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 198th largest credit union in the state of Michigan. It is also the 3,700th largest credit union in the nation. It was established in 1959 and as of December of 2018, it had grown to 3 employees and 1,347 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.
See current membership details


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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 - YTD0.58%
Return on Equity - YTD3.2%
Annual Interest Income$460.00K
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$14.3MM$14.3MM
LoansQ4 2018vs Q4 2017$9.0MM$8.8MM
DepositsQ4 2018vs Q4 2017$11.6MM$11.7MM
Equity CapitalQ4 2018vs Q4 2017$2.6MM$2.5MM
Loan Loss AllowanceQ4 2018vs Q4 2017$16.00K$20.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$0$0
Real Estate OwnedQ4 2018vs Q4 2017$0$0

Rates for Blue Water Federal Credit Union are currently being reviewed.


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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