Applications / Mortgage Analytics / Lenders / Vermont / Union Bank
Morrisville, VT · State non-member bank · FDIC · $1.6 billion assets · 700 loans in 2025
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700
loans originated, 2025
842
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Union Bank is a Vermont bank that lends mainly for home purchases, ranking fifth in non-metro Vermont and sixth in Burlington-South Burlington, with manufactured homes a far larger share of its loans than at similar banks.
Home purchases made up 75.6% of its loans. Its typical loan was $265,000, against $195,000 at similar lenders (state non-member banks making between half and twice as many loans), larger than at nearly three-quarters of them. Its total was $210.3 million, against $169.0 million.
Manufactured homes were 10.0% of its loans, against 1.5%, higher than more than nine in ten peers. Its higher-priced share (a rate well above the average for similar loans) was 2.7%, against 1.6%, down from 5.2%; manufactured-home loans are often priced this way, which could account for most of the difference.
It ranked 5 of 264 lenders in non-metro Vermont and 6 of 146 in Burlington-South Burlington, where it has lent since 2003 and EastRise Federal Credit Union leads; its Burlington share fell 0.5 points to 4.2%. Its originations rose 6%, against 9% at peers and 10% for the whole market, one possible reason.
LMI (low- and moderate-income) areas took 24.0% of its loans, against 15.4%, higher than about nine in ten peers. It made no loans in majority-minority areas, against 8.3% at peers, which may reflect its markets in Vermont and New Hampshire having few such areas.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Union Bank took 842 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 75.6% · Refinance 12.4% · Home improvement 8.1% · Other 3.9%
Conventional 95.3% · FHA 3.7% · VA 1.0% · of 700 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 |
|---|---|---|
| Vermont | 533 | 76.1% |
| New Hampshire | 165 | 23.6% |
| Maine | 1 | 0.1% |
| Rhode Island | 1 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Burlington-South Burlington | 207 |
| Manchester-Nashua | 3 |
| Rockingham County-Strafford County | 3 |
| Providence-Warwick | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300I3PFIO81O8JD40 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 333203 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 314158 | 2003–2017 |
Established 1 January 1891. Reported under HMDA 2003-2025.
Mergers, name changes, data editions and corrections: Union Bank's data.
Union Bank's data
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Union Bank 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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