How successful a credit union is at earning money affects its safety and soundness. Earnings can be retained by the credit union, increasing its capital buffer, or be used to address problematic loans, likely making the credit union better prepared to withstand financial trouble. However, credit unions that are losing money have less ability to do those things.
On Bankrate's test of earnings, MICHIGAN COASTAL scored 14 out of a possible 30, beating out the national average of 10.11.
One indication that MICHIGAN COASTAL is beating its peers in this area was its earnings ratio of 0.00 percent in our test, better than the average for all credit unions.