A credit union's profitability affects its safety and soundness. Earnings may be retained by the credit union, increasing its capital cushion, or be used to address problematic loans, likely making the credit union more resilient in tough times. Conversely, losses lessen a credit union's ability to do those things.
On Bankrate's test of earnings, THE SUMMIT scored 12 out of a possible 30, better than the national average of 10.11.
One sign that THE SUMMIT is outperforming its peers in this area was its earnings ratio of 0.00 percent in our test, better than the average for all credit unions.