HOUGHTON, Mich.–Michigan Tech Employees Credit Union has a new name.
The $125-million CU is now Breakwater Federal Credit Union.
In a statement, BFCU CEO David Rautiola said the name reflected the organization’s original field of membership when it was chartered in 1952.
“Over the years, the scope of the credit union expanded. It’s long been open to anyone who lives or works in Houghton, Keweenaw and Baraga Counties, but the MTU name still implied some limitations,” Rautiola told KennesawReport.com. “We really just got to a point where we wanted to make sure we were able to communicate, through our name included, with anyone that is here in the community, is moving into the community, that you can do business with us.”