Federal credit union · PORT HURON, Michigan · NCUA charter #12906
Blue Water
Health score 85/100, grade A (Excellent) - from the NCUA 5300 Call Report, 2025Q4.
- 85
- Health / 100
- $18.9M
- Total assets
- 1,131
- Members
- 14.5%
- Net-worth ratio
Blue Water scores 85/100 on PlainCU's health composite from NCUA 5300 Call Report data (2025Q4). Assets $18.9M; members 1,131; net-worth ratio 14.54%; health rank #1,931 of 4,374; healthier than 54th of scored peers.
NCUA Call Report stamp band
NCUA 5300 Call Report Masthead
#1,931 of 4,374 health · 2025Q4Blue Water · health 85/100 · $18.9M · 2025Q4
- NW 85/100
- DELQ 14.5%
- ROA 0.05%
- ASSETS 0.64%
- MEM $18.9M
- RANK 1,131
- PHOTO #1,931/4,374
- BOOK Southwest Communities
- CHARTER 12906
Call Report peers
Blue Water in the assets neighbourhood
Blue Water's $18.9M assets sit next to Southwest Communities ($18.9M) on the assets neighbourhood; peer NAMES stay, and the masthead VALUES are this credit union's Call Report.
Subscribe to this credit union's financial changes (RSS) — one item per NCUA 5300 call report, no account required.
Blue Water vs every NCUA-scored credit union
Where this credit union's health score sits among every federally insured CU with a scored NCUA 5300 filing
85 Top 46% higher than 54% of 4,374 credit unions
every scored credit union, bucketed by value
Each bar is a band; taller bars hold more credit unions. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count and share, and where it sits relative to this entry.
Source NCUA 5300 Call Report aggregates · 2025Q4
Blue Water - Share Insurance Coverage
Charter #12906's composite supervisory bracket and risk-based capital, as reported in the 2025Q4 NCUA Call Report. See our deposit-insurance coverage note for how NCUSIF protection works.
Peer-gap read for Blue Water
- Delinquency Rate leads the peer set - 0.05% here, 1.15% peer average (-1.10 pp).
- Widest shortfall vs peers is Loan-to-Share Ratio: -4.72 pp (55.08% vs 59.80%).
Peer averages are NCUA 5300 means for the $10M–$50M cohort (1163 CUs), 2025Q4 vintage - registry deltas only, not a join recommendation.
Blue Water in Michigan
- Michigan health ordinal: #97 of 171.
- Michigan assets place: #163 of 171.
- Member book place in Michigan: #167 of 171.
In-state ordinals use the live credit_unions table for MI only - ROW_NUMBER sorts match /rankings healthiest and largest, scoped to the state.
How Blue Water's 5300 filing moved
Blue Water: total assets by quarter
4 Call Report filings on this page's own vintage chain
- Assets moved +5.3% from $18.9M (2025Q4) to $19.9M (2026Q1).
- Net-worth ratio shifted -0.63 pp (15.17% → 14.54%).
Trajectory uses quarterly_financials rows already on this page - same NCUA 5300 vintage chain, not a forecast.
This credit union's 14.54% net worth ratio clears the 7.0% NCUA well-capitalized threshold set under Prompt Corrective Action rules.
How the 85/100 score is built
Each segment is a pillar's weighted contribution to the composite; widths sum to 85.
- Net Worth Ratio 30.0 pts
- Delinquency Rate 25.0 pts
- Return on Assets 15.0 pts
- Member Growth 3.6 pts
- Loan-to-Share Ratio 11.4 pts
Financial Health Metrics
| Metric | Value | vs peer |
|---|---|---|
| Net Worth Ratio | 14.54% | -0.32 pp |
| Delinquency Rate | 0.05% | -1.10 pp |
| Return on Assets | 0.64% | -0.06 pp |
| Member Growth | -3.00% | - |
| Loan-to-Share Ratio | 55.08% | -4.72 pp |
Health score = weighted composite of the five NCUA ratios above. Scores based on NCUA 5300 Call Report Q4 2025 data. Peer group: $10M–$50M (1163 CUs).
Blue Water quarterly book
| Quarter | Assets | Members |
|---|---|---|
| 2026Q1 | $19.9M | - |
| 2025Q4 | $18.9M | 1,131 |
| 2024Q4 | $19.2M | 1,166 |
| 2023Q4 | $17.7M | 1,179 |
Credit Union Details
- Charter Number
- 12906
- Type
- Federal
- Field of Membership
- Low Income
- Peer Group
- $10M–$50M
- State
- Michigan
- City
- PORT HURON
- Data Quarter
- 2025Q4
Branch Locations (3)
The NCUA branch filing lists 3 physical offices for Blue Water, spread across 3 cities.
| Office | City |
|---|---|
| Blue Water Federal Credit Union (Main Office) | PORT HURON, MI |
| CU*Answers | Grand Rapids, MI |
| Flagship Federal Credit Union | Port Huron, MI |
Source: NCUA Credit Union Branch Information, 2025Q4 filing.
Nearby Credit Unions in Michigan
A look at other Michigan credit unions, ranked by how closely their peer group and asset size match this one.
Blue Water nationwide neighbourhoods
Cross-state asset and health neighbours for Blue Water - kept outside Michigan; in-state CUs stay in the Nearby block.
Similar total assets
Nearest other-state credit unions with ≥$10M assets ($18.9M here).
Similar health score
Nearest other-state credit unions by five-factor health composite (85/100 here).
Using this data
- Blue Water ranks #1,931 of 4,374 nationally on financial health and #97 of 171 in MI -- the national figure is a benchmark, not a prediction for how any specific account performs. National health rankings
- Warren Municipal is a nearby credit union with a similar profile -- compare the two side by side before deciding where to bank. Compare with Warren Municipal
- Rates and health both vary by institution, not just by state -- see how Michigan credit unions compare overall before assuming this one is typical. Michigan state overview
National and state figures are benchmarks built from NCUA 5300 Call Report data, not a recommendation for any individual account decision.
Frequently Asked Questions
Is Blue Water financially healthy?
Based on NCUA 5300 Call Report data as of Q4 2025, Blue Water carries a financial health score of 85/100 (Excellent). On the national health ranking (same basis as /rankings/healthiest), it sits at #1,931 of 4,374; by total assets it ranks #3,181 of 4,374 nationally (same basis as /rankings/largest); and #163 of 171 within Michigan. On this scale, above 80 is excellent and below 50 warrants closer monitoring; the two biggest inputs here are a 14.54% net worth ratio and a 0.05% delinquency rate.
How does Blue Water compare to other credit unions?
On PlainCU's health composite, Blue Water lands at 85/100, compared to a peer group average for $10M–$50M credit unions. Five NCUA-reported metrics feed that number: net worth ratio (weighted 30%), delinquency rate (25%), return on assets (15%), member growth (15%), and loan-to-share ratio (15%).
What is a credit union health score?
A credit union health score is a composite rating (0–100) that combines five financial metrics reported to the NCUA: net worth ratio (capital adequacy), delinquency rate (loan quality), return on assets (profitability), member growth, and loan-to-share ratio (liquidity balance). Scores above 80 indicate excellent financial health; 60–79 is good; 40–59 is fair; below 40 is weak.
How can I join Blue Water?
Blue Water carries an NCUA Low-Income Designation, which typically means anyone can join regardless of employer or location, and the credit union is eligible for supplemental capital and secondary capital rules not available to standard charters. Contact Blue Water directly to confirm current membership steps.
Is my money safe at Blue Water?
Federal credit unions like Blue Water are insured by the National Credit Union Share Insurance Fund (NCUSIF), administered by the NCUA. Each individual depositor is insured up to $250,000, the same limit as FDIC-insured banks. Blue Water's net worth ratio of 14.54% exceeds the 7% threshold NCUA considers "well capitalized."
What rates does Blue Water offer compared to banks?
Credit unions like Blue Water are not-for-profit cooperatives, which typically allows them to offer higher savings rates and lower loan rates than banks. Nationally, credit unions average 0.25–0.50% lower auto loan rates and 0.10–0.30% higher savings yields. Contact Blue Water directly for current rates, or compare overall credit union vs bank rates on our rates comparison page.
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. Credit union figures are computed directly from NCUA quarterly call report data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.