Applications / Mortgage Analytics / Lenders / South Dakota / Levo Federal Credit Union
Sioux Falls, SD · Credit union · NCUA · $508 million assets · 564 loans in 2025
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564
loans originated, 2025
679
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Levo Federal Credit Union ranks 6 of 204 lenders in Sioux Falls, MN-SD, where its share rose to 4.2%, and it makes more government-backed loans than nearly all similar credit unions.
Of its loans, 5.7% were FHA (insured by the Federal Housing Administration), 2.3% VA (guaranteed by the Department of Veterans Affairs) and 1.2% RHS (guaranteed by the Department of Agriculture's Rural Housing Service). Similar lenders (credit unions making between half and twice as many loans) typically made none, so its conventional share, 90.8%, is lower than nearly all of them.
In Sioux Falls, MN-SD, where it has lent since 1995, its share rose from 3.7%. Plains Commerce Bank leads that market. In Sioux City, IA-NE-SD its share rose to 0.3% from 0.1%.
It made 564 loans, up 9% against 6% for similar lenders, near the middle of them. In 2020 it made 1,366, when its typical rate was 2.75% against 7.50% now; with 72.0% of its loans refinances, lower rates then may explain much of that larger volume.
Of its loans, 31.6% went to low- and moderate-income (LMI) borrowers, against 27.1%, higher than more than two-thirds of similar lenders. Only 0.4% were in majority-minority tracts, against 10.8%; its South Dakota markets may have few such tracts.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Levo Federal Credit Union took 679 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 72.0% · Purchase 28.0%
Conventional 90.8% · FHA 5.7% · VA 2.3% · USDA (RHS or FSA) 1.2% · of 564 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 |
|---|---|---|
| South Dakota | 541 | 95.9% |
| Iowa | 13 | 2.3% |
| Minnesota | 8 | 1.4% |
| North Dakota | 1 | 0.2% |
| Nebraska | 1 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Sioux Falls | 512 |
| Sioux City | 12 |
| Rapid City | 2 |
| Des Moines-West Des Moines | 1 |
| Fargo | 1 |
| Minneapolis-St. Paul-Bloomington | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300REHZOIYMHDPI61 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 64776 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 560 | 1995–2017 |
Established 1 January 1934. Reported under HMDA 1995-2025.
Mergers, name changes, data editions and corrections: Levo Federal Credit Union's data.
Levo Federal Credit Union's data
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Levo 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.
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