Applications / Mortgage Analytics / Lenders / Indiana / Beacon Credit Union
Wabash, IN · Credit union · STATE · $1.8 billion assets · 507 loans in 2025
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507
loans originated, 2025
694
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Beacon Credit Union is an Indiana credit union lending mostly to refinance, and its originations rose 44% in 2025, faster than most similar lenders.
It made 507 loans, up from 353, while similar lenders (credit unions making between half and twice as many loans) grew 6% and the whole market 10%; its growth was higher than nearly nine in ten of them. Dollar volume rose from $41.1 million to $67.9 million. Its 2025 merger with Mid-Southern Savings Bank may be part of the reason.
Refinances made up 65.3% of its loans. 41.1% went to low- and moderate-income (LMI) borrowers, against 27.2%, higher than nine in ten similar lenders. Its typical loan, $105,000, matched similar lenders'.
11.1% of its loans were in LMI areas, against 15.2%, and 1.8% in majority-minority areas, against 11.0%, both lower than about four in five similar lenders. Its largest market is non-metro Indiana, which may have fewer such areas.
It made 908 loans in 2020 and between 349 and 358 a year from 2022 to 2024 before the 2025 rise. Its 2020 count was about double its 462 in 2019, so that year may have been an exceptional one rather than its usual level; its typical rate rising from 2.88% to 7.25% since then may also have cut refinancing. It first reported in 2019.
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, 2019–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Beacon Credit Union took 694 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 65.3% · Purchase 26.0% · Home improvement 8.7%
Conventional 100.0% · of 507 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 |
|---|---|---|
| Indiana | 499 | 98.4% |
| Michigan | 4 | 0.8% |
| Kentucky | 1 | 0.2% |
| Ohio | 1 | 0.2% |
| South Carolina | 1 | 0.2% |
| Wisconsin | 1 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Louisville/Jefferson County | 28 |
| Fort Wayne | 18 |
| Indianapolis-Carmel-Greenwood | 11 |
| Kokomo | 9 |
| Lafayette-West Lafayette | 7 |
| Elkhart-Goshen | 4 |
| Augusta-Richmond County | 1 |
| Columbus | 1 |
| Lake County-Porter County-Jasper County | 1 |
| Michigan City-La Porte | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300K0WZYZ4I41CZ29 | 2019–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 472698 | 2019–2023 |
Established 1 January 1931. Reported under HMDA 2019-2025.
Mergers, name changes, data editions and corrections: Beacon Credit Union's data.
Beacon Credit Union's data
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Beacon 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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