Applications / Mortgage Analytics / Lenders / Massachusetts / Workers Federal Credit Union
Littleton, MA · Credit union · NCUA · $2.5 billion assets · 1,233 loans in 2025
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1,233
loans originated, 2025
1,795
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Workers Federal Credit Union is a Massachusetts credit union whose originations rose 36% in 2025, faster than about nine in ten similar credit unions, with gains in Worcester.
Originations rose 36% to 1,233, against 9% for similar lenders (credit unions making between half and twice as many loans) and 10% for the whole market. That is above the 1,159 loans of 2020, though below the 1,447 of 2022. Dollar volume more than tripled, from $159.6 million to $537.9 million, as its typical loan rose from $110,000 to $315,000, larger than at nearly all similar lenders.
Its share rose 0.2 points to 1.3% in Worcester, where it ranked 16 of 451 lenders, and 0.1 points to 0.4% in Manchester-Nashua, where it ranked 50 of 344. It ranked 23 of 664 in Boston.
Home purchases were 38.7% of its loans, refinances 31.1% and home improvement 22.4%. Its typical rate, 6.38%, was lower than at about four in five peers, against 7.00%, and 0.0% of its loans were higher-priced (a rate well above the average for similar loans), against 1.5%. It turned down 2.9% of home-purchase applications, against 6.3%.
LMI (low- and moderate-income) areas took 23.1% of its loans, against 14.9%, higher than at more than nine in ten peers, and majority-minority areas 14.8%, up from 7.3%. LMI borrowers took 22.9%, against 27.6%, down from 27.7% in 2024; its larger loans and the make-up of its markets are possible reasons.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Workers Federal Credit Union took 1,795 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 38.7% · Refinance 31.1% · Home improvement 22.4% · Other 7.8%
Conventional 100.0% · of 1,233 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 |
|---|---|---|
| Massachusetts | 1,127 | 91.4% |
| New Hampshire | 103 | 8.4% |
| Rhode Island | 2 | 0.2% |
| Connecticut | 1 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Cambridge-Newton-Framingham | 504 |
| Worcester | 352 |
| Boston | 209 |
| Manchester-Nashua | 54 |
| Rockingham County-Strafford County | 26 |
| Providence-Warwick | 17 |
| Barnstable Town | 7 |
| Springfield | 5 |
| Amherst Town-Northampton | 3 |
| Hartford-West Hartford-East Hartford | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900MSO8KVQ05D2J27 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 150491 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 566479 | 1992–2017 |
Established 1 January 1914. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Workers Federal Credit Union's data.
Workers Federal Credit Union's data
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Workers Federal 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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