Applications / Mortgage Analytics / Lenders / Rhode Island / Greenwood Credit Union
Warwick, RI · Credit union · NCUA · $908 million assets · 581 loans in 2025
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581
loans originated, 2025
818
applications, 2025
20
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Greenwood Credit Union is a Rhode Island credit union whose lending is led by manufactured homes, 43.2% of its loans, spread across 20 states.
Manufactured homes made up 43.2% of its loans, against 0.3% at similar lenders (credit unions making between half and twice as many loans), the highest among them. It lent in 68 metros, from Phoenix to Denver, although Providence-Warwick, where it has lent since before 1990, remains its largest market. Its typical loan was $85,000, against $105,000 at peers.
LMI (low- and moderate-income) borrowers took 52.3% of its loans, against 27.0% at peers, higher than almost all of them, and up from 27.3% five years before. LMI areas took 19.4%, against 15.1%. Its manufactured-home lending is a possible reason.
Higher-priced loans (a rate well above the average for similar loans) were 4.6% of its loans, against 1.7% at peers, and its typical rate was 7.74%, against 7.00%. Its manufactured-home lending, 43.2% of its loans, is a possible reason. Its purchase denial rate, 6.8%, was close to peers' 6.5%.
Originations fell 6% to 581, while similar lenders grew 6% and the whole market 10%. It made 938 loans in 2022, its highest count since 2018; the 2025 count is still above the 407 to 558 it made in 2018 to 2020. In Providence-Warwick its share rose to 0.5% from 0.4%, ranking 57 of 475.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Greenwood Credit Union took 818 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 41.3% · Refinance 29.1% · Home improvement 27.9% · Other 1.7%
Conventional 100.0% · of 581 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 |
|---|---|---|
| Rhode Island | 315 | 54.2% |
| New York | 53 | 9.1% |
| Michigan | 41 | 7.1% |
| Arizona | 40 | 6.9% |
| Massachusetts | 24 | 4.1% |
| Pennsylvania | 20 | 3.4% |
| Washington | 14 | 2.4% |
| Connecticut | 13 | 2.2% |
| New Jersey | 12 | 2.1% |
| Ohio | 9 | 1.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Providence-Warwick | 323 |
| Phoenix-Mesa-Chandler | 27 |
| Albany-Schenectady-Troy | 14 |
| Warren-Troy-Farmington Hills | 10 |
| Kiryas Joel-Poughkeepsie-Newburgh | 9 |
| Buffalo-Cheektowaga | 8 |
| Hartford-West Hartford-East Hartford | 8 |
| Portland-Vancouver-Hillsboro | 7 |
| Tucson | 7 |
| Boston | 6 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300JD1162QW84ZO34 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 54898 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 566594 | 1990–2017 |
Established 1 January 1948. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Greenwood Credit Union's data.
Greenwood Credit Union's data
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Greenwood 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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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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