A credit union's earnings performance affects its long-term survivability. A credit union can retain its earnings, giving a boost to its capital buffer, or put them to work addressing problematic loans, potentially making the credit union better prepared to withstand financial shocks. Losses, on the other hand, diminish a credit union's ability to do those things.
IBEW 116 scored 4 out of a possible 30 on Bankrate's earnings test, falling short of the national average of 10.11.
One sign that IBEW 116 is beating its peers in this area was its earnings ratio of 0.00 percent in our test, above the average for all credit unions.