Applications / Mortgage Analytics / Lenders / Minnesota / Ideal Credit Union
Woodbury, MN · Credit union · NCUA · $1.1 billion assets · 676 loans in 2025
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676
loans originated, 2025
1,111
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Ideal Credit Union is a Minneapolis-St. Paul credit union making mostly home-improvement and other-purpose loans, and its loan count grew 25% in 2025, faster than about four in five similar lenders.
Other-purpose loans were 41.3% and home improvement 37.4% of its lending, with purchases at 16.0% and refinance 5.3%. Its typical loan was $95,000, below the $105,000 at similar lenders (credit unions making between half and twice as many loans) and about half its $185,000 five years earlier. All its loans were conventional.
Loans rose 25% to 676, against 7% at similar lenders and 10% for the whole market. In Minneapolis-St. Paul-Bloomington, MN-WI it ranked 62 of 688 with a 0.3% share, unchanged, in a market led by Bell Bank, United Wholesale Mortgage and Rocket Mortgage. Its count has moved widely, from 857 in 2020 to 417 in 2022.
LMI (low- and moderate-income) borrowers took 35.0% of its loans and LMI neighbourhoods 19.2%, each higher than about four in five similar lenders. Its share in majority-minority neighbourhoods, 6.8%, is below peers' 10.8%; its markets beyond Minneapolis-St. Paul are mainly non-metro Minnesota and Wisconsin, which may hold fewer such neighbourhoods.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Ideal Credit Union took 1,111 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 41.3% · Home improvement 37.4% · Purchase 16.0% · Refinance 5.3%
Conventional 100.0% · of 676 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 |
|---|---|---|
| Minnesota | 618 | 91.4% |
| Wisconsin | 58 | 8.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 615 |
| Milwaukee-Waukesha | 6 |
| Rochester | 4 |
| Duluth | 3 |
| Appleton | 1 |
| Eau Claire | 1 |
| Kenosha | 1 |
| Mankato | 1 |
| Oshkosh-Neenah | 1 |
| Racine-Mount Pleasant | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300QRWA4IGMDEDT70 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 68297 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 562978 | 1990–2017 |
Established 1 January 1926. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Ideal Credit Union's data.
Ideal Credit Union's data
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Ideal 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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