Applications / Mortgage Analytics / Lenders / Michigan / DFCU Financial
Dearborn, MI · Credit union · NCUA · $7.8 billion assets · 3,280 loans in 2025
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3,280
loans originated, 2025
4,862
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
DFCU Financial, a Dearborn, Michigan credit union with a growing Florida presence, made 19% more loans in 2025, faster than three in four similar credit unions.
Originations rose 19% to 3,280, against 9% for similar lenders (credit unions making between half and twice as many loans) and 10% for the whole market. It now makes more loans than five years before, when it made 2,707, and is close to its 2021 level of 3,288.
It ranks 76 of 925 in Tampa-St. Petersburg-Clearwater and merged with First Citrus Bank in 2023. In Naples-Marco Island, entered in 2023, its share rose 0.3 points to 0.4%. At home it ranks 14 of 599 in Detroit-Warren-Dearborn, and its Ann Arbor share rose 0.7 points to 2.1%.
Its typical rate of 6.25% compared with 7.00% at peers, lower than about four in five. It turned down 1.1% of home-purchase applications and 7.0% of refinance applications, against 6.5% and 18.6%, both among the lowest few.
Low- and moderate-income (LMI) tracts took 10.5% of its loans, against 14.7%, lower than about nine in ten peers; possible reasons are the neighbourhoods its markets cover or its newer Florida markets. Its share to LMI borrowers, 25.1%, and to majority-minority tracts, 10.1%, sit near the middle.
Questions the data can answer next
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. DFCU Financial took 4,862 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 33.7% · Purchase 26.3% · Other 22.2% · Refinance 17.8%
Conventional 100.0% · of 3,280 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 |
|---|---|---|
| Michigan | 2,985 | 91.0% |
| Florida | 295 | 9.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Detroit-Dearborn-Livonia | 1,390 |
| Warren-Troy-Farmington Hills | 848 |
| Ann Arbor | 232 |
| Grand Rapids-Wyoming-Kentwood | 186 |
| Tampa | 139 |
| Lansing-East Lansing | 86 |
| Monroe | 69 |
| St. Petersburg-Clearwater-Largo | 40 |
| Naples-Marco Island | 30 |
| Jackson | 21 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300W6K140RN8NQB93 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 29980 | 2004–2023 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 720296 | 2004–2006 |
| Respondent ID (the HMDA filer code before 2018) | 561844 | 1992–2017 |
Established 1 January 1936. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: DFCU Financial's data.
DFCU Financial's data
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DFCU Financial 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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