Breakwater Federal Credit Union
Total assets
$138.4M
▲ +8.1% YoY
Shares & deposits
$120.2M
▲ +6.1% YoY
Loans
$80.0M
▼ -1.8% YoY
Members
10,390
▲ +0.1% YoY
ROA (annualized)
2.17%
peers 0.69%
ROE (annualized)
16.93%
peers 5.95%
Peer comparison 1,070 credit unions with 100M-500M in assets
| Metric | This credit union | Peer median | Δ |
|---|---|---|---|
| Asset growth (YoY) | +8.1% | +3.9% | +4.2 pts |
| Share growth (YoY) | +6.1% | +3.3% | +2.8 pts |
| Loan growth (YoY) | -1.8% | +2.9% | -4.7 pts |
| ROA | 2.17% | 0.69% | +1.5 pts |
| ROE | 16.9% | 5.9% | +11.0 pts |
ROA ranks in the 98th percentile of its peer group · Q1 2026
Profile
- Established
- 1952
- Charter
- FCU
- Primary regulator
- NCUA
- NCUA peer group
- Peer group 5
- Address
- 700 E Sharon Ave, Houghton, MI, 49931
- NCUA charter #
- 8212
- RSSD ID
- 517384
- Latest call report
- Q1 2026
Total assets last 8 quarters
Members last 8 quarters
Quarterly financials NCUA 5300 call report
| Quarter | Assets | Shares | Loans | Net worth | Net income YTD | ROA | NIM | Delinquency | Members |
|---|---|---|---|---|---|---|---|---|---|
| Q1 2026 | $138.4M | $120.2M | $80.0M | $17.8M | $752K | 2.17% | 4.27% | 0.37% | 10,390 |
| Q4 2025 | $135.0M | $117.8M | $82.5M | $17.0M | $2.4M | 1.76% | 3.95% | 0.41% | 10,422 |
| Q3 2025 | $131.5M | $114.6M | $83.7M | $16.3M | $1.6M | 1.67% | 3.93% | 0.33% | 10,433 |
| Q2 2025 | $130.6M | $114.5M | $83.0M | $15.6M | $984K | 1.51% | 3.81% | 0.17% | 10,415 |
| Q1 2025 | $128.0M | $113.3M | $81.5M | $15.1M | $457K | 1.43% | 3.77% | 0.19% | 10,380 |
| Q4 2024 | $124.6M | $111.2M | $82.1M | $14.6M | $1.5M | 1.19% | 3.43% | 0.49% | 10,364 |
| Q3 2024 | $123.2M | $109.8M | $83.9M | $14.2M | $1.0M | 1.10% | 3.38% | 0.59% | 10,388 |
| Q2 2024 | $127.8M | $114.9M | $85.2M | $13.8M | $593K | 0.93% | 3.17% | 0.38% | 10,349 |
Loan mix (Q1 2026): real estate $39.8M · commercial $0 · consumer $22.0M · securities $41.7M
Ratio pack Q1 2026 · peer medians from 1070 institutions
Profitability
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Return on assets Annualized net income ÷ assets | 2.17% | 0.69% | 98th | |
Return on equity Annualized net income ÷ equity or net worth | 16.9% | 5.9% | 99th | |
Net interest margin Interest income − interest expense, ÷ assets | 4.27% | 3.62% | 84th | |
Efficiency ratio Operating expense ÷ revenue — lower is leaner | 58.8% | 78.7% | 7th | |
Non-interest income share Fees and other income as a share of total revenue | 00.0% | 00.0% | ||
Cost of funds Annualized interest expense ÷ deposits | 00.0% | 00.0% |
Balance sheet
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Loan-to-deposit Loans ÷ deposits (shares). Above ~90% needs funding; below ~60% needs loan demand | 00.0% | 00.0% | ||
Loans-to-assets How much of the balance sheet is lent out | 00.0% | 00.0% | ||
Securities-to-assets Investment portfolio as a share of assets | 00.0% | 00.0% | ||
Cash-to-assets On-balance-sheet liquidity | 00.0% | 00.0% |
Capital
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Capital ratio Tier 1 capital (banks) or net worth (CUs) ÷ assets. NCUA well-capitalized line: 7% | 00.0% | 00.0% |
Credit quality
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Nonperforming / delinquency Banks: nonperforming assets ÷ assets. CUs: 60+ day delinquent loans ÷ loans | 00.0% | 00.0% | ||
Net charge-off rate Annualized charge-offs net of recoveries ÷ loans | 00.0% | 00.0% | ||
CRE concentration Commercial real estate loans ÷ capital. Regulators flag banks above 300% | 00.0% | 00.0% |
Franchise
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Loans per member Member borrowing depth | 00.0% | 00.0% | ||
Deposits per member Member relationship depth | 00.0% | 00.0% |
12 more ratios, with trends and peer percentiles.
See Pro plan →The full ratio pack is part of CharterBench Pro.
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