A credit union's ability to earn money has an effect on its safety and soundness. A credit union can retain its earnings, giving a boost to its capital cushion, or use them to deal with problematic loans, potentially making the credit union better able to withstand economic trouble. Losses, on the other hand, reduce a credit union's ability to do those things.
U.F.C.W. LOCAL 23 underperformed the average on Bankrate's earnings test, achieving a score of 0 out of a possible 30.
U.F.C.W. LOCAL 23 had an earnings ratio of 0.00 percent in our test, higher than the average for all credit unions, suggesting that it's beating its peers in this area.