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 189th largest credit union in the state of Michigan. It is also the 3,573rd largest credit union in the nation. It was established in 1959 and as of June of 2020, it had grown to 3 employees and 1,290 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 - YTD0.49%
Return on Equity - YTD2.88%
Annual Interest Income$245.00K
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$16.6MM$14.7MM
LoansQ2 2020vs Q2 2019$9.6MM$9.5MM
DepositsQ2 2020vs Q2 2019$13.8MM$11.9MM
Equity CapitalQ2 2020vs Q2 2019$2.7MM$2.6MM
Loan Loss AllowanceQ2 2020vs Q2 2019$25.00K$23.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$21.00K$0
Real Estate OwnedQ2 2020vs Q2 2019$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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