Applications / Mortgage Analytics / Lenders / Pennsylvania / Armco Credit Union
Butler, PA · Credit union · NCUA · $710 million assets · 662 loans in 2025
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662
loans originated, 2025
802
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Armco Credit Union is a Pennsylvania credit union whose lending is mostly home-improvement and other-purpose loans, and its originations rose 23% to 662 in 2025, faster than about three-quarters of similar lenders.
Other purposes were 40.0% of its loans and home improvement 38.7%; refinances were 11.9% and purchases 9.4%. That mix could explain its small loans: the typical loan was $75,000, against $105,000 at similar lenders (credit unions making between half and twice as many loans), among the lowest tenth. All its loans were conventional.
Originations rose 23%, against 6% at similar lenders and 10% for the whole market, and its dollar volume rose to $67.8 million from $46.6 million. In Pittsburgh it ranked 39 of 571 lenders, where it has lent since 2004, and its share rose 0.1 points to 0.6%.
LMI (low- and moderate-income) borrowers took 35.6% of its loans, against 26.9% at similar lenders, higher than more than four in five of them. LMI areas took 4.8%, among the lowest of its peers, against 15.2%, and majority-minority areas 0.4%, against 10.9%. It lends in 13 counties of one state, and the make-up of the Pittsburgh and non-metro Pennsylvania markets it serves is one possible reason for the low area shares.
Manufactured homes were 3.2% of its loans, against 0.3% at similar lenders.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Armco Credit Union took 802 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 40.0% · Home improvement 38.7% · Refinance 11.9% · Purchase 9.4%
Conventional 100.0% · of 662 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 |
|---|---|---|
| Pennsylvania | 662 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Pittsburgh | 629 |
| Erie | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300YL0FE99QLVY380 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 365398 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 565291 | 2004–2017 |
Established 1 January 1935. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: Armco Credit Union's data.
Armco Credit Union's data
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Armco 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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