How successful a credit union is at making money has an effect on its long-term survivability. Earnings may be retained by the credit union, increasing its capital cushion, or be used to deal with problematic loans, likely making the credit union more resilient in times of trouble. Obviously, credit unions that are losing money have less ability to do those things.
On Bankrate's earnings test, HASTINGS scored 16 out of a possible 30, beating the national average of 10.11.
One indication that HASTINGS is doing better than its peers in this area was its earnings ratio of 0.00 percent in our test, higher than the average for all credit unions.