Applications / Mortgage Analytics / Lenders / Michigan / Kalsee Credit Union
Portage, MI · Credit union · NCUA · $291 million assets · 260 loans in 2025
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260
loans originated, 2025
299
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Kalsee Credit Union makes small loans to people improving or borrowing against homes they already own, and in 2025 it made 67% more loans than the year before.
It made 260 loans, up from 156. Similar lenders (credit unions making between half and twice as many loans) typically grew 6%; Kalsee grew faster than about nine in ten of them. The money it lent rose to $24.6 million from $11.6 million.
Home improvement took 37.7% of its lending and other purposes 33.5%. Purchases (15.4%) and refinances (13.5%) were a sideline. Its typical loan was $55,000, against $105,000 at similar lenders, among the smallest of any. All its loans were conventional and none was higher-priced (a rate well above the average for similar loans).
Borrowers with low or moderate incomes (LMI) took 44.1% of its loans, against 27.7% at similar lenders, a higher share than at more than nine in ten. LMI neighborhoods took 21.5%, against 16.1%. Small home-improvement loans may suit owners with modest incomes, which could be one reason.
In Kalamazoo-Portage, MI, where it has lent since 1993, its share rose from 0.6% to 1.3%. It ranked 20 of 281 lenders. Consumers Credit Union and Lake Michigan Credit Union ranked first and second.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Kalsee Credit Union took 299 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 37.7% · Other 33.5% · Purchase 15.4% · Refinance 13.5%
Conventional 100.0% · of 260 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 | 256 | 98.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Kalamazoo-Portage | 176 |
| Battle Creek | 28 |
| Grand Rapids-Wyoming-Kentwood | 8 |
| Lansing-East Lansing | 2 |
| Niles | 2 |
| Warren-Troy-Farmington Hills | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300MG52SOKOHXJM80 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 121996 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 561219 | 1993–2017 |
Established 1 January 1954. Reported under HMDA 1993-2025.
Mergers, name changes, data editions and corrections: Kalsee Credit Union's data.
Kalsee Credit Union's data
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Kalsee 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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