Applications / Mortgage Analytics / Lenders / Michigan / ELGA Credit Union
Grand Blanc, MI · Credit union · NCUA · $1.8 billion assets · 537 loans in 2025
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537
loans originated, 2025
773
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
ELGA Credit Union is a Flint-area credit union that makes small, mostly other-purpose loans and lends to low- and moderate-income (LMI) borrowers far more than similar credit unions.
Other purposes made up 62.2% of its loans, refinances 24.4% and purchases 13.2%. Its typical loan was $65,000, against $105,000 for similar lenders (credit unions making between half and twice as many loans), smaller than at nearly all of them.
43.9% of its loans went to LMI borrowers, against 27.3% for peers, more than at nine in ten, and up from 31.2% five years earlier. 24.9% were in LMI tracts, against 15.1%, also higher than nine in ten peers.
Originations fell 19% to 537, while the typical peer grew 6%. In Flint it ranks 12 of 285, with 1.9% of the dollars against 2.8% a year earlier, in a market led by United Wholesale Mortgage, Rocket Mortgage and Legacy Mortgage; one possible reason is its own lower dollar volume, $51.2 million against $63.3 million.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. ELGA Credit Union took 773 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 62.2% · Refinance 24.4% · Purchase 13.2% · Home improvement 0.2%
Conventional 100.0% · of 537 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 |
|---|---|---|
| Michigan | 537 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Flint | 354 |
| Warren-Troy-Farmington Hills | 87 |
| Saginaw | 20 |
| Bay City | 9 |
| Lansing-East Lansing | 4 |
| Detroit-Dearborn-Livonia | 3 |
| Muskegon-Norton Shores | 2 |
| Jackson | 1 |
| Midland | 1 |
| Monroe | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300ORTZ3CWXPNL693 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 697594 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 561797 | 1990–2017 |
Established 1 January 1968. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: ELGA Credit Union's data.
ELGA Credit Union's data
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ELGA 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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