How successful a credit union is at earning money has an effect on its safety and soundness. A credit union can retain its earnings, giving a boost to its capital buffer, or use them to deal with 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.
SCHENECTADY COUNTY EMPLOYEES scored 0 out of a possible 30 on Bankrate's earnings test, failing to reach the national average of 10.11.
SCHENECTADY COUNTY EMPLOYEES had an earnings ratio of 0.00 percent in our test, better than the average for all credit unions, suggesting that it's outperforming its peers in this area.