Applications / Mortgage Analytics / Lenders / Indiana / Industrial Federal Credit Union
Lafayette, IN · Credit union · NCUA · $340 million assets · 277 loans in 2025
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277
loans originated, 2025
347
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Industrial Federal Credit Union, of Lafayette, Indiana, makes small loans for home improvements, other purposes and manufactured homes, and its loans rose 55% in 2025, faster than at nearly nine in ten similar lenders.
Originations rose from 179 to 277, while similar lenders (credit unions making between half and twice as many loans) grew 6% and the whole market 10%. In Lafayette-West Lafayette, its home market since 1994, its share rose 0.4 points to 1.0%, ranking 28 of 267. Purdue Federal Credit Union led there.
Other purposes took 38.3% of its loans and home improvement 27.8%; purchases were 15.2%. Manufactured homes made up 10.5%, against 0.2% at similar lenders. Its typical loan, $65,000, was smaller than at nearly all peers, and it lent $22.5 million in all, against $45.0 million at the typical peer.
Low- and moderate-income (LMI) borrowers took 49.5% of its loans, against 27.6% at similar lenders, a higher share than at nearly all of them. In 2020 the share was 33.7%.
Its typical rate was 8.00%, against 6.88%, higher than at more than nine in ten peers. Home-improvement, other-purpose and manufactured-home loans usually carry higher rates than first mortgages, which could account for the gap. None of its loans was higher-priced (a rate well above the average for similar loans).
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Industrial Federal Credit Union took 347 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 38.3% · Home improvement 27.8% · Refinance 18.8% · Purchase 15.2%
Conventional 100.0% · of 277 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 |
|---|---|---|
| Indiana | 275 | 99.3% |
| Illinois | 2 | 0.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Lafayette-West Lafayette | 155 |
| Indianapolis-Carmel-Greenwood | 4 |
| Terre Haute | 4 |
| Lake County-Porter County-Jasper County | 3 |
| Kokomo | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300DI1T4KP9NPFQ75 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 444097 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 524026 | 1994–2017 |
Established 1 January 1983. Reported under HMDA 1994-2025.
Mergers, name changes, data editions and corrections: Industrial Federal Credit Union's data.
Industrial Federal Credit Union's data
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Industrial 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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