A credit union's profitability affects its long-term survivability. A credit union can retain its earnings, expanding its capital buffer, or use them to address problematic loans, potentially making the credit union better prepared to withstand financial trouble. Credit unions that are losing money, however, are less able to do those things.
On Bankrate's test of earnings, IBEW LU 278 scored 0 out of a possible 30, failing to reach the national average of 10.11.
One sign that IBEW LU 278 is beating its peers in this area was its earnings ratio of -1.00 percent in our test, above the average for all credit unions.