A credit union's earnings performance has an effect on its long-term survivability. Earnings can be retained by the credit union, expanding its capital cushion, or be used to deal with problematic loans, likely making the credit union better prepared to withstand financial shocks. Credit unions that are losing money, however, have less ability to do those things.
REDEEMER scored 30 out of a possible 30 on Bankrate's test of earnings, beating the national average of 10.11.
One sign that the credit union is running ahead of its peers in this area was its earnings ratio of 1.00 percent in our test, better than the average for all credit unions.