At Breakwater, established in 1952 and headquartered in Houghton, MI, our mission is to empower our members through exceptional financial services and community-focused initiatives. Under the leadership of CEO Paula Megowen and Board President Karl Benda, we are dedicated to fostering a member-first approach that prioritizes trust and accessibility. We understand the unique needs of our community, including military members, and strive to provide tailored solutions that promote financial well-being.

As a federally insured credit union since January 4, 1971, we offer a robust suite of modern banking tools designed for your convenience. Our services include online banking, e-statements, mobile payments, and person-to-person transfers. While we currently do not have a mobile application, our commitment to innovation ensures that our members can manage their finances with ease and security. At Breakwater, we invite you to explore how we can help you achieve your financial goals by visiting us at https://www.breakwaterfcu.org/ or contacting us via fax at 9064822451.

At Breakwater, we understand that managing your finances can be a journey filled with both everyday needs and significant life milestones. That's why we offer a comprehensive suite of financial services designed to empower our members. From personal banking options like checking and savings accounts to specialized lending solutions such as auto loans and mortgages, our goal is to provide tailored financial support for every stage of your life. Our business banking services, including merchant services and business loans, are crafted to help small businesses thrive in a competitive marketplace.

In today's fast-paced world, convenience is key. With our robust online banking platform, you can manage your finances anytime, anywhere. Whether you're transferring money through our person-to-person tools or making payments via mobile, we ensure that banking is accessible at your fingertips. Our electronic statements and e-signature capabilities make it easier than ever to stay organized while keeping track of your financial journey. For those considering new loans or refinancing options, visit https://www.lendmesh.com/loans/vehicle_loans for comparative insights tailored to your needs. Becoming a member is straightforward; check your eligibility at https://www.breakwaterfcu.org/bank/membership/ and take the first step towards a brighter financial future. If you have any questions or need personal assistance, feel free to reach us at (906) 482-2451—we're here to help!

Breakwater is more than just a financial institution; it's a trusted partner in the financial journeys of our members. With a strong Total Membership of 10,388, we have built a community where individuals and families can feel secure in their financial decisions. Our commitment to excellence is reflected in our robust Total Assets, which stand at 123,243,825, showcasing our stability and reliability in an ever-changing economic landscape.

The foundation of Breakwater's success lies in our dedication to serving our members with transparency and integrity. Our Net Worth of 14,172,162 demonstrates our sound financial health, while our impressive Net Worth Ratio of 1,150 further emphasizes our commitment to maintaining a solid capital base that supports sustainable growth and member benefits. We understand that trust is earned, which is why we continually strive to provide superior service and support.

We take pride in managing Total Deposits amounting to 566,389, indicating the confidence our members place in us to safeguard their funds. With a focus on responsible lending, our Total Loans and Leases reach 5,833, empowering our members to achieve their financial goals, whether it's purchasing a new vehicle or investing in personal projects. The significant volume of Credit Card Loans, currently at 528, alongside our Auto Loan Volume of 3,274, highlights the diverse financing options we offer tailored to meet various needs.

Our team of dedicated professionals, totaling 28 employees, works tirelessly to ensure that every member experiences exceptional service and support. As we continue to grow and adapt to the needs of our community, we remain committed to fostering long-term relationships built on trust and mutual respect.

At Breakwater, we believe that informed decisions lead to better financial outcomes. That's why we encourage you to explore your options by comparing real-time loan offers today at https://www.lendmesh.com/loans/vehicle_loans and find the best rates for your needs. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov . Join us at Breakwater, where your financial well-being is our top priority.