Applications / Mortgage Analytics / Lenders / Illinois / Baxter Credit Union
Vernon Hills, IL · Credit union · NCUA · $6.3 billion assets · 3,223 loans in 2025
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3,223
loans originated, 2025
5,555
applications, 2025
49
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Baxter Credit Union lends nationwide from its Illinois base, reaching 49 states, and in 2025 it grew faster than most similar credit unions while making larger loans than most of them.
Originations rose 15% to 3,223, higher than about two-thirds of similar lenders (credit unions making between half and twice as many loans), whose typical growth was 9%, and above the whole market's 10%. Its $881.1 million in loans was higher than more than four in five peers. It is still about half the 6,322 loans of 2020.
Its loans reached 251 metros and 639 counties, yet in none of its largest markets is it a leader: it ranks 68 of 902 in Chicago-Naperville-Elgin and 49 of 688 in Minneapolis-St. Paul-Bloomington, where its share rose 0.1 points to 0.5%.
Its typical loan was $155,000 against $105,000, higher than three in four peers. Jumbo loans (larger than the conforming limit) rose to 9.5% from 5.3%, against 1.2% at peers, higher than nearly nine in ten.
Low- and moderate-income (LMI) borrowers took 17.7% of its loans, against 27.6%, lower than about nine in ten peers, and LMI tracts 12.0%, lower than three in four. One possible reason is its larger loans and jumbo lending. Yet 18.1% of loans were in majority-minority tracts, against 9.1%, higher than about two-thirds of peers.
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Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Baxter Credit Union took 5,555 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 29.2% · Home improvement 27.9% · Refinance 21.5% · Other 21.4%
Conventional 100.0% · of 3,223 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Illinois | 917 | 28.5% |
| Minnesota | 494 | 15.3% |
| California | 229 | 7.1% |
| Florida | 150 | 4.7% |
| Wisconsin | 118 | 3.7% |
| North Carolina | 115 | 3.6% |
| Ohio | 89 | 2.8% |
| Georgia | 88 | 2.7% |
| Indiana | 76 | 2.4% |
| Tennessee | 75 | 2.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Chicago-Naperville-Schaumburg | 513 |
| Minneapolis-St. Paul-Bloomington | 467 |
| Lake County | 332 |
| Anaheim-Santa Ana-Irvine | 80 |
| Columbus | 56 |
| Atlanta-Sandy Springs-Roswell | 49 |
| Nashville-Davidson--Murfreesboro--Franklin | 47 |
| Elgin | 46 |
| Kenosha | 44 |
| Phoenix-Mesa-Chandler | 42 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300S8SHBRCI7UU819 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 858975 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 568187 | 1996–2017 |
Established 1 January 1980. Reported under HMDA 1996-2025.
Mergers, name changes, data editions and corrections: Baxter Credit Union's data.
Baxter Credit Union's data
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Baxter Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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