Applications / Mortgage Analytics / Lenders / Michigan / AAC Credit Union
Grand Rapids, MI · Credit union · NCUA · $206 million assets · 126 loans in 2025
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126
loans originated, 2025
161
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
AAC Credit Union makes small loans for things other than buying a home, and nearly half go to low- and moderate-income borrowers.
Home purchases were only 17.5% of its loans. Refinances took 32.5% and other purposes 30.2%, all conventional. Its typical loan, $65,000, was smaller than at most similar lenders (credit unions making between half and twice as many loans), where it was $105,000.
Low- and moderate-income (LMI) borrowers took 49.2% of its loans, against 29.2% at peers, more than at almost all of them. LMI neighborhoods took 14.3% and majority-minority neighborhoods 7.9%, close to peers' 17.4% and 9.6%.
Its typical rate, 7.49%, was higher than peers' 6.75%. A mix led by refinance, other-purpose and home-improvement loans may explain that. None of its loans were higher-priced (a rate well above the average for similar loans).
It made 126 loans, 7% fewer than in 2024, while peers rose 8% and the whole market 10%. Its yearly count has drifted down since 323 in 2020. In Grand Rapids-Wyoming-Kentwood, MI, its largest market since 1991, its share fell 0.1 points to 0.1%; at its size, a few loans more or fewer move that share.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. AAC Credit Union took 161 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 32.5% · Other 30.2% · Home improvement 19.8% · Purchase 17.5%
Conventional 100.0% · of 126 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 |
|---|---|---|
| Michigan | 126 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Grand Rapids-Wyoming-Kentwood | 81 |
| Muskegon-Norton Shores | 21 |
| Warren-Troy-Farmington Hills | 3 |
| Lansing-East Lansing | 2 |
| Kalamazoo-Portage | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 2549003QXUI2HKRWW551 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 206491 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 562217 | 1990–2017 |
Established 1 January 1937. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: AAC Credit Union's data.
AAC Credit Union's data
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AAC 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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