Applications / Mortgage Analytics / Lenders / Utah / Granite Federal Credit Union
Salt Lake City, UT · Credit union · NCUA · $907 million assets · 252 loans in 2025
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252
loans originated, 2025
502
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Granite Federal Credit Union made fewer loans in 2025 but much bigger ones, and lent $69.3 million, up from $45.9 million.
Its typical loan rose to $175,000 from $105,000, larger than at nearly nine in ten similar lenders (credit unions making between half and twice as many loans), whose typical loan was $105,000. Its loan count fell 5%, while peers grew 6%.
Refinances were 51.2% of its loans and home improvement 18.7%; purchases were only 20.6%. Its typical rate was 6.18%, against 6.84% at similar lenders, lower than at about four in five of them.
Low- and moderate-income (LMI) borrowers took 37.8% of its loans, against 27.6% at peers, more than at about four in five of them. LMI areas took 20.6%, against 16.1%.
In Salt Lake City-Murray, where it has lent since 1994, it ranked 49 of 363 lenders, and its share rose to 0.4% from 0.3%. Its loan count is far below the 766 of 2020.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Granite Federal Credit Union took 502 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 51.2% · Purchase 20.6% · Home improvement 18.7% · Other 9.5%
Conventional 99.6% · FHA 0.4% · of 252 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 |
|---|---|---|
| Utah | 247 | 98.0% |
| Arizona | 1 | 0.4% |
| California | 1 | 0.4% |
| Florida | 1 | 0.4% |
| Idaho | 1 | 0.4% |
| Indiana | 1 | 0.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Salt Lake City-Murray | 195 |
| Provo-Orem-Lehi | 23 |
| Ogden | 14 |
| Logan | 3 |
| St. George | 3 |
| Boise City | 1 |
| Indianapolis-Carmel-Greenwood | 1 |
| Orlando-Kissimmee-Sanford | 1 |
| Riverside-San Bernardino-Ontario | 1 |
| Sierra Vista-Douglas | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300JAEP0DFO79JO70 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 427791 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 566838 | 1994–2004 |
| Respondent ID (the HMDA filer code before 2018) | 524726 | 2005–2017 |
Established 1 January 1986. Reported under HMDA 1994-2025.
Mergers, name changes, data editions and corrections: Granite Federal Credit Union's data.
Granite Federal Credit Union's data
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Granite 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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