Its only market
Its share of lending in Merced, CA rose 0.3 points to 1.5%. United Wholesale Mortgage and DHI Mortgage Company led the market. It has lent there since it first reported in 1993.
Applications / Mortgage Analytics / Lenders / California / Merced School Employees Federal Credit Union
Merced School Employees Federal Credit Union
Merced, CA · Credit union · NCUA · $859 million assets · 119 loans in 2025
Merced School Employees Federal Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
119
loans originated, 2025
146
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Merced School Employees Federal Credit Union lends in a single county, where it ranks 11 of 260 lenders in Merced, CA and gained share in 2025.
Home improvement first
Home improvement made up 37.0% of its loans and other purposes 24.4%; purchases were only 15.1%. Every loan was conventional. Its typical loan, $115,000, was a little above the $105,000 at similar lenders (credit unions making between half and twice as many loans).
Nearly all in majority-minority areas
Majority-minority areas took 95.2% of its loans, against 9.5% at similar lenders. That may follow from its single county; in 2020 the figure was 94.8%. Low- and moderate-income (LMI) borrowers took 14.7%, against 29.2% at peers; its home-improvement and other-purpose mix may be one reason.
Fewer but larger loans
Originations fell 10%, to 119, while similar lenders grew 8%. Its lending still rose to $19.4 million from $15.0 million, as its typical loan grew from $80,000.
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
119 loans in 2025, against a peak of 174 in 2020.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Merced School Employees Federal Credit Union took 146 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
37.0% of its 2025 loans were home improvement loans; all were conventional loans.
Home improvement 37.0% · Other 24.4% · Refinance 23.5% · Purchase 15.1%
Conventional 100.0% · of 119 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
1 state, 1 metro, 1 county
| State | Loans | Share |
|---|---|---|
| California | 103 | 86.6% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Merced | 103 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300Y37WHI3S8KVE74 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 341682 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 59119 | 1993–2017 |
Established 1 January 1954. Reported under HMDA 1993-2025.
Mergers, name changes, data editions and corrections: Merced School Employees Federal Credit Union's data.
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