BREAKWATER
Charter #8212 · HOUGHTON, MI · $100M-$500M
Public 5300 data · as of 2026Q1
What the numbers say
- Net worth ratio of 13.33% ranks in the 77th percentile among structurally similar credit unions — a relative strength.
- Return on average assets of 2.20% ranks in the 98th percentile among structurally similar credit unions — a relative strength.
- Net interest margin of 4.32% ranks in the 92nd percentile among structurally similar credit unions — a relative strength.
- Efficiency ratio of 58.82% ranks in the 2nd percentile among structurally similar credit unions — a relative strength.
- On Net charge-off ratio, the asset-size band puts this credit union at the 29th percentile but its structural peers at the 51st — a 22-point gap showing why the peer definition matters.
Headline ratios vs. peers
Two peer definitions side by side: the NCUA asset-size band, and Innorve's structural peers matched on loan mix, size, growth and geography.
| Metric | BREAKWATER | Asset-tier percentile | Structural percentile |
|---|---|---|---|
| Total assets | $138.35M | 25th pct | 28th pct |
| Members | 10,390 | 34th pct | 51th pct |
| Net worth ratio | 13.33% | 73th pct | 77th pct |
| Return on average assets | 2.20% | 98th pct | 98th pct |
| Net interest margin | 4.32% | 85th pct | 92th pct |
| Cost of funds | 0.53% | 20th pct | 31th pct |
| Loan-to-share | 66.59% | 39th pct | 41th pct |
| Delinquency 60+ days | 0.37% | 28th pct | 38th pct |
| Net charge-off ratio | 0.18% | 29th pct | 51th pct |
| Loan growth YoY | -4.44% | 8th pct | 7th pct |
| Share growth YoY | 4.89% | 70th pct | 66th pct |
| Efficiency ratio | 58.82% | 7th pct | 2th pct |
structural peer set hash: 8e0b75ba6a07bb2fc151c83d3faf44f0… (reproducible)
Closest structural peers
This is the free public view
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Source: public NCUA 5300 Call Report data, cycle 2026Q1. Figures are computed deterministically by Innorve and may differ from figures the institution reports elsewhere. This page is informational and is not endorsed by the credit union or the NCUA.