A credit union's ability to earn money has an effect on its long-term survivability. A credit union can retain its earnings, giving a boost to its capital cushion, or put them to work addressing problematic loans, likely making the credit union better able to withstand financial shocks. Losses, on the other hand, reduce a credit union's ability to do those things.
On Bankrate's earnings test, OLD OCEAN scored 20 out of a possible 30, above the national average of 10.11.
One indication that OLD OCEAN is outperforming its peers in this area was its earnings ratio of 0.00 percent in our test, higher than the average for all credit unions.