Applications / Mortgage Analytics / Lenders / Illinois / Iroquois Federal Savings and Loan Association
Watseka, IL · Savings institution · OCC · $830 million assets · 272 loans in 2025
Iroquois Federal Savings and Loan Association's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
272
loans originated, 2025
339
applications, 2025
7
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Iroquois Federal Savings and Loan Association, based in Watseka, Illinois, makes small home-purchase loans and lends more in poorer places than most savings institutions its size.
Low- and moderate-income (LMI) borrowers took 32.2% of its loans, against 24.1% at similar lenders (savings institutions making between half and twice as many loans), more than at about three in four of them. Poorer neighborhoods (LMI tracts) took 25.6%, against 15.7%. In 2020 its LMI borrower share was 17.5%.
Home purchases made up 69.1% of its loans. Its typical loan, $145,000, was smaller than at more than four in five similar lenders, and every loan was conventional.
It made 272 loans, up 12%, while similar lenders grew 7% and the whole market 10%. It ranks 42 of 572 lenders in non-metro Illinois, its largest market, and has lent in Champaign-Urbana since 2004.
Its loans now reach 7 states. It entered non-metro Tennessee in 2021, non-metro Florida in 2022 and Daphne-Fairhope-Foley in 2025. How much these newer markets add, and with what kind of loans, is an open question.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Iroquois Federal Savings and Loan Association took 339 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 69.1% · Refinance 23.5% · Home improvement 5.5% · Other 1.8%
Conventional 100.0% · of 272 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 |
|---|---|---|
| Illinois | 232 | 85.3% |
| Missouri | 22 | 8.1% |
| Indiana | 13 | 4.8% |
| Florida | 2 | 0.7% |
| Alabama | 1 | 0.4% |
| Kentucky | 1 | 0.4% |
| Tennessee | 1 | 0.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Champaign-Urbana | 72 |
| Kankakee | 20 |
| Chicago-Naperville-Schaumburg | 12 |
| Lake County-Porter County-Jasper County | 4 |
| Indianapolis-Carmel-Greenwood | 3 |
| Peoria | 3 |
| Lafayette-West Lafayette | 2 |
| Columbia | 1 |
| Daphne-Fairhope-Foley | 1 |
| Fort Lauderdale-Pompano Beach-Sunrise | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 54930084WKZ9NTQ0QS94 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 403870 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 43870 | 2004–2010 |
| Respondent ID (the HMDA filer code before 2018) | 1703870 | 2011–2017 |
Established 1 January 1883. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: Iroquois Federal Savings and Loan Association's data.
Iroquois Federal Savings and Loan Association's data
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Iroquois Federal Savings and Loan Association 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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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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