Applications / Mortgage Analytics / Lenders / Michigan / Michigan First Credit Union
Lathrup Village, MI · Credit union · NCUA · $1.5 billion assets · 1,308 loans in 2025
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1,308
loans originated, 2025
2,511
applications, 2025
11
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Michigan First Credit Union lends to low- and moderate-income (LMI) borrowers and neighbourhoods far more than almost any credit union of its size, though its loan count slipped 4% in 2025.
LMI borrowers took 41.6% of its loans, more than almost all similar lenders (credit unions making between half and twice as many loans), whose typical share was 27.1%. LMI neighbourhoods took 33.5%, the highest among them, and majority-minority neighbourhoods 35.6%, against 10.2%.
Loans insured by the Federal Housing Administration (FHA) were 7.5% of its originations, while the typical similar lender made none. Its typical loan, $155,000, was larger than about three in four similar lenders.
It made 1,308 loans, down 4% from 1,364, while the typical similar lender grew 9%, placing it lower than more than four in five of them. It made 2,077 loans in 2020. The dollars it lent still rose, from $236.2 million to $260.0 million, as its typical loan rose from $125,000 to $155,000. The lower count may reflect fewer but larger loans, or a 2024 total lifted by its merger that year with Teamsters Credit Union.
Michigan is its main state, and it lent in 11 states and 31 metros. In 2025 it first lent in Oklahoma City, OK, Richmond, VA and Morristown, TN, each still very small.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Michigan First Credit Union took 2,511 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 50.4% · Refinance 23.8% · Home improvement 15.1% · Other 10.8%
Conventional 91.5% · FHA 7.5% · VA 0.8% · USDA (RHS or FSA) 0.2% · of 1,308 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 | 1,290 | 98.6% |
| Florida | 6 | 0.5% |
| Ohio | 4 | 0.3% |
| Arizona | 1 | 0.1% |
| Illinois | 1 | 0.1% |
| Kentucky | 1 | 0.1% |
| North Carolina | 1 | 0.1% |
| Oklahoma | 1 | 0.1% |
| Tennessee | 1 | 0.1% |
| Texas | 1 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Warren-Troy-Farmington Hills | 487 |
| Detroit-Dearborn-Livonia | 472 |
| Grand Rapids-Wyoming-Kentwood | 149 |
| Lansing-East Lansing | 24 |
| Ann Arbor | 21 |
| Flint | 19 |
| Monroe | 16 |
| Muskegon-Norton Shores | 14 |
| Jackson | 8 |
| Kalamazoo-Portage | 8 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300C6TQAJABMFOR79 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 549992 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 560522 | 1990–2017 |
Established 1 January 1926. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Michigan First Credit Union's data.
Michigan First Credit Union's data
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Michigan First 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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