Applications / Mortgage Analytics / Lenders / Michigan / Members FIRST Credit Union
Midland, MI · Credit union · NCUA · $901 million assets · 216 loans in 2025
Members FIRST Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
216
loans originated, 2025
374
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Members FIRST Credit Union, a Michigan lender, makes more than half its loans to borrowers of modest means, a higher share than almost any similar credit union.
Low- and moderate-income (LMI) borrowers took 51.8% of its loans, against 27.8% at similar lenders (credit unions making between half and twice as many loans). Five years before, the figure was 31.5%. LMI neighborhoods took 27.0%, higher than at about nine in ten peers. Majority-minority neighborhoods took only 1.8%, against 11.2%, which may reflect the non-metro and smaller Michigan markets it serves.
Its typical loan rose to $125,000 from $65,000 in 2024, a little above peers' $105,000. Purchases made up 55.1% of its loans and refinances 29.2%.
It made 216 loans, 10% fewer than in 2024, while similar lenders grew 7%. In 2021 it made 672. The figures do not show what drove the fall.
In Midland, MI it ranked 12 of 175 lenders, but its share slipped to 2.2% from 2.5%; making fewer loans overall may be one reason. Its shares rose in Saginaw, to 0.4%, and Bay City, to 0.6%. Non-metro Michigan, where it has lent since 1995, is its largest 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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Members FIRST Credit Union took 374 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 55.1% · Refinance 29.2% · Home improvement 7.9% · Other 7.9%
Conventional 100.0% · of 216 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 | 216 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Midland | 48 |
| Saginaw | 17 |
| Bay City | 13 |
| Grand Rapids-Wyoming-Kentwood | 12 |
| Muskegon-Norton Shores | 2 |
| Kalamazoo-Portage | 1 |
| Warren-Troy-Farmington Hills | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300MPZCS4LF270327 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 795294 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 562076 | 1995–2017 |
Established 1 January 1936. Reported under HMDA 1995-2025.
Mergers, name changes, data editions and corrections: Members FIRST Credit Union's data.
Members FIRST Credit Union's data
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Members FIRST 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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