Breakwater Federal Credit Union is a federal credit union headquartered in Houghton, Michigan, in business for about 74 years. At the end of Q2 2026 it reported $138.2M in total assets and $118.9M in member shares and deposits, with 1 office.
Breakwater Federal Credit Union has a TellerScore of 92 out of 100 (very strong) based on Q2 2026 data — higher than 97% of its 1,341 credit unions with $100 million – $1 billion. Among 169 credit unions headquartered in Michigan, it ranks 6th. Earnings contributes the most (100/100, 2.13%); capital cushion contributes the least (87/100, 13.68%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 7 points (85 → 92), mostly because the earnings component improved by 20 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 73 |
| Q3 2024 | 74 |
| Q4 2024 | 77 |
| Q1 2025 | 83 |
| Q2 2025 | 85 |
| Q3 2025 | 86 |
| Q4 2025 | 87 |
| Q1 2026 | 91 |
| Q2 2026 | 92 |
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| Quarter | Net worth ratio |
|---|---|
| Q2 2024 | 10.91% |
| Q3 2024 | 11.50% |
| Q4 2024 | 11.74% |
| Q1 2025 | 12.02% |
| Q2 2025 | 12.38% |
| Q3 2025 | 12.71% |
| Q4 2025 | 13.01% |
| Q1 2026 | 13.33% |
| Q2 2026 | 13.68% |
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| Quarter | Delinquent loans (60+ days) |
|---|---|
| Q2 2024 | 0.38% |
| Q3 2024 | 0.59% |
| Q4 2024 | 0.49% |
| Q1 2025 | 0.19% |
| Q2 2025 | 0.17% |
| Q3 2025 | 0.33% |
| Q4 2025 | 0.41% |
| Q1 2026 | 0.37% |
| Q2 2026 | 0.32% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.93% |
| Q3 2024 | 1.10% |
| Q4 2024 | 1.19% |
| Q1 2025 | 1.43% |
| Q2 2025 | 1.51% |
| Q3 2025 | 1.67% |
| Q4 2025 | 1.76% |
| Q1 2026 | 2.17% |
| Q2 2026 | 2.13% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 92 | $138.2M | 13.68% | 0.32% | 2.13% | 69.7% |
| Q1 2026 | 91 | $138.4M | 13.33% | 0.37% | 2.17% | 66.6% |
| Q4 2025 | 87 | $135.0M | 13.01% | 0.41% | 1.76% | 70.0% |
| Q3 2025 | 86 | $131.5M | 12.71% | 0.33% | 1.67% | 73.1% |
| Q2 2025 | 85 | $130.6M | 12.38% | 0.17% | 1.51% | 72.5% |
| Q1 2025 | 83 | $128.0M | 12.02% | 0.19% | 1.43% | 71.9% |
| Q4 2024 | 77 | $124.6M | 11.74% | 0.49% | 1.19% | 73.8% |
| Q3 2024 | 74 | $123.2M | 11.50% | 0.59% | 1.10% | 76.4% |
| Q2 2024 | 73 | $127.8M | 10.91% | 0.38% | 0.93% | 74.1% |
1,341 peers · $100 million – $1 billion
How it compares with peers
Percentile against credit unions of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size credit unions in Michigan
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Walled Lake Schools Federal Credit UnionCredit union Wolverine Lake, MI | 81 out of 100, Strong | $138.4M | 14.6% | 1.50% | vs |
| Ukrainian Selfreliance Michigan Federal Credit UnionCredit union Warren, MI | 83 out of 100, Strong | $140.0M | 13.5% | 0.39% | vs |
| Integra First Federal Credit UnionCredit union Powers, MI | 56 out of 100, Moderate | $135.4M | 9.0% | 0.99% | vs |
| Sunrise Family Credit UnionCredit union Bay City, MI | 68 out of 100, Moderate | $133.5M | 9.2% | 0.07% | vs |
| Straits Area Federal Credit UnionCredit union Cheboygan, MI | 59 out of 100, Moderate | $132.4M | 11.7% | 2.77% | vs |
| Lenco Credit UnionCredit union Adrian, MI | 82 out of 100, Strong | $145.0M | 12.1% | 0.21% | vs |
Deposit insurance
Is my money safe at Breakwater Federal Credit Union?
Yes. Breakwater Federal Credit Union is a federally insured credit union (NCUA charter #8212). Deposits 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.
An estimated 0.6% of shares and deposits ($657K) are above the $250,000 NCUA insurance limit, below the peer median of 6%. Insured balances are protected regardless of the score.
The net worth ratio is 13.68%, well above the 7% level regulators use as the "well capitalized" benchmark for this measure.
1 location
Branches
Breakwater Federal Credit Union lists 1 office in 1 city. Most locations:
- Houghton, MI (1)
Identity & history
Profile
- Legal name
- Breakwater Federal Credit Union
- Type
- Federal credit union
- NCUA charter #
- 8212
- RSSD ID
- 517384
- Primary regulator
- NCUA
- Established
- 1952
- Headquarters
- 700 E Sharon Ave, Houghton, MI 49931
- Employees
- 28
Quick answers
Breakwater Federal Credit Union: common questions
Is Breakwater Federal Credit Union NCUA insured?
Yes. Breakwater Federal Credit Union is a federally insured credit union (NCUA charter #8212). Deposits 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.
What is Breakwater Federal Credit Union's TellerScore?
92 out of 100 (Very strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
How many branches does Breakwater Federal Credit Union have?
1 office as of the latest NCUA data.
Nearby
Highest-scoring banks and credit unions with branches near Houghton
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| The Miners State BankBank Iron River, MI | 82 out of 100, Strong | $134.8M | 12.2% | 0.00% | vs |
| Range BankBank Marquette, MI | 80 out of 100, Strong | $604.1M | 10.8% | 0.03% | vs |
| Superior National BankBank Hancock, MI | 73 out of 100, Strong | $1.0B | 11.7% | 0.65% | vs |
| Upper Peninsula State BankBank Escanaba, MI | 72 out of 100, Strong | $371.7M | 13.4% | 1.09% | vs |
| The Huntington National BankBank Columbus, OH | 59 out of 100, Moderate | $283.1B | 9.3% | 1.06% | vs |
| Peninsula Federal Credit UnionCredit union Escanaba, MI | 58 out of 100, Moderate | $355.7M | 9.0% | 0.94% | vs |