Applications / Mortgage Analytics / Lenders / Indiana / Heritage Federal Credit Union
Newburgh, IN · Credit union · NCUA · $1.0 billion assets · 612 loans in 2025
Heritage Federal Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
612
loans originated, 2025
908
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Heritage Federal Credit Union ranks fourth in the Evansville market, with a rising share there and in Owensboro, while its total loans fell 6% to 612 in 2025.
In Evansville, IN, its largest market, it ranked 4 of 248 lenders, with 4.9% of the market, up from 4.5%; Liberty Federal Credit Union led. In Owensboro, KY its share rose to 1.6% from 0.9%, ranking 11 of 163. It has lent in both since before 1990.
Originations fell 6%, while similar lenders (credit unions making between half and twice as many loans) grew 6% and the whole market 10%. Dollar volume still rose, to $91.7 million from $79.1 million, as its typical loan rose to $105,000 from $75,000. The 2025 count is within the range it has kept since 2022, between 547 and 696, so the fall may be an ordinary swing from year to year.
LMI (low- and moderate-income) borrowers took 38.4% of its loans, against 26.9% at peers, higher than about nine in ten of them, and up from 27.8% five years before. Majority-minority areas took 2.1%, against 11.0%; a possible reason is the Indiana and Kentucky markets it serves.
Refinances were 36.6% of its loans, purchases 34.6%, other purposes 17.8% and home improvement 10.9%, all conventional. Its purchase denial rate, 4.5%, and refinance rate, 17.2%, were both lower than at most peers.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Heritage Federal Credit Union took 908 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 36.6% · Purchase 34.6% · Other 17.8% · Home improvement 10.9%
Conventional 100.0% · of 612 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 | 528 | 86.3% |
| Kentucky | 77 | 12.6% |
| Illinois | 6 | 1.0% |
| Florida | 1 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Evansville | 479 |
| Owensboro | 29 |
| Louisville/Jefferson County | 6 |
| Indianapolis-Carmel-Greenwood | 2 |
| Lexington-Fayette | 1 |
| Paducah | 1 |
| Pensacola-Ferry Pass-Brent | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900YPMNKIA6O0HC78 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 895381 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 516626 | 1990–2017 |
Established 1 January 1965. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Heritage Federal Credit Union's data.
Heritage Federal Credit Union's data
$215
Heritage Federal 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.
Buy Heritage Federal Credit Union's data, $215Jenner Mortgage Analytics: all the data
$2,110
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.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]