Applications / Mortgage Analytics / Lenders / Washington / WSECU
Olympia, WA · Credit union · NCUA · $5.1 billion assets · 2,130 loans in 2025
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2,130
loans originated, 2025
4,352
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
WSECU is a Washington credit union, sixth in Olympia-Lacey-Tumwater, whose loans are mostly for home improvement and refinance, with originations up 9% in 2025.
It ranked 6 of 303 lenders in Olympia-Lacey-Tumwater, with a share of 3.4%, against 3.5% a year earlier; its originations grew 9% while the whole market grew 10%, which may account for the small fall. In Spokane-Spokane Valley its share rose to 0.7% from 0.6%, ranking 34 of 346.
Home improvement made up 35.8% of its lending and refinance 29.8%, against 12.1% for purchase. Its typical loan was $105,000, against $120,000 at similar lenders (credit unions making between half and twice as many loans) and $195,000 five years earlier.
FHA loans (insured by the Federal Housing Administration) were 2.1% and VA loans (guaranteed by the Department of Veterans Affairs) 0.5%, against 0.0% for each at similar lenders. 3.8% of its loans were for manufactured homes, against 0.4%, higher than nine in ten similar lenders. 0.5% were higher-priced (a rate well above the average for similar loans), against 1.7%.
It made 2,130 loans in 2025, against 1,960 a year earlier and 3,206 in 2020; similar lenders grew 11%. Its originated amount was $395.6 million, against $708.3 million five years earlier. Its typical rate was 3.38% in 2020 against 7.24% in 2025, and the lower rates of 2020 may account for much of the higher volume then.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. WSECU took 4,352 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 35.8% · Refinance 29.8% · Other 22.4% · Purchase 12.1%
Conventional 97.5% · FHA 2.1% · VA 0.5% · of 2,130 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 |
|---|---|---|
| Washington | 2,088 | 98.0% |
| Oregon | 23 | 1.1% |
| Idaho | 19 | 0.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Olympia-Lacey-Tumwater | 687 |
| Seattle-Bellevue-Kent | 305 |
| Tacoma-Lakewood | 253 |
| Spokane-Spokane Valley | 198 |
| Everett | 127 |
| Yakima | 79 |
| Portland-Vancouver-Hillsboro | 32 |
| Bremerton-Silverdale-Port Orchard | 22 |
| Kennewick-Richland | 12 |
| Mount Vernon-Anacortes | 10 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493000FWM3I2HHQY149 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 608198 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 560042 | 1991–2017 |
Established 1 January 1957. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: WSECU's data.
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