Breakwater Federal Credit Union Houghton, Michigan
Also written as Breakwater FCU
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Data as of · sourced from NCUA 5300 call reports. How we update
Breakwater Federal Credit Union is a federal credit union headquartered in Houghton, MI, established in 1952 (NCUA charter 8212), and it is regulated and insured by the NCUA. At Q2 2026 it reported 10,420 members and total assets of $138.2M (up 5.8% from Q2 2025), the 101st largest of 169 credit unions headquartered in Michigan. Its net worth ratio was 13.68% at Q2 2026, in the well capitalized band (NCUA's well capitalized line is 7%).
- Charter
- Federal credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 8212
- Headquarters
- Houghton, MI
- Established
- 1952
- Total assets, Q2 2026
- $138.2M
- Assets vs Q2 2025
- +5.8%
- Members, Q2 2026
- 10,420
- Net worth ratio, Q2 2026
- 13.68%
- Latest call report
- Q2 2026, NCUA 5300 · Breakwater Federal Credit Union call report
- Asset rank in state
- 101st of 169 in Michigan
- Routing number
- 291172682
- Branches
- 1
It has 5 more members than on June 30, 2025. Its net worth ratio was up 1.30 percentage points from 12.38% on June 30, 2025.
Credit unions similar in size in Michigan
Frequently asked about Breakwater Federal Credit Union
How big is Breakwater Federal Credit Union?
At Q2 2026 it reported total assets of $138.2M and 10,420 members.
Where is Breakwater Federal Credit Union headquartered?
It is headquartered in Houghton, MI, United States.
When was Breakwater Federal Credit Union founded?
It was established in 1952, per NCUA records.
Is Breakwater Federal Credit Union federally insured?
Yes. It files the NCUA 5300 call report as a federally insured credit union (NCUA charter 8212). Member shares are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.
Who regulates Breakwater Federal Credit Union?
It is a federal credit union, chartered and supervised by the NCUA.
Is Breakwater Federal Credit Union well capitalized?
Its net worth ratio was 13.68% at Q2 2026, in the well capitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is Breakwater Federal Credit Union's delinquency ratio?
Its delinquency ratio was 0.32% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is Breakwater Federal Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 69.73% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- Houghton, MI 49931
- Charter Type
- Federal credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1952
- NCUA Charter #
- 8212
- RSSD ID
- 517384
- Members
- 10,420
- Potential members
- 50,000
Size & Membership
Profitability
Q2 annualizedROA, ROE and net interest margin are the quarter's own income, annualized. NCUA's Financial Performance Report annualizes the year to date instead, so after the first quarter its figures differ from ours. Where the 5300 for this quarter and the prior year-end is served, the year-to-date value on NCUA's basis is shown beside each as YTD, over the average of this quarter's and the prior year-end balances. NCUA publishes no ROE; ours uses the same year-to-date basis over average net worth.
Capital & Asset Quality
Net worth category is computed by BankRegReports from the net worth ratio, using NCUA's 7, 6, 4 and 2 percent thresholds. It is not NCUA's determination, which can differ.
Peer comparison: credit unions of similar size
It ranks against 1,341 credit unions with $100M to $1B in assets, as of Q2 2026. It is in the top quartile on 7 of 7 ranked measures. Rank is the estimated share of peers this credit union outperforms; the tag compares it with the median peer. Percentiles are interpolated from the peer group's 10th, 25th, 50th, 75th and 90th percentile values.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 9.81% to 13.58% | 13.68% | 11.43% | 76th top |
| Return on assets Middle half of peers: 0.43% to 1.23% | 2.09% | 0.81% | over 90th top |
| Return on equity Middle half of peers: 3.87% to 9.84% | 15.65% | 7.02% | over 90th top |
| Net interest margin Middle half of peers: 3.30% to 4.10% | 4.46% | 3.70% | 88th top |
| Efficiency ratio Middle half of peers: 68.90% to 83.49% | 61.35% | 76.55% | 88th top |
| Cost of funds Middle half of peers: 0.92% to 1.56% | 0.43% | 1.24% | over 90th top |
| Delinquency ratio Middle half of peers: 0.39% to 1.12% | 0.32% | 0.68% | 80th top |
| Yield on assets Middle half of peers: 4.53% to 5.37% | 4.89% | 4.92% | 48th position only |
| Loan-to-share ratio Middle half of peers: 62.05% to 86.41% | 69.73% | 75.66% | 39th position only |
Quarterly trends
Last 6 quarters from this credit union's own NCUA 5300 call reports. Balances are as of each quarter end; ratios are annualized.
Balances at each quarter end. Shares are the credit-union term for member deposits.
Balances at each quarter end. Net worth is the credit-union equivalent of equity capital.
Net worth over total assets. NCUA calls a credit union well capitalized at 7% and undercapitalized below 6%.
Loans over shares and deposits: how much of member money is lent out rather than invested or held in cash.
Loans 60 or more days past due as a share of total loans.
Annualized, so each point is a rate rather than a running total.
Annualized. Interest income less interest expense, over average earning assets.
Reported member count at each quarter end.
Quarterly trend: last 6 quarters
Quarter-over-quarter movement in the four ratios NCUA watches most, from the credit union's own NCUA 5300 call report filings.
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 13.68% | 2.09% | 0.32% | 69.73% |
| March 31, 2026 | 13.33% | 2.17% | 0.37% | 66.59% |
| December 31, 2025 | 13.01% | 2.15% | 0.41% | 70.04% |
| September 30, 2025 | 12.71% | 2.01% | 0.33% | 73.09% |
| June 30, 2025 | 12.38% | 1.62% | 0.17% | 72.48% |
| March 31, 2025 | 12.02% | 1.43% | 0.19% | 71.90% |
Scroll sideways to see every column.
Source: NCUA 5300 Call Report, standardized by BankRegReports. Credit unions are insured by the National Credit Union Share Insurance Fund (NCUSIF), not the FDIC. See how often this data updates or learn more about our data.