Credit union · NCUA insured
Blue Water Federal Credit Union
A $19.9M credit union headquartered in Port Huron, MI, with 1,214 members and 1 branch in Michigan. Best rates: CDs 3.56% and savings 0.15% APY.
Blue Water Federal Credit Union Carrot Score
72
Carrot Score
Higher than 32% of U.S. banks and credit unions
#59 of 75 in Detroit, MI metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Blue Water Federal Credit Union
Founded in 1959 by postal worker Dean Streeter and co-workers to benefit postal and federal employees, Blue Water Federal Credit Union is a member-owned cooperative.
The credit union serves federal and postal employees working in designated Michigan counties and towns, focusing on helping them and their families meet their financial needs.
- Headquarters
- 526 Water St Rm 113, Port Huron, MI 48060-5463
- NCUA charter
- 12906
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Military, government and schools
- Federal employees working in specified counties (St. Clair, Huron, Sanilac, Tuscola) or towns (Armada, Memphis, Mt. Clemens, New Baltimore, New Haven, Richmond, St. Clair Shores, Clifford, Imlay City, Lapeer) are eligible for membership.
Family and household
- Immediate family members of a current credit union member are eligible for membership.
- Immediate family members of an individual eligible to become a credit union member are eligible for membership.
Branches
1 branch in Michigan
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Michigan
1 branch
- Blue Water Federal Credit UnionMain office526 Water St, Rm 113, Port Huron, MI 48060Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 14.42% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.23% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.76% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $48 | $59 | — |
- CapitalNet worth ratio14.42%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.23%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.76%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$48Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Blue Water Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.