.11.
One indication that GREAT ERIE is outperforming its peers in this area was its earnings ratio of 0.00 percent in our test, better than the average for all credit unions.