A credit union's ability to earn money has an effect on its safety and soundness. A credit union can retain its earnings, expanding its capital cushion, or use them to address 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.
STANDARD STEEL EMP received below-average marks on Bankrate's test of earnings, achieving a score of 6 out of a possible 30.
One indication that the credit union is running ahead of its peers in this area was its earnings ratio of 2.00 percent in our test, better than the average for all credit unions.