How successful a credit union is at earning money affects its safety and soundness. A credit union can retain its earnings, expanding its capital cushion, or put them to work addressing problematic loans, likely making the credit union better prepared to withstand economic trouble. Obviously, credit unions that are losing money are less able to do those things.
On Bankrate's test of earnings, NEW YORK STATE EMPLOYEES scored 0 out of a possible 30, less than the national average of 10.31.
NEW YORK STATE EMPLOYEES had an earnings ratio of -242.00 percent in our test, below the average for all credit unions, an indication that it's performing behind its peers in this area.