Company Information

Get to know Breakwater Federal Credit Union

Originally chartered in 1954 as the Iron Mountain-Kingsford Community Federal Credit Union, the organization rebranded to Breakwater Federal Credit Union in 2021. As a not-for-profit financial cooperative, it is owned and operated by its members. Its mission is to be a trusted financial partner, offering a range of services including savings and checking accounts, loans, and credit cards. Membership is open to anyone who lives, works, worships, or attends school in Dickinson, Iron, or Menominee Counties, Michigan, or Florence County, Wisconsin.

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Financial BankingPRIMARY
Financial Other Service

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Breakwater Federal Credit Union

United States

Founded in

1952 (74 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.