How successful a credit union is at making money affects its long-term survivability. Earnings may be retained by the credit union, boosting its capital buffer, or be used to deal with problematic loans, potentially making the credit union better able to withstand financial trouble. Losses, on the other hand, take away from a credit union's ability to do those things.
On Bankrate's earnings test, SPIRIT OF AMERICA scored 16 out of a possible 30, beating the national average of 10.11.
One indication that SPIRIT OF AMERICA is running ahead of its peers in this area was its earnings ratio of 0.00 percent in our test, better than the average for all credit unions.