Applications / Mortgage Analytics / Lenders / Minnesota / Members Cooperative Credit Union
Duluth, MN · Credit union · NCUA · $1.2 billion assets · 556 loans in 2025
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556
loans originated, 2025
845
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Members Cooperative Credit Union is a Duluth credit union that lends more to LMI (low- and moderate-income) borrowers than more than nine in ten similar lenders, and it ranked 7 of 318 lenders in Duluth in 2025.
LMI borrowers took 40.9% of its loans, against 27.3% at similar lenders (credit unions making between half and twice as many loans), and LMI areas 18.6%, against 15.1%. Its typical loan was $85,000, against $105,000, and it made no jumbo loans.
Its share in Duluth rose 0.1 points to 3.1%; North Shore Bank of Commerce ranks first there. It has lent in Duluth since 1993 and ranked 51 of 536 in non-metro Minnesota.
Higher-priced loans (a rate well above the average for similar loans) were 9.3% of its lending, against 1.7%, down from 19.7% in 2024 and 37.1% in 2020. Home-improvement and other-purpose loans, together nearly half of its lending, and manufactured homes, 4.0% against 0.3%, are often priced this way and could account for most of the difference.
Originations rose 17% to 556, faster than about two-thirds of similar lenders, who grew 5%. It made 1,225 loans in 2020.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Members Cooperative Credit Union took 845 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 32.7% · Home improvement 27.9% · Refinance 21.4% · Other 18.0%
Conventional 100.0% · of 556 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 |
|---|---|---|
| Minnesota | 524 | 94.2% |
| Wisconsin | 32 | 5.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Duluth | 314 |
| Minneapolis-St. Paul-Bloomington | 47 |
| St. Cloud | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300GS2JP8CQK0MD31 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 505792 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 560216 | 1993–2017 |
Established 1 January 1936. Reported under HMDA 1993-2025.
Mergers, name changes, data editions and corrections: Members Cooperative Credit Union's data.
Members Cooperative Credit Union's data
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Members Cooperative 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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