A credit union's earnings performance affects its safety and soundness. A credit union can retain its earnings, boosting its capital cushion, or use them to address problematic loans, likely making the credit union better able to withstand financial trouble. Conversely, losses diminish a credit union's ability to do those things.
On Bankrate's earnings test, HALIFAX COUNTY COMMUNITY scored 14 out of a possible 30, better than the national average of 10.11.
One sign that HALIFAX COUNTY COMMUNITY 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.