Applications / Mortgage Analytics / Lenders / Massachusetts / I-C Federal Credit Union
Fitchburg, MA · Credit union · NCUA · $548 million assets · 119 loans in 2025
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119
loans originated, 2025
206
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
I-C Federal Credit Union, a small Massachusetts credit union, makes bigger loans than most of its peers and lends far more in poorer neighborhoods.
Its typical loan was $155,000, against $105,000 at similar lenders (credit unions making between half and twice as many loans), bigger than at about four in five of them. So its 119 loans came to $28.2 million, against $15.6 million at the typical similar lender. Purchases made up 37.0% of its lending and refinances 32.8%.
Low- and moderate-income (LMI) neighborhoods took 29.4% of its loans, against 17.2% at similar lenders, a higher share than at more than four in five of them. Its share of loans to LMI borrowers, 27.4%, was near the middle. Its largest market is Worcester, where it has lent since at least 1990 and holds 0.3%.
Its loans rose to 119 from 106, a gain of 12%, against 8% at similar lenders. That followed three straight years of decline from 378 loans in 2021. The record does not say why, and a small lender's total can move with a few dozen loans.
None of its loans was higher-priced (a rate well above the average for similar loans), against 2.9% at similar lenders. Its typical rate, 6.50%, was lower than at about two-thirds 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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. I-C Federal Credit Union took 206 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 37.0% · Refinance 32.8% · Home improvement 19.3% · Other 10.9%
Conventional 100.0% · of 119 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 |
|---|---|---|
| Massachusetts | 119 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Worcester | 106 |
| Cambridge-Newton-Framingham | 11 |
| Barnstable Town | 1 |
| Springfield | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493007ISPBRCRINID86 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 89096 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 524250 | 1990–2017 |
Established 1 January 1934. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: I-C Federal Credit Union's data.
I-C Federal Credit Union's data
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I-C 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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