Applications / Mortgage Analytics / Lenders / New York / Municipal Credit Union
New York, NY · Credit union · NCUA · $4.9 billion assets · 1,203 loans in 2025
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1,203
loans originated, 2025
3,157
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Municipal Credit Union is a New York credit union whose lending grew faster than similar lenders' in 2025, with larger loans and far more of them in majority-minority areas than its peers.
Originations rose 21% to 1,203, against 8% at similar lenders (credit unions making between half and twice as many loans) and 10% for the whole market. That was higher than about three-quarters of its peers, and up from 557 five years before.
Its typical loan was $175,000, against $105,000 at peers, and jumbo loans (larger than the conforming limit) were 10.8% of its lending, against 1.0%, up from 0.4% five years before. Its dollar volume, $414.2 million, was higher than about nine in ten peers. Home-improvement and other-purpose loans were more than half its lending.
Majority-minority areas took 45.0% of its loans, against 10.2% at peers, though down from 62.2% five years before. LMI (low- and moderate-income) borrowers took 10.8%, among the lowest shares of its peers (27.7%). Its larger loans are one possible reason; its market, New York-Newark-Jersey City, where it has lent since before 1990, may be another. Its rate, 6.50%, was lower than peers' 7.00%, and its refinance denial rate, 9.4%, was lower than peers' 21.0%.
It ranked 82 of 802 lenders in New York-Newark-Jersey City and held 0.3% in Kiryas Joel-Poughkeepsie-Newburgh. In 2025 it made its first loans in Williamsport, Reading and Watertown-Fort Drum, each with a very small share.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Municipal Credit Union took 3,157 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 31.0% · Other 30.9% · Home improvement 26.8% · Refinance 11.2%
Conventional 100.0% · of 1,203 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 |
|---|---|---|
| New York | 867 | 72.1% |
| New Jersey | 281 | 23.4% |
| Connecticut | 33 | 2.7% |
| Pennsylvania | 22 | 1.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| New York-Jersey City-White Plains | 695 |
| Nassau County-Suffolk County | 173 |
| Newark | 137 |
| Lakewood-New Brunswick | 64 |
| Kiryas Joel-Poughkeepsie-Newburgh | 46 |
| Bridgeport-Stamford-Danbury | 20 |
| Camden | 9 |
| Hartford-West Hartford-East Hartford | 5 |
| New Haven | 5 |
| Albany-Schenectady-Troy | 4 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 2549006T9J2DMLJVRS64 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 210797 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 560153 | 1990–2017 |
Established 1 January 1917. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Municipal Credit Union's data.
Municipal Credit Union's data
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Municipal 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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