Growth well ahead of peers
Originations rose 22%, from 647 to 790, against 8% for similar lenders (credit unions making between half and twice as many loans) and 10% for the whole market. Five years before it made 423 loans; it made 806 in 2022.
Applications / Mortgage Analytics / Lenders / Michigan / University of Michigan Credit Union
University of Michigan Credit Union
Ann Arbor, MI · Credit union · NCUA · $1.4 billion assets · 790 loans in 2025
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790
loans originated, 2025
1,188
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
University of Michigan Credit Union is a credit union whose largest line is home improvement, ranked 7 of 310 in Ann Arbor, MI, whose originations rose 22% in 2025, faster than about three-quarters of similar lenders.
Home improvement leads its lending
Home improvement made up 44.9% of its loans, ahead of purchase (24.6%), other purposes (17.0%) and refinance (13.5%). All its loans were conventional, and its typical loan rose from $105,000 to $130,000, against $105,000 at peers.
Gaining share in Ann Arbor
In Ann Arbor, MI, where it has reported since before 1990, it ranked 7 of 310 and its share rose 0.4 points to 3.4%. United Wholesale Mortgage, Walker & Dunlop and Lake Michigan Credit Union lead. Its other markets are all in Michigan.
Lower purchase denials, fewer loans in LMI areas
It turned down 3.8% of first-lien home-purchase applications on owner-occupied homes, against 6.3% at peers. Its share to LMI (low- and moderate-income) borrowers, 27.0%, is near the middle, but LMI areas received 11.9%, against 15.1%, lower than about three-quarters of peers. The area figure could reflect how many LMI tracts lie in the counties it serves.
Questions the data can answer next
- Which Ann Arbor counties and products account for its gain in share in 2025?
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
790 loans in 2025, against a peak of 806 in 2022.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. University of Michigan Credit Union took 1,188 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
44.9% of its 2025 loans were home improvement loans; 100.0% were Conventional.
Home improvement 44.9% · Purchase 24.6% · Other 17.0% · Refinance 13.5%
Conventional 100.0% · of 790 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
1 state, 15 metros, 36 counties
| State | Loans | Share |
|---|---|---|
| Michigan | 790 | 100.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Ann Arbor | 438 |
| Warren-Troy-Farmington Hills | 124 |
| Detroit-Dearborn-Livonia | 107 |
| Flint | 30 |
| Jackson | 15 |
| Monroe | 14 |
| Lansing-East Lansing | 10 |
| Grand Rapids-Wyoming-Kentwood | 9 |
| Traverse City | 5 |
| Saginaw | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300AQN2CY1MGE3J02 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 57992 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 561552 | 1990–2017 |
Established 1 January 1954. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: University of Michigan Credit Union's data.
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