Applications / Mortgage Analytics / Lenders / Nebraska / Cobalt Credit Union
Papillion, NE · Credit union · NCUA · $1.3 billion assets · 484 loans in 2025
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484
loans originated, 2025
598
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Cobalt Credit Union, of Papillion, Nebraska, lends to low- and moderate-income borrowers and neighborhoods more than nine in ten similar credit unions do.
Low- and moderate-income (LMI) borrowers took 43.0% of its loans, against 27.6% at similar lenders (credit unions making between half and twice as many loans). Poorer neighborhoods (LMI tracts) took 24.4%, against 15.4%. Both have risen since 2020, from 32.8% and 16.8%.
Refinancing now makes up 46.1% of its loans and purchases only 14.0%. In 2020 it made 1,032 loans, 15.4% of them VA (guaranteed by the Department of Veterans Affairs) and 8.3% FHA (insured by the Federal Housing Administration). Now 97.5% are conventional. Its typical loan, $105,000, matches its peers'.
It ranks 37 of 417 lenders in Omaha, IA-NE, where it has lent since at least 1990. Its share fell to 0.7% from 1.1%. Its loan count held at 484, but its dollar total fell to $62.9 million from $69.2 million. With purchases so small a part of its book, it may have had little part in the home buying that drives dollar totals.
Its loan count was unchanged on the year, while similar lenders grew 6% and the whole market 10%. The filings of Creighton Federal Credit Union, which merged with it in 2024, count in its competition figures.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Cobalt Credit Union took 598 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 46.1% · Other 22.7% · Home improvement 17.1% · Purchase 14.0%
Conventional 97.5% · FHA 1.4% · VA 1.0% · of 484 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 |
|---|---|---|
| Nebraska | 423 | 87.4% |
| Iowa | 61 | 12.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Omaha | 431 |
| Lincoln | 14 |
| Grand Island | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300XUFWU3F35PWM42 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 547372 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 55400 | 1990–2017 |
Established 1 January 1946. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Cobalt Credit Union's data.
Cobalt Credit Union's data
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Cobalt 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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