Applications / Mortgage Analytics / Lenders / Michigan / Ignite Credit Union
Battle Creek, MI · Credit union · NCUA · $371 million assets · 120 loans in 2025
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120
loans originated, 2025
172
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Ignite Credit Union, in Battle Creek, MI, makes small loans to people of modest means: 59.5% of its loans went to borrowers with low or moderate incomes, about double the share at similar lenders.
Most of its loans, 60.0%, were for purposes other than buying, refinancing or improving a home. Manufactured homes made up 21.7%, higher than at nearly all similar lenders (credit unions making between half and twice as many loans), where the typical share was 0.0%. Its typical loan, $55,000, was among the lowest of the group.
Its share of low- and moderate-income (LMI) borrowers has risen from 40.2% in 2020 and is now higher than at nearly all similar lenders, where it was 29.0%. Small loans and manufactured homes may suit borrowers with lower incomes.
Higher-priced loans (a rate well above the average for similar loans) were 6.7% of its lending, against 2.8% at similar lenders, and down from 11.9% in 2024. Manufactured-home and other-purpose loans are often priced above standard first mortgages, which could account for the difference. Its typical rate, 6.75%, matched its peers'.
Originations fell 16%, from 143 to 120, while similar lenders grew 8%; at this size a couple of dozen loans make that difference. It filed no report for 2022 and 2023, a gap in the record rather than years without lending. In Battle Creek, MI, where it has lent since 1995, its share held at 0.2%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Ignite Credit Union took 172 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 60.0% · Purchase 15.8% · Refinance 15.0% · Home improvement 9.2%
Conventional 100.0% · of 120 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 | 120 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Grand Rapids-Wyoming-Kentwood | 18 |
| Battle Creek | 14 |
| Jackson | 5 |
| Kalamazoo-Portage | 4 |
| Detroit-Dearborn-Livonia | 1 |
| Warren-Troy-Farmington Hills | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493001I9VOT1BTB5V75 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 764599 | 2004–2021 |
| Respondent ID (the HMDA filer code before 2018) | 562072 | 1997–2017 |
Established 1 January 1936. Reported under HMDA 1997-2025.
Mergers, name changes, data editions and corrections: Ignite Credit Union's data.
Ignite Credit Union's data
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Ignite 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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