Applications / Mortgage Analytics / Lenders / Minnesota / Mayo Employees Federal Credit Union
Rochester, MN · Credit union · NCUA · $1.5 billion assets · 359 loans in 2025
Mayo Employees Federal Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
359
loans originated, 2025
503
applications, 2025
10
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Mayo Employees Federal Credit Union, a Minnesota lender whose largest market is Rochester, mostly lends to improve and refinance homes, and its loans fell 18% in 2025 as similar lenders grew 7%.
Its originations fell from 583 in 2022 to 436 in 2024 and 359 in 2025. Its fall was steeper than at about nine in ten similar lenders (credit unions making between half and twice as many loans), while the whole market grew 10%. The numbers do not show why.
Home improvement made up 31.5% of its loans, the largest single purpose, and all were conventional. Its typical loan, $85,000, was smaller than peers' $105,000. None of its loans were higher-priced (a rate well above the average for similar loans), against 1.9% at peers, and its typical rate, 6.54%, was lower than their 6.99%.
Low- and moderate-income (LMI) borrowers took 14.8% of its loans, against 27.5% at peers, less than at about nine in ten of them. Poorer neighborhoods (LMI tracts) took 7.2%, against 15.6%. Its members' incomes and the make-up of the areas around Rochester are possible reasons.
In Rochester, MN, where it has lent since 2002, it ranks 13 of 276 lenders. Its share fell 1.3 points, to 2.1% from 3.4%. Its smaller number of loans overall may account for the fall.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Mayo Employees Federal Credit Union took 503 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 31.5% · Refinance 25.1% · Purchase 24.0% · Other 19.5%
Conventional 100.0% · of 359 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 |
|---|---|---|
| Minnesota | 238 | 66.3% |
| Arizona | 65 | 18.1% |
| Florida | 28 | 7.8% |
| Wisconsin | 21 | 5.8% |
| California | 2 | 0.6% |
| Georgia | 1 | 0.3% |
| Iowa | 1 | 0.3% |
| Indiana | 1 | 0.3% |
| New Mexico | 1 | 0.3% |
| Texas | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Rochester | 186 |
| Phoenix-Mesa-Chandler | 64 |
| Jacksonville | 28 |
| Minneapolis-St. Paul-Bloomington | 18 |
| Eau Claire | 11 |
| La Crosse-Onalaska | 7 |
| Mankato | 3 |
| Albuquerque | 1 |
| Austin-Round Rock-San Marcos | 1 |
| Duluth | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300QTN66CFMVWLH03 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 921794 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 564562 | 2002–2005 |
| Respondent ID (the HMDA filer code before 2018) | 524748 | 2006–2017 |
Established 1 January 1934. Reported under HMDA 2002-2025.
Mergers, name changes, data editions and corrections: Mayo Employees Federal Credit Union's data.
Mayo Employees Federal Credit Union's data
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Mayo Employees 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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