BREAKWATER FEDERAL CREDIT UNION

Welcome to Breakwater, where community and finance meet. Located at 700 E Sharon Ave, Houghton, MI 49931, our credit union has proudly served our members since 1952. With over 10,388 members benefiting from our services, we strive to create a welcoming environment that prioritizes your financial well-being. At Breakwater, we understand the importance of trust and transparency in banking. Our total assets stand at an impressive $123,243,825, ensuring that your finances are in safe hands. We offer a range of services tailored to meet the diverse needs of our members, including personal banking options like checking and savings accounts, auto loans, and credit cards with rewards. Under the leadership of CEO Paula Megowen and Board President Karl Benda, our dedicated team of 28 employees is committed to providing exceptional service every day. We believe in empowering our members through education and support, helping you make informed decisions about your financial future. For your convenience, we offer both online and mobile banking options, along with access to ATMs and drive-thru services. If you need assistance or have questions, feel free to reach out to us at 906-482-5005. While members can visit us at our branch location, official correspondence should be sent to the same address: 700 E Sharon Ave, Houghton, MI 49931-1618. Join us today at Breakwater where your financial journey begins! Visit our website at Breakwater FCU for more information on how we can serve you better.

At Breakwater, we take pride in our rich history and unwavering commitment to the community of Houghton, MI. Established in 1952, our branch has grown alongside its members, evolving into a trusted financial institution that serves over 10,000 members. Our address at 700 E Sharon Ave places us right in the heart of Houghton, a city known for its vibrant community spirit and beautiful surroundings. From our humble beginnings, Breakwater has become a significant player in the local financial landscape. With total assets reaching an impressive $123,243,825, we have continuously expanded our services to meet the changing needs of our members. Our mission is simple yet powerful: to provide accessible and affordable financial services while fostering a strong sense of community. We believe that when our members thrive, so does our community. Our operating hours are designed to accommodate your busy schedule Monday through Thursday from 7:30 AM until 5:30 PM, Friday until 6:00 PM, and Saturday from 9:00 AM until 1:00 PM. Whether you visit us for personal banking services like checking and savings accounts or loans for vehicles and mortgages, we're here to assist you every step of the way. Breakwater is not just about transactions; it's about building relationships. We offer essential features such as ATM availability and drive-thru banking for your convenience. Additionally, we are dedicated to embracing technology with online banking options that allow you to manage your finances from anywhere. While members can visit us at 700 E Sharon Ave Houghton Mi 49931, official correspondence should be sent to 700 E Sharon Ave, Houghton, MI 49931-1618. We value open communication; feel free to reach out at (906) 482-5005 if you have any questions or need assistance. As part of our mission to support the community, Breakwater actively engages in outreach efforts that strengthen local ties. We understand that our role goes beyond providing financial services; we strive to uplift those around us by partnering with local organizations and participating in community events. Join us at Breakwater and experience firsthand how we combine financial expertise with a genuine passion for helping our members succeed. Together, let's build a brighter future for Houghton!

Becoming a member of Breakwater is like stepping into a welcoming community where your financial well-being comes first. If you're looking to join us, you'll be glad to know that membership is open to anyone who lives, works, worships, or attends school in Houghton County and nearby areas. We believe in making banking accessible for everyone, and we encourage you to explore the benefits that come with being part of our family. From personalized service to competitive rates on loans and accounts, Breakwater is committed to supporting your financial journey. For more detailed information about eligibility requirements, please visit our website at https://www.breakwaterfcu.org/bank/membership/ . When you're ready to open an account, we've made the process simple and straightforward. You can easily get started by checking out the account opening details available here: https://www.breakwaterfcu.org/bank/new-account-resources/ . If you have any questions or need assistance, feel free to give us a call at (906) 482-5005. We're excited to welcome you to Breakwater, located at 700 E Sharon Ave Houghton Mi 49931, where your membership truly matters!

At Breakwater, we understand that managing your finances should be as easy and secure as possible. Our digital and online banking services are designed to give you the freedom to bank whenever and wherever you want. With 24/7 access to your accounts, you can stay on top of your finances without the hassle of traditional banking hours. One of the standout features is our user-friendly online banking platform, which you can explore at https://www.breakwaterfcu.org/ . Here, you can view your account balances, transfer money, pay bills, and even set up e-statements for quick and easy access to your financial documents. Plus, with electronic signature authorization available, signing documents has never been simpler or more secure. For those who love the convenience of mobile payments, we've got you covered! You can make payments right from your smartphone, making everyday transactions quick and easy. While we currently do not offer a dedicated mobile application, our website is fully optimized for mobile use, so you can manage your accounts on the go without missing a beat. Need to send money to a friend? With our person-to-person transfer feature, sending funds is a breeze. It's perfect for splitting bills or sending a little extra cash when someone needs it. Security is at the forefront of our digital services. We prioritize your safety with robust security measures in place to protect your information while you bank online. You can rest assured knowing that your personal data is safe with us. Experience the convenience of banking at your fingertips with Breakwater's online services today! Whether it's checking balances or transferring funds, we're here to make banking easier for you.

At Breakwater, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share that our financial strength reflects our commitment to serving you effectively and reliably. With a net worth of $14,172,162, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,150 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $15,734,281 in share certificates, offering stable and rewarding financial growth opportunities. We prioritize our members over traditional banking practices. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. Additionally, with $12,766,632 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. This proactive approach helps us achieve our mission while promoting your financial well-being. Our lending capacity supports your financial goals across various sectors. We have $1,637 in used auto loans and $83,942,578 in total loans and leases available to assist you. Our operational efficiency is reflected in our $0, which allows us to continue offering competitive loan rates and solid financial products for our members. At Breakwater, we take pride in having 27 full-time employees and 1 part-time employees ready to serve you with a knowledgeable, committed team. The trust placed in us by our community is evident with a total of 21,443 share accounts reflecting a strong member base. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Breakwater is your trusted partner. Visit us at 700 E Sharon Ave Houghton Mi 49931 or call (906) 482-5005 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.

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