Breakwater
Breakwater is a credit union based in Houghton, Michigan, established in 1952, with $138 million in total assets serving 10,390 members. By Trust Grade it ranks 12th of 170 credit unions we track in Michigan. Its net worth ratio of 13.3% is stronger than 75% of similarly sized credit unions, versus a Michigan median of 11.7%. It was profitable over the most recent period, with a 2.17% return on assets. No consumer complaints against Breakwater appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Breakwater compares to Michigan peers
How we graded Breakwater
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (13.3% capital ratio)
- Strongly profitable (ROA 2.17%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Breakwater over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Breakwater insured?
Yes. Breakwater is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Breakwater: frequently asked questions
Is Breakwater a good credit union?
Breakwater earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (13.3% capital ratio); Strongly profitable (ROA 2.17%).
Is Breakwater NCUA-insured?
Yes. Breakwater is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Breakwater?
Breakwater holds $138 million in total assets, ranking 12th of 170 credit unions we track in Michigan. It serves 10,390 members.
Does Breakwater have CFPB complaints?
No CFPB complaints against Breakwater appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
