Applications / Mortgage Analytics / Lenders / Minnesota / Blaze Credit Union
Falcon Heights, MN · Credit union · NCUA · $4.6 billion assets · 2,827 loans in 2025
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2,827
loans originated, 2025
4,286
applications, 2025
30
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Blaze Credit Union is mainly a home-improvement lender, and in 2025 it grew 22%, faster than more than four in five similar credit unions, reaching its highest loan count in the years shown.
Among similar lenders (credit unions making between half and twice as many loans), Blaze's 22% rise compares with 9% for the typical peer and 10% for the whole market. It made 2,827 loans against 1,841 five years before. Its 2024 merger with Hiway Credit Union may account for part of the rise since 2023.
Home improvement made up 35.8% of its loans and other purposes 22.3%, against 17.8% for purchases. All were conventional. Its typical rate, 6.38%, was lower than about four in five peers, and higher-priced loans (a rate well above the average for similar loans) were 0.4%, against 1.7%.
LMI (low- and moderate-income) borrowers took 35.4% of its loans, higher than nearly nine in ten peers, and LMI areas 18.7%, higher than more than four in five. Its share in majority-minority areas, 6.7%, was lower than about two-thirds of peers, which may reflect markets such as non-metro Minnesota, St. Cloud and Duluth.
In Minneapolis-St. Paul-Bloomington it ranks 21 of 688 lenders, with its share up from 1.1% to 1.4%; Bell Bank leads with $1.80B. Its share also rose in St. Cloud and Duluth.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Blaze Credit Union took 4,286 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 35.8% · Refinance 24.2% · Other 22.3% · Purchase 17.8%
Conventional 100.0% · of 2,827 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 |
|---|---|---|
| Minnesota | 2,694 | 95.3% |
| Wisconsin | 66 | 2.3% |
| Florida | 14 | 0.5% |
| Arizona | 6 | 0.2% |
| Iowa | 4 | 0.1% |
| Illinois | 4 | 0.1% |
| Colorado | 3 | 0.1% |
| Nebraska | 3 | 0.1% |
| Georgia | 2 | 0.1% |
| Michigan | 2 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 2,330 |
| St. Cloud | 44 |
| Duluth | 36 |
| Rochester | 17 |
| Cape Coral-Fort Myers | 5 |
| Mankato | 5 |
| Phoenix-Mesa-Chandler | 5 |
| Tampa | 5 |
| Rockford | 4 |
| Sioux Falls | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300QDGMFASKEN7Z77 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 626099 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 524356 | 1990–2014 |
| Respondent ID (the HMDA filer code before 2018) | 568651 | 2015–2017 |
Established 1 January 1934. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Blaze Credit Union's data.
Blaze Credit Union's data
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Blaze 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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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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