Applications / Mortgage Analytics / Lenders / Michigan / Lafcu
Lansing, MI · Credit union · NCUA · $1.1 billion assets · 298 loans in 2025
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298
loans originated, 2025
468
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Lafcu ranks 15 of 333 lenders in its home market of Lansing-East Lansing, and it lends to borrowers on modest incomes more than most credit unions its size.
Low- and moderate-income (LMI) borrowers took 39.4% of its loans, against 27.0% at similar lenders (credit unions making between half and twice as many loans), higher than at more than four in five of them. In 2020 the share was 41.9%. Majority-minority neighborhoods took 6.0%, against 12.9%, which may reflect the Michigan markets where most of its lending is.
Its typical rate was 5.88%, down from 7.14% a year earlier and lower than at about nine in ten similar lenders, whose typical rate was 6.88%. Refinances made up 36.6% of its lending and purchases 33.6%.
It made 298 loans, down 2% from 303, while similar lenders grew 7%. But the dollars it lent rose to $50.5 million from $28.4 million, as its typical loan more than doubled from $55,000 to $115,000. Its loan count has drifted down from 443 in 2018.
In Lansing-East Lansing its share rose to 1.2% from 1.0%. The Dart Bank and MSU Federal Credit Union lead that market.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Lafcu took 468 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 36.6% · Purchase 33.6% · Home improvement 15.8% · Other 14.1%
Conventional 100.0% · of 298 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 | 287 | 96.3% |
| Ohio | 6 | 2.0% |
| Florida | 3 | 1.0% |
| North Carolina | 1 | 0.3% |
| Texas | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Lansing-East Lansing | 164 |
| Warren-Troy-Farmington Hills | 20 |
| Grand Rapids-Wyoming-Kentwood | 12 |
| Battle Creek | 5 |
| Flint | 5 |
| Jackson | 5 |
| Ann Arbor | 4 |
| Bay City | 3 |
| Cincinnati | 2 |
| Kalamazoo-Portage | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493003KK3OFPYXHCI44 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 154378 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 51033 | 1993–2013 |
| Respondent ID (the HMDA filer code before 2018) | 568632 | 2014–2017 |
Established 1 January 1936. Reported under HMDA 1993-2025.
Mergers, name changes, data editions and corrections: Lafcu's data.
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