A credit union's earnings performance has an effect on its long-term survivability. Earnings can be retained by the credit union, boosting its capital buffer, or be used to address problematic loans, potentially making the credit union better prepared to withstand economic trouble. Credit unions that are losing money, however, have less ability to do those things.
MIDCOAST scored 10 out of a possible 30 on Bankrate's test of earnings, below the national average of 10.11.
One indication that MIDCOAST 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.