Breakwater
Verified Information
NCUA Insured
Member-Owned
1 charter
Established in 1952
Contact this credit union directly for detailed information about membership eligibility and current rates.
Membership Eligibility
Anyone who lives, works, or worships in or around Houghton, MI may be eligible to join. Community credit unions are open to the general public within their service area.
Check eligibility on their website →Verified Information
NCUA Insured — deposits protected up to $250,000
Member-Owned — not-for-profit cooperative
1 charter
Established in 1952
Low-Income Designated
Contact this credit union directly for detailed information about membership eligibility, current rates, and services.
Services Offered
Location & Directions
Service Area
This credit union is located in Houghton and serves members in the MI area. Currently serving 10,422 members.
Membership Info:
Contact the credit union to confirm membership eligibility requirements for your area.
Note on Membership
Credit union membership is based on a common bond. Contact this credit union directly to confirm you qualify for membership.
Financial Health
Q4 2025 · NCUAKey indicators from NCUA regulatory filings. Tap any metric to learn what it means.
Source: NCUA Federally Insured Credit Unions list, Q4 2025.
Loan Rates
Rates sourced from NCUA call report data (Q4 2025). Contact the credit union for current rates and terms.
New Auto Loan
5.34%Used Auto Loan
6.94%Personal Loan
11.49%Credit Card APR
9.84%Important: Rates are sourced from NCUA call report filings (Q4 2025) and reflect averages reported by the credit union — not guaranteed quotes. Contact the credit union directly for current rates and terms.
Your actual rate will vary based on your credit score, loan term, and financial profile. Personal loans and credit cards tend to see the most variation.
Best Rates in MI
Lowest rates currently reported by credit unions in MI (NCUA Q4 2025).
Wyandotte, MI
Onaway, MI
Detroit, MI
Niles, MI
Rates from NCUA regulatory filings. Contact credit unions directly for current rates.
Branches & Locations(1 total)
Member Reviews
4.2
51 Google reviews
Reviews sourced from Google Maps. Ratings reflect member experiences at this credit union.
View on Google Maps
Stelle Barone
4 months ago
I love my bank. The folks are always responsive and respectful. Even in a tough conversation about loans, they make sure to explain every detail but not talk down to you. The only downside is that their oustide deposit ATMs break somewhat often, but I don't mind that much. We used to not have a deposit option at all haha.
YooperInNM
5 months ago
More than ranking BFCU, I want to applaud them for having an awesome banking app! It is the best I have used, and the feature of being able to categorize and annotate transactions makes the app outstanding. I wish my other financial institutions would follow suit!
Keweenaw Annie
9 months ago
Every. Single. Person. Here. Goes above and beyond. I’ve had my personal & business accounts with these folks since moving here (from Marquette) in 2006. Prior banking institutions were, at best, impersonal and professional. The heart of the true meaning of _community_ is alive and well and beating at this credit union.
Susan Nielsen
9 months ago
Marya walked me through every step of my loan process slowly and explained everything. She was kind and professional and very upbeat. It is great to know we have this amazing team in our community. They really do want to help people, not just make a buck!
shelie imbrunnone
11 months ago
I had a huge issue today with my car insurance trying to pull a payment twice. Lisa & another banker were so patient with me even though I was upset about the charges… this is why I have banked with them for almost 20 years. No matter the issue, they are able to handle it with grace even when dealing with someone who is being emotional. If I could give you guys 100 stars, I would! Thank you for your help and for fixing my account so quickly! I appreciate you and am so grateful!
Contact Tips
Best Time to Call
Weekdays 9am–4pm typically have the shortest wait times for new member inquiries.
What to Ask
- • Current loan rates & terms
- • Membership eligibility requirements
- • Minimum deposit to open an account
- • Online & mobile banking features
NCUA Insured
Your deposits are federally insured up to $250,000 per account category by the National Credit Union Administration (NCUA).
Key Information
Phone
(906) 482-5005Website
Visit WebsiteMembers
10,422
Total Assets
$135.0M
Year Opened
1952
Net Worth
Well Capitalized
Designations
Official NCUA Data
All data sourced from the National Credit Union Administration (NCUA).
View NCUA Profile