Applications / Mortgage Analytics / Lenders / Massachusetts / MIT Federal Credit Union
Lexington, MA · Credit union · NCUA · $743 million assets · 209 loans in 2025
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209
loans originated, 2025
318
applications, 2025
25
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
MIT Federal Credit Union makes far bigger loans than similar credit unions, spread across 25 states, but its lending fell by 26% in 2025.
Its typical loan of $365,000 was larger than at nearly all similar lenders (credit unions making between half and twice as many loans), where it was $105,000. So its 209 loans came to $80.7 million, more than at about nine in ten of them. Purchases were 54.1% of its lending.
Its loans fell from 284 to 209, while similar lenders typically grew by 7%. Only a few of them saw a steeper fall. It filed no HMDA report for 2022; that is a gap in the record, not a year without lending.
Low- and moderate-income (LMI) borrowers took 12.0% of its loans, against 27.9% at similar lenders, among the lowest twentieth. Its large loans and focus on purchases are possible reasons, as is lending spread over 46 metros rather than one community.
It turned down 2.8% of home-purchase applications, against 8.2% at similar lenders. Its largest market is Boston-Cambridge-Newton, where it ranks 149 of 664 lenders.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. MIT Federal Credit Union took 318 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 54.1% · Refinance 22.5% · Home improvement 17.2% · Other 6.2%
Conventional 100.0% · of 209 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 |
|---|---|---|
| Massachusetts | 138 | 66.0% |
| New Hampshire | 16 | 7.7% |
| California | 13 | 6.2% |
| Texas | 5 | 2.4% |
| Georgia | 4 | 1.9% |
| Oregon | 4 | 1.9% |
| Florida | 3 | 1.4% |
| New Jersey | 3 | 1.4% |
| Indiana | 2 | 1.0% |
| Maine | 2 | 1.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Cambridge-Newton-Framingham | 99 |
| Boston | 25 |
| Worcester | 11 |
| Rockingham County-Strafford County | 9 |
| Manchester-Nashua | 5 |
| Atlanta-Sandy Springs-Roswell | 4 |
| Los Angeles-Long Beach-Glendale | 4 |
| Houston-Pasadena-The Woodlands | 3 |
| Fort Wayne | 2 |
| New York-Jersey City-White Plains | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300P1347BFCBHJV60 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 243777 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 53830 | 2003–2017 |
Established 1 January 1940. Reported under HMDA 2003-2025.
Mergers, name changes, data editions and corrections: MIT Federal Credit Union's data.
MIT Federal Credit Union's data
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MIT 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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