BREAKWATER
Federal • Houghton, Michigan • Est. 1952
Quick Facts
- Charter Number
- #8212
- Type
- Federal
- Established
- 1952
- Headquarters
- Houghton, Michigan 49931-1618
- Address
- 700 E Sharon Ave
- Branches
- 1
- ATMs
- 1
- Members
- 10,390
- Membership Type
- Other/Unknown
CUScore Financial Grade
Based on Q1 2026 NCUA Call Report data
Under CUScore's rules, this institution reports a net worth ratio of at least 10% and a delinquency rate below 1%. This simplified grade is informational, is not an official NCUA rating, and does not determine regulatory or deposit-insurance status.
Financial Overview
Total Assets
Members
10,390 total members
Total Loans
Outstanding loan portfolio
Net Worth Ratio
Financial Details
| Metric | BREAKWATER |
|---|---|
| Total Assets | $138.4M |
| Members | 10,390 |
| Loans Outstanding | $80.0M |
| Shares & Deposits | $120.2M |
| Net Worth | $17.8M |
| Net Worth Ratio | 13.33% |
| Loan-to-Share Ratio | 66.6% |
| Delinquency Rate | 0.37% |
| Net Income | +$0 |
Source: Q1 2026 NCUA Call Report • Reporting date: 3/31/2026
Branch Locations
1 location · 1 ATMs
Main Branch/Corporate Offices
Main Office700 E Sharon Ave
Houghton, MI 49931-1618
Who Can Join BREAKWATER?
Membership Type: Other/Unknown
Membership eligibility for BREAKWATER may vary. Contact the credit union directly to confirm qualification requirements.
Contact BREAKWATER directly or visit their website for the most accurate and up-to-date membership eligibility information.
Find More Credit Unions in Michigan
Review the Q1 2026 statewide dataset, aggregate ratios, and institutions ranked by reported assets.
View Michigan RankingsFrequently Asked Questions
BREAKWATER is listed as federally insured in the Q1 2026 NCUA dataset. NCUA share insurance generally covers qualifying accounts up to the standard maximum amount, with coverage depending on account ownership categories. Verify current status and coverage for your accounts with the NCUA or the institution.
As of the Q1 2026 NCUA Call Report, BREAKWATER has 10,390 members and a potential membership field of 50,000 people.
BREAKWATER's reported net worth ratio is 13.33% as of Q1 2026. The NCUA's standard net worth ratio threshold for "well capitalized" is 7%, although official status can involve additional rules.
BREAKWATER operates 1 branch location and has access to 1 ATMs. The main office is located at 700 E Sharon Ave, Houghton, MI 49931-1618.
BREAKWATER was established in 1952. It is a federal credit union chartered under charter number 8212. The institution has been serving members for 74 years.
Data sourced from the NCUA Quarterly Call Report (Q1 2026). CUScore is an independent directory and is not affiliated with the NCUA or BREAKWATER. All financial data is for informational purposes only.