A credit union's ability to earn money has an effect on its long-term survivability. Earnings may be retained by the credit union, increasing its capital buffer, or be used to deal with problematic loans, potentially making the credit union better able to withstand financial trouble. However, credit unions that are losing money are less able to do those things.
On Bankrate's earnings test, LONGSHORE scored 6 out of a possible 30, coming in below the national average of 10.11.
One indication that LONGSHORE is doing better than its peers in this area was its earnings ratio of 0.00 percent in our test, higher than the average for all credit unions.