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Advertiser Disclosure
Some institutions listed may have a business relationship with MonitorBankRates. Our proprietary systems independently track and verify all rates. Advertiser relationships do not influence our Safety Ratings, Star Ratings, Texas Ratio calculations, or the rates shown.
 Breakwater Federal Credit Union Rates & Review September 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
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Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated and Verified: September 10, 2026
Breakwater Federal Credit Union's Personal Loan Rates are at 6.50%. MonitorBankRates evaluates the financial stability of Breakwater Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 1.66%. Rates last updated and verified on 09/10/2026. Breakwater Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Breakwater Federal Credit Union? Share your experience about Breakwater Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Breakwater Federal Credit Union. Breakwater Federal Credit Union
Main Branch/Corporate Offices 700 E Sharon Ave
https://www.breakwaterfcu.org Houghton, MI 49931-1618 
Breakwater Federal Credit Union Home Equity & HELOC
Breakwater Federal Credit Union Auto Loan Rates
Breakwater Federal Credit Union Personal Loan Rates
Financial Health HistoryBreakwater Federal Credit Union’s Texas Ratio stayed near 1.55% in Q2 2023 to 1.66% in Q1 2026, so its financial health has stayed very strong over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier; the amber line marks the 15% level a credit union must stay under to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures. Swipe the chart sideways to see every quarter.
Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy threshold
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How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops. Show the quarterly figures
Source: NCUA 5300 call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.
Methodology & Data SourcesMonitorBankRates Star Rating
Our rating for Breakwater Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.
Texas Ratio
We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.
Rate Data Aggregation
We gather Breakwater Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with Breakwater Federal Credit Union's official website for the most current offers and terms.
Credit Union Profile & Overview
Credit Union Name
Breakwater Federal Credit Union
Website
https://www.breakwaterfcu.org
Address
700 E Sharon Ave,
Houghton, MI 49931-1618
Phone
906-482-5005
Fax
906-482-2451
President
Stephen Patchin
CEO
Paula Megowen
Full-Time Employees
26
Part-Time Employees
2
Branch Locations
1
ATM Locations
1
NCUA Insured
✓ Yes — Up to $250,000 per depositor
FinancialsMonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A+ (99/100)
Texas Ratio
1.66%
Return on Assets (ROA)
0.5434%
Return on Equity (ROE)
4.2330%
Non-Performing Loans Ratio (NPL)
0.37%
Total Assets
138,350,752
Total Amount of Shares and Deposits
120,183,087
Total Shares and Deposits < 1 Year
119,519,604
Total Shares and Deposits 1 3 Years
460,690
Total Shares and Deposits > 3 Years
202,793
Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)
1,226,856
Total Uninsured Shares and Deposits > $250K (F+J)
1,226,856
Total Insured Shares and Deposits > $250K (item 17 less item K)
118,956,231
Total Interest Expense (Sum of items 6 8)
160,338
Share Certificates
551
Number of Accounts for Share Drafts
7,577
Number of Accounts for Regular Shares
13,732
All other shares
56
Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)
Well Capitalized
Net Worth Classification if credit union is a new credit union
Well Capitalized
Total Cash on Deposit (Amounts Deposited in Financial Institutions)
12,312,971
Total Liabilities
121,396,817
Source: NCUA — Last Updated 03/31/2026
Customer Reviews
There are no reviews for Breakwater Federal Credit Union yet. Feel free to create one below.
Looking for more bank and credit union reviews?
Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.
Add Your Rating and Review for Breakwater Federal Credit Union
Frequently Asked Questions About Breakwater Federal Credit UnionHow many branches does Breakwater Federal Credit Union operate?Breakwater Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes. Is a member application needed to join Breakwater Federal Credit Union?Yes, to access services at Breakwater Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations. Is there a first-time homebuyer program?Currently, Breakwater Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing. Are credit management and repair services offered?While formal credit repair services are not currently listed, Breakwater Federal Credit Union provides members with tools to manage their accounts and build a solid financial history. Does Breakwater Federal Credit Union offer online and mobile banking?Most modern institutions like Breakwater Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.breakwaterfcu.org. Compare to Other Credit Unions
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