Applications / Mortgage Analytics / Lenders / Illinois / First Northern Credit Union
Chicago, IL · Credit union · NCUA · $327 million assets · 395 loans in 2025
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395
loans originated, 2025
518
applications, 2025
7
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First Northern Credit Union ranks fifth among lenders in Rockford, and its loans rose 22% in 2025, faster than at most similar lenders.
Its loans rose to 395, against growth of 6% at similar lenders (credit unions making between half and twice as many loans) and 10% for the whole market; that was faster than at about seven in ten of them. Its typical loan rose from $85,000 to $145,000. Home purchases made up 62.0% of its loans.
In Rockford, IL, where it has lent since 2005, it ranked 5 of 302 lenders with 3.1%, up from 2.3%. GreenState Credit Union and First Mid Bank & Trust lead. In 2025 it made its first loans in four other metros, among them St. Louis and Jacksonville, FL.
Low- and moderate-income (LMI) neighborhoods took 18.0% of its loans and majority-minority ones 17.0%, against 15.3% and 11.8% at similar lenders. Yet LMI borrowers took 23.2%, lower than at about seven in ten peers. Its purchase-led mix and larger loans are one possible reason.
It turned down 2.1% of first-lien home-purchase applications on owner-occupied homes, against 6.6% at similar lenders, lower than at more than four in five of them.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. First Northern Credit Union took 518 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 62.0% · Home improvement 12.9% · Other 12.7% · Refinance 12.4%
Conventional 100.0% · of 395 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 |
|---|---|---|
| Illinois | 383 | 97.0% |
| Wisconsin | 7 | 1.8% |
| Arkansas | 1 | 0.3% |
| Arizona | 1 | 0.3% |
| Florida | 1 | 0.3% |
| Missouri | 1 | 0.3% |
| Virginia | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Rockford | 225 |
| Chicago-Naperville-Schaumburg | 98 |
| Elgin | 13 |
| Lake County | 9 |
| Kankakee | 4 |
| Eau Claire | 2 |
| Janesville-Beloit | 2 |
| Arlington-Alexandria-Reston | 1 |
| Jacksonville | 1 |
| Milwaukee-Waukesha | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300LI5KT42YX5L588 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 874890 | 2005–2023 |
| Respondent ID (the HMDA filer code before 2018) | 566359 | 1994–2017 |
Established 1 January 1944. Reported under HMDA 1994-2025.
Mergers, name changes, data editions and corrections: First Northern Credit Union's data.
First Northern Credit Union's data
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First Northern 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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