Federal credit union · HOUGHTON, Michigan · NCUA charter #8212
BREAKWATER
Health score 95/100, grade A (Excellent) - from the NCUA 5300 Call Report, 2025Q4.
- 95
- Health / 100
- $135.0M
- Total assets
- 10,422
- Members
- 13.3%
- Net-worth ratio
BREAKWATER scores 95/100 on PlainCU's health composite from NCUA 5300 Call Report data (2025Q4). Assets $135.0M; members 10,422; net-worth ratio 13.33%; health rank #360 of 4,374; healthier than 90th of scored peers.
NCUA Call Report stamp band
NCUA 5300 Call Report Masthead
#360 of 4,374 health · 2025Q4BREAKWATER · health 95/100 · $135.0M · 2025Q4
Call Report peers
BREAKWATER in the assets neighbourhood
Subscribe to this credit union's financial changes (RSS) — one item per NCUA 5300 call report, no account required.
BREAKWATER vs every NCUA-scored credit union
The busiest band is 85-89 (858 credit unions); BREAKWATER sits in 95-99 with 391 others.
95 Top 10% higher than 90% of 4,374 credit unions
every scored credit union, bucketed by value
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Source NCUA 5300 Call Report aggregates · 2025Q4
Where BREAKWATER diverges from peer averages
- Strongest edge vs 1069 $100M–$500M peers is Net Worth Ratio: +1.22 pp (13.33% vs 12.11%).
- Widest shortfall vs peers is Loan-to-Share Ratio: -2.16 pp (70.04% vs 72.20%).
Where BREAKWATER sits in Michigan
- Health composite ranks #10 of 171 among scored Michigan credit unions.
- By total assets, BREAKWATER is #101 of 171 in Michigan.
- Member book place in Michigan: #95 of 171.
- One place up in Michigan, H.P.C. (#9) ties at 95/100; one place down, FILER (#11) ties at 95/100.
Quarter path for BREAKWATER
BREAKWATER: total assets by quarter
2023Q4 to 2026Q1, NCUA 5300
- Assets moved +2.5% from $135.0M (2025Q4) to $138.4M (2026Q1).
- Net-worth ratio shifted +0.32 pp (13.01% → 13.33%).
This credit union's 13.33% net worth ratio clears the 7.0% NCUA well-capitalized threshold set under Prompt Corrective Action rules.
How the 95/100 score is built
BREAKWATER gives up 5 points in total. Member Growth costs the most, 5.3 of its 15; Net Worth Ratio and Delinquency Rate and Return on Assets and Loan-to-Share Ratio score full marks.
- Net Worth Ratio 30.0 pts
- Delinquency Rate 25.0 pts
- Return on Assets 15.0 pts
- Member Growth 9.7 pts
- Loan-to-Share Ratio 15.3 pts
BREAKWATER vs peer ratios
| Metric | Value | vs peer |
|---|---|---|
| Net Worth Ratio | 13.33% | +1.22 pp |
| Delinquency Rate | 0.41% | -0.48 pp |
| Return on Assets | 1.10% | +0.47 pp |
| Member Growth | 0.56% | - |
| Loan-to-Share Ratio | 70.04% | -2.16 pp |
Peer averages: $100M–$500M cohort, 1069 credit unions, 2025Q4 filing.
Historical Financials
| Quarter | Assets | Members |
|---|---|---|
| 2026Q1 | $138.4M | - |
| 2025Q4 | $135.0M | 10,422 |
| 2024Q4 | $124.6M | 10,364 |
| 2023Q4 | $124.7M | 10,335 |
Credit Union Details
- Charter Number
- 8212
- Type
- Federal
- Field of Membership
- Community
- Peer Group
- $100M–$500M
- State
- Michigan
- City
- HOUGHTON
- Data Quarter
- 2025Q4
Branch Location
The NCUA branch filing lists a single physical office for BREAKWATER.
| Office | City |
|---|---|
| Main Branch/Corporate Offices (Main Office) | Houghton, 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.
BREAKWATER nationwide neighbourhoods
Similar total assets
Similar health score
Using this data
- BREAKWATER ranks #360 of 4,374 nationally on financial health and #10 of 171 in MI -- the national figure is a benchmark, not a prediction for how any specific account performs. National health rankings
- Integra First is a nearby credit union with a similar profile -- compare the two side by side before deciding where to bank. Compare with Integra First
Frequently Asked Questions
Is BREAKWATER financially healthy?
On its 2025Q4 NCUA 5300 filing, BREAKWATER scores 95/100 (Excellent), with a 13.33% net worth ratio and 0.41% of loans delinquent. It ranks #360 of 4,374 nationally on health and #10 of 171 in Michigan.
How does BREAKWATER compare to other credit unions?
BREAKWATER scores 95/100, higher than 90% of the 4,374 scored credit unions. Against the 1069 peers in the $100M–$500M cohort, its widest edge is net worth ratio (13.33% vs 12.11%). Its widest shortfall is loan-to-share ratio (70.04% vs 72.20%).
How can I join BREAKWATER?
BREAKWATER operates under a community charter, meaning membership is generally open to anyone who lives, works, worships, or attends school within its defined geographic service area, no employer or association tie required. Contact BREAKWATER directly for the exact boundaries and application steps.
Is my money safe at BREAKWATER?
BREAKWATER is a federal credit union; its shares are federally 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. BREAKWATER's net worth ratio of 13.33% exceeds the 7% threshold NCUA considers "well capitalized."
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.