Blue Water Federal Credit Union

Overview / Commentary
526 WATER ST RM 113
PORT HURON, MI 48060-5463

Blue Water Federal Credit Union is headquartered in PORT HURON and is the 191st largest credit union in the state of Michigan. It is also the 3,572nd largest credit union in the nation. It was established in 1959 and as of December of 2019, it had grown to 3 employees and 1,310 members at 3 locations. Blue Water Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to postal and federal employees in Huron, St. Clair, Tuscola and Sanilac Counties in Michigan and in the towns of Memphis, Armada, New Baltimore, Mount Clemens, Richmond, New Haven, and Saint Clair Shores in Macomb County and the towns of Clifford, Imlay City and Lapeer in Lapeer County.
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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Blue Water Federal Credit Union has a low asset base.

Health Grade Components

NCUA #12906
Year Chartered1959
Primary Regulator
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD3.71%
Annual Interest Income$502.00K
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$15.7MM$14.3MM
LoansQ4 2019vs Q4 2018$9.6MM$9.0MM
DepositsQ4 2019vs Q4 2018$12.9MM$11.6MM
Equity CapitalQ4 2019vs Q4 2018$2.7MM$2.6MM
Loan Loss AllowanceQ4 2019vs Q4 2018$25.00K$16.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$0$0
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Blue Water Federal Credit Union Savings Account Rates

1.00%--IRA Regular Savings
0.15%*$200*-Regular Share Savings Account
OTHER TIERS: 0.10% Up to $200
0.15%*$200*-Special Account
OTHER TIERS: 0.10% Up to $200
0.15%--Holiday Savings Account

Blue Water Federal Credit Union Money Market Rates

0.25%$2.5k-Money Management Account

Blue Water Federal Credit Union CD Rates

1.00%$1k-3 Year Share Certificate
0.75%$1k-2 Year Share Certificate
0.50%$1k-1 Year Share Certificate
0.35%$500-6 Month Share Certificate

Blue Water Federal Credit Union IRA Rates

1.00%$1k-3 Year IRA Certificate
0.75%$1k-2 Year IRA Certificate
0.50%$1k-1 Year IRA Certificate
0.35%$500-6 Month IRA Certificate

Blue Water Federal Credit Union Locations
Branch Office526 WATER ST RM 113PORT HURON, MI 48060-5463
Branch Office3910 Lapeer RdPort Huron, MI 48060-2402
Branch Office3031 Airpark Dr NFlint, MI 48507-3471

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