Applications / Mortgage Analytics / Lenders / Michigan / DOW Credit Union
Midland, MI · Credit union · NCUA · $2.6 billion assets · 328 loans in 2025
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328
loans originated, 2025
541
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
DOW Credit Union ranks fourth among lenders in Midland, MI, but it is shrinking: its 328 loans in 2025 were 22% fewer than in 2024.
Similar lenders (credit unions making between half and twice as many loans) typically grew by 7%. Its change was lower than at about nineteen in twenty of them. It has made fewer loans every year since 2020, when it made 1,288. Its typical loan, $155,000, is larger than theirs, so the $60.1 million it lent is still close to the typical peer's.
In Midland, MI it ranks 4 of 175 lenders, behind Rocket Mortgage, United Wholesale Mortgage and Isabella Bank, but its share fell from 9.3% to 6.6%. Its share also slipped in Saginaw and Bay City. The falls follow its lower lending everywhere. It makes no government-backed loans, which may leave part of each market to others.
Its share of loans to low- and moderate-income borrowers, 26.0%, is near the middle of similar lenders. But only 1.5% of its loans were in majority-minority neighborhoods, lower than at about four in five of them. Its lending sits in Midland, Saginaw, Bay City and non-metro Michigan, whose make-up may account for much of this. It denied 7.0% of first-lien home-purchase applications, near the middle of similar lenders.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. DOW Credit Union took 541 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 49.7% · Refinance 22.9% · Other 15.2% · Home improvement 12.2%
Conventional 100.0% · of 328 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 | 328 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Midland | 128 |
| Saginaw | 50 |
| Bay City | 40 |
| Grand Rapids-Wyoming-Kentwood | 9 |
| Ann Arbor | 6 |
| Flint | 6 |
| Warren-Troy-Farmington Hills | 6 |
| Detroit-Dearborn-Livonia | 4 |
| Traverse City | 4 |
| Battle Creek | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300EWYXV06QXJH078 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 496096 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 560137 | 1991–2017 |
Established 1 January 1937. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: DOW Credit Union's data.
DOW Credit Union's data
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DOW 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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