Applications / Mortgage Analytics / Lenders / Michigan / Gerber Federal Credit Union
Fremont, MI · Credit union · NCUA · $251 million assets · 186 loans in 2025
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186
loans originated, 2025
263
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Gerber Federal Credit Union lends mostly to people who already own their homes, many of them on manufactured homes, and its loans rose 18% in 2025.
Purchases were only 16.7% of its loans. The rest went on refinancing, home improvement and other purposes, and 16.1% were on manufactured homes, where similar lenders (credit unions making between half and twice as many loans) typically made none. That mix keeps its loans small: the typical one was $85,000, against $105,000 at peers.
Originations rose 18% to 186, against 7% for similar lenders and 10% for the whole market. The count has climbed from a low of 139 in 2023 but is still below the 235 it made in 2021.
Low- and moderate-income (LMI) borrowers took 38.2% of its loans, against 27.9% at similar lenders, more than at about four in five of them. Yet only 9.1% of its loans were in LMI neighborhoods, against 17.1%, and 1.1% in majority-minority ones, against 11.5%. Its biggest market is non-metro Michigan, where it ranked 79 of 606 lenders, and the make-up of the rural areas it serves may explain both figures.
It has lent in Muskegon-Norton Shores and Grand Rapids-Wyoming-Kentwood since 2004. It ranked 81 of 233 lenders in the first and 228 of 436 in the second. Lake Michigan Credit Union led both.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Gerber Federal Credit Union took 263 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 35.5% · Other 27.4% · Home improvement 20.4% · Purchase 16.7%
Conventional 100.0% · of 186 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 | 186 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Muskegon-Norton Shores | 13 |
| Grand Rapids-Wyoming-Kentwood | 9 |
| Kalamazoo-Portage | 1 |
| Traverse City | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300UJJ1Q3YTRSGM27 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 760489 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 56832 | 2004–2017 |
Established 1 January 1950. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: Gerber Federal Credit Union's data.
Gerber Federal Credit Union's data
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Gerber Federal 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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