A credit union's profitability has an effect on its safety and soundness. Earnings may be retained by the credit union, giving a boost to its capital buffer, or be used to address problematic loans, potentially making the credit union better prepared to withstand financial trouble. Obviously, credit unions that are losing money are less able to do those things.
On Bankrate's test of earnings, LOCAL 355 MD scored 6 out of a possible 30, coming in below the national average of 10.11.
One sign that LOCAL 355 MD is outperforming its peers in this area was its earnings ratio of 0.00 percent in our test, better than the average for all credit unions.