Applications / Mortgage Analytics / Lenders / Iowa / Financial Plus Credit Union
West Des Moines, IA · Credit union · NCUA · $233 million assets · 192 loans in 2025
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192
loans originated, 2025
218
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Financial Plus Credit Union makes small, cheap loans: its typical loan was $65,000 and its typical rate 5.75%, both lower than at more than nine in ten similar lenders.
Other purposes took 28.6% of its lending, refinances 27.1%, purchases 22.4% and home improvement 21.9%. Its typical loan was a little over half the $105,000 at similar lenders (credit unions making between half and twice as many loans). In 2020 its typical loan was $155,000. Every loan was conventional.
Borrowers with low or moderate incomes (LMI) took 44.3% of its loans, against 27.9% at similar lenders, higher than at about nine in ten. LMI neighborhoods took 21.5%, against 17.0%. None of its loans was higher-priced (a rate well above the average for similar loans).
It made 192 loans, down 10% from 214, while similar lenders grew 7%. Its count swings from year to year, 223 in 2022 and 155 in 2023, so one year's fall says little on its own. It filed no report for 2021, a gap in the record rather than a year without lending.
In Des Moines-West Des Moines, where it has lent since at least 1990, it ranks 55 of 396 lenders with 0.4%, unchanged from 2024. GreenState Credit Union leads the market.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Financial Plus Credit Union took 218 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 28.6% · Refinance 27.1% · Purchase 22.4% · Home improvement 21.9%
Conventional 100.0% · of 192 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 |
|---|---|---|
| Iowa | 192 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Des Moines-West Des Moines | 181 |
| Ames | 3 |
| Davenport-Moline-Rock Island | 1 |
| Omaha | 1 |
| Waterloo-Cedar Falls | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300WQC1VYOW0EW528 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 273390 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 562965 | 1990–2017 |
Established 1 January 1929. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Financial Plus Credit Union's data.
Financial Plus Credit Union's data
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Financial Plus 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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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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