How successful a credit union is at making money has an effect on its safety and soundness. Earnings can be retained by the credit union, boosting its capital buffer, or be used to address problematic loans, potentially making the credit union more resilient in tough times. Credit unions that are losing money, however, have less ability to do those things.
I.L.A. LOCAL 1235 fell short of the national average on Bankrate's test of earnings, achieving a score of 0 out of a possible 30.
I.L.A. LOCAL 1235 had an earnings ratio of 0.00 percent in our test, higher than the average for all credit unions, suggesting that it's running ahead of its peers in this area.