How successful a credit union is at making money has an effect on its safety and soundness. 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 more resilient in tough times. Obviously, credit unions that are losing money are less able to do those things.
On Bankrate's test of earnings, LANECO scored 4 out of a possible 30, below the national average of 10.11.
One indication that LANECO is running ahead of its peers in this area was its earnings ratio of 0.00 percent in our test, higher than the average for all credit unions.