BREAKWATER Credit Union Profile
Showing details for BREAKWATER Credit Union.
Credit Union Profile for: BREAKWATER
BREAKWATER
Headquarters Contact & Staff
Contact & Info
Phone: (906) 482-5005
Fax: (906) 482-2451
Founding Date: N/A
Website: https://www.breakwaterfcu.org
Personnel & Operations
President: Benda, Karl
Manager: Megowen, Paula
FT Employees: 27
PT Employees: 0
Designations & Ratios
MDI Status: No
RBC Ratio: 0%
Membership Type: 00
Branches: 1
Hours: MONDAY THROUGH THURSDAY = 7:30 AM UNTIL 5:3
Credit Union Profile Summary
BREAKWATER is a FCU Credit Union. With a total of 10,415 members [1], this institution manages approximately $130,619,303 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 12.38% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -2.55% [1].
Financial Snapshot
Performance Ratios
This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.
Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.
Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.
Four-Quarter Growth
Indicates change in total size. Positive growth means the credit union is expanding its operations.
Shows change in lending activity. Positive growth means they are actively increasing their lending business.
Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.
Headquarters Location & Map
Member Ratings & Reviews
Average Member Rating:
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Branch Locations
Found 1 branches reported by BREAKWATER (Charter #8212).
Main Office
Main Branch/Corporate Offices Main Office
700 E Sharon Ave
Houghton, MI 49931-1618
Phone: (906) 482-5005
Services: Member Services, ATM, Drive-Thru