Applications / Mortgage Analytics / Lenders / New York / Heritage Financial Credit Union
Middletown, NY · Credit union · NCUA · $805 million assets · 441 loans in 2025
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441
loans originated, 2025
507
applications, 2025
9
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Heritage Financial Credit Union, of Middletown, New York, makes mostly home-improvement loans. Its lending fell 18% in 2025 while similar lenders grew.
Home improvement made up 66.2% of its loans in 2025, purchases 26.3% and refinances 7.5%. All were conventional and none was jumbo. Its typical loan, $115,000, was close to the $105,000 of similar lenders (credit unions making between half and twice as many loans).
Higher-priced loans (those with a rate well above the average for similar loans) made up 11.7% of its lending, against 1.9% at the typical similar lender. A book dominated by home-improvement loans could account for most of that gap. Its typical rate, 7.00%, was in line with its peers' 6.99%.
In Kiryas Joel-Poughkeepsie-Newburgh its share fell to 1.1% from 1.5%, ranking it 20 of 282. In Kingston it fell to 1.2% from 1.8%, ranking 22 of 184. Hudson Valley Credit Union leads the first market and Ulster Savings Bank the second. The falls match its own lower lending, which may reflect a choice to lend less or weaker demand for the loans it specializes in.
Its lending has swung widely. Loans rose from 112 in 2018 to 510 in 2020, fell to 281 in 2022, and reached 580 in 2023 before slipping to 441 in 2025.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Heritage Financial Credit Union took 507 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 66.2% · Purchase 26.3% · Refinance 7.5%
Conventional 100.0% · of 441 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 |
|---|---|---|
| New York | 351 | 79.6% |
| Pennsylvania | 61 | 13.8% |
| New Jersey | 15 | 3.4% |
| Florida | 6 | 1.4% |
| North Carolina | 3 | 0.7% |
| South Carolina | 2 | 0.5% |
| California | 1 | 0.2% |
| Ohio | 1 | 0.2% |
| Virginia | 1 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh | 260 |
| Kingston | 45 |
| New York-Jersey City-White Plains | 16 |
| Newark | 11 |
| Albany-Schenectady-Troy | 5 |
| Charlotte-Concord-Gastonia | 2 |
| Nassau County-Suffolk County | 2 |
| North Port-Bradenton-Sarasota | 2 |
| Punta Gorda | 2 |
| Allentown-Bethlehem-Easton | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493005ZSV53K4M63M18 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 519977 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 53962 | 1992–2017 |
Established 1 January 1940. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Heritage Financial Credit Union's data.
Heritage Financial Credit Union's data
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Heritage Financial 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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