Applications / Mortgage Analytics / Lenders / California / Monterra Credit Union
Redwood City, CA · Credit union · NCUA · $1.9 billion assets · 367 loans in 2025
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367
loans originated, 2025
654
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Monterra Credit Union, a refinance lender with unusually large loans, more than doubled its originations in 2025, to 367.
Its originations rose 106%, from 178 to 367. Similar lenders (credit unions making between half and twice as many loans) grew 7%, and few grew faster. Refinances made up 78.7% of its loans, so refinancing may explain much of the rise. The recovery is partial: it made 617 loans in 2021.
Its typical loan was $255,000, larger than at nearly all similar lenders, where it was $105,000. Jumbo loans (larger than the conforming limit) were 9.1% of its lending, against 0.5% at its peers. Both figures fell from the year before, when its typical loan was $400,000.
Majority-minority areas took 63.5% of its loans, against 11.9% at similar lenders. Poorer neighborhoods (low- and moderate-income, or LMI, tracts) took 20.5%, against 15.5%. That may simply reflect where it lends. Its biggest market is San Francisco-Oakland-Fremont, where it ranks 72 of 606, followed by San Jose-Sunnyvale-Santa Clara.
LMI borrowers took 17.3% of its loans, against 27.5% at similar lenders. Its large loans and its tilt toward refinancing are possible reasons.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Monterra Credit Union took 654 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 78.7% · Purchase 20.2% · Other 1.1%
Conventional 100.0% · of 367 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 |
|---|---|---|
| California | 367 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| San Francisco-San Mateo-Redwood City | 225 |
| Oakland-Fremont-Berkeley | 49 |
| San Jose-Sunnyvale-Santa Clara | 26 |
| Sacramento-Roseville-Folsom | 22 |
| Vallejo | 7 |
| Santa Rosa-Petaluma | 5 |
| Stockton-Lodi | 5 |
| Los Angeles-Long Beach-Glendale | 3 |
| Riverside-San Bernardino-Ontario | 3 |
| Anaheim-Santa Ana-Irvine | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300QNPOF1WCRKLZ94 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 996091 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 562736 | 1992–2017 |
Established 1 January 1952. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Monterra Credit Union's data.
Monterra Credit Union's data
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