Growth of 86%
Originations rose to 511 from 275, faster than nearly all similar lenders (credit unions making between half and twice as many loans), whose typical growth was 6%. Its record swings: 1,080 loans in 2022, then 250 in 2023.
Applications / Mortgage Analytics / Lenders / California / Meriwest Credit Union
Meriwest Credit Union
San Jose, CA · Credit union · NCUA · $2.1 billion assets · 511 loans in 2025
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511
loans originated, 2025
751
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Meriwest Credit Union is a San Jose credit union whose originations rose 86% to 511 in 2025, with larger loans and more jumbo lending than almost all similar lenders.
Large loans for a credit union
Its typical loan was $275,000, against $105,000, and jumbo loans (larger than the conforming limit) were 15.4% of its lending, up from 5.0% and against 0.5% at similar lenders. Home-improvement loans were 48.5% of its lending. Its dollar volume, $185.2 million, was higher than about nine in ten similar lenders.
Lending follows its Bay Area markets
Majority-minority areas took 71.8% of its loans, against 11.0%, which may reflect where it lends: its largest markets are San Jose-Sunnyvale-Santa Clara and San Francisco-Oakland-Fremont. Its share of loans to LMI (low- and moderate-income) borrowers, 28.4%, was near the middle of similar lenders.
Gaining in San Jose
It ranked 40 of 459 lenders in San Jose-Sunnyvale-Santa Clara, where its share rose 0.2 points to 0.4%; Wells Fargo Bank ranks first. None of its loans was higher-priced (a rate well above the average for similar loans), against 1.7% at similar lenders.
Questions the data can answer next
- Which of its loan types account for the rise in jumbo lending in 2025?
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
511 loans in 2025, against a peak of 1,080 in 2022.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Meriwest Credit Union took 751 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
48.5% of its 2025 loans were home improvement loans; 100.0% were Conventional.
Home improvement 48.5% · Other 21.7% · Purchase 17.8% · Refinance 11.9%
Conventional 100.0% · of 511 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
5 states, 31 metros, 42 counties
| State | Loans | Share |
|---|---|---|
| California | 497 | 97.3% |
| Arizona | 9 | 1.8% |
| Oregon | 3 | 0.6% |
| Nevada | 1 | 0.2% |
| Washington | 1 | 0.2% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| San Jose-Sunnyvale-Santa Clara | 287 |
| Oakland-Fremont-Berkeley | 56 |
| San Francisco-San Mateo-Redwood City | 47 |
| Stockton-Lodi | 19 |
| Los Angeles-Long Beach-Glendale | 17 |
| Sacramento-Roseville-Folsom | 14 |
| Merced | 8 |
| Santa Cruz-Watsonville | 8 |
| Modesto | 6 |
| Phoenix-Mesa-Chandler | 5 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300A4ZI1DF2OO1B51 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 537681 | 2016–2023 |
| Respondent ID (the HMDA filer code before 2018) | 568394 | 2000–2017 |
Established 1 January 1961. Reported under HMDA 2000-2025.
Mergers, name changes, data editions and corrections: Meriwest Credit Union's data.
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