Applications / Mortgage Analytics / Lenders / Colorado / Canvas Credit Union
Lone Tree, CO · Credit union · NCUA · $5.0 billion assets · 2,944 loans in 2025
Canvas Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
2,944
loans originated, 2025
4,919
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Canvas Credit Union is a Colorado lender whose loans are mostly for home improvement and other purposes, and in 2025 it grew 6%, slower than the typical similar credit union, still well below its 2021 peak.
Home improvement made up 35.7% of its loans and other purposes 31.5%; purchases were 16.6% and refinancing 16.1%. It lends in 4 states, mainly Colorado, and ranks 16 of 754 lenders in Denver-Aurora-Centennial, with a 1.2% share, unchanged.
Among similar lenders (credit unions making between half and twice as many loans), its typical rate of 7.89% was higher than about nine in ten; the typical peer's was 6.99%. Its mix may account for this: home-improvement and other-purpose loans, about two-thirds of its lending, often carry higher rates than first mortgages. Its rate was 9.39% the year before.
Jumbo loans (larger than the conforming limit) were 5.9% of its loans, against 1.2% for the typical peer. LMI (low- and moderate-income) areas took 18.2%, higher than about four in five peers, while its LMI borrower share, 27.8%, was near the middle.
It made 5,656 loans in 2021 and 2,577 in 2023, then 2,944 in 2025. Its 6% rise compares with 9% for the typical peer and 10% for the whole market. The 2021 peak came when its typical rate was far lower (4.14% in 2020, against 7.89% now), which may have lifted demand.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Canvas Credit Union took 4,919 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 35.7% · Other 31.5% · Purchase 16.6% · Refinance 16.1%
Conventional 99.8% · VA 0.2% · of 2,944 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 |
|---|---|---|
| Colorado | 2,939 | 99.8% |
| Wyoming | 3 | 0.1% |
| New Mexico | 1 | 0.0% |
| Utah | 1 | 0.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Denver-Aurora-Centennial | 1,927 |
| Fort Collins-Loveland | 438 |
| Greeley | 247 |
| Grand Junction | 98 |
| Colorado Springs | 70 |
| Boulder | 55 |
| Pueblo | 13 |
| Cheyenne | 3 |
| Farmington | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300E3QJQLKVB40W93 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 863399 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 564778 | 1990–2017 |
Established 1 January 1938. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Canvas Credit Union's data.
Canvas Credit Union's data
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Canvas 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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