A credit union's earnings performance affects its long-term survivability. Earnings may be retained by the credit union, giving a boost to its capital cushion, or be used to deal with problematic loans, potentially making the credit union more resilient in times of trouble. Credit unions that are losing money, however, are less able to do those things.
PROVIDENCE outperformed the average on Bankrate's earnings test, achieving a score of 12 out of a possible 30.
PROVIDENCE had an earnings ratio of 0.00 percent in our test, above the average for all credit unions, an indication that it's outperforming its peers in this area.