Applications / Mortgage Analytics / Lenders / Connecticut / Nutmeg State Financial
Rocky Hill, CT · Credit union · NCUA · $889 million assets · 395 loans in 2025
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395
loans originated, 2025
726
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Nutmeg State Financial is a Connecticut credit union that lends mostly for home improvement, and it buys loans, which similar lenders almost never do.
Home improvement made up 51.4% of its loans and purchases just 6.3%. Its typical loan was $75,000, against $105,000 at similar lenders (credit unions making between half and twice as many loans), lower than about nine in ten of them.
It bought 148 loans in 2025, up from 78 in 2024. The typical similar lender bought none, and it bought more than almost all of them.
Its originations fell 4%, while similar lenders' rose 6% and the whole market's 10%. In Hartford-West Hartford-East Hartford, CT, its largest market, it ranks 62 of 464 and its share slipped 0.1 points to 0.4%; Liberty Bank leads. Fewer loans may explain the slip, and a ranking by dollars gives small home-improvement loans little weight. Its 2024 and 2025 mergers count in these market figures.
Low- and moderate-income (LMI) borrowers took 27.0% of its loans, near the middle of similar lenders. Loans in LMI neighborhoods were 12.2%, against 15.4%, lower than about three-quarters of peers. That may reflect the neighborhoods in the nine counties it serves.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Nutmeg State Financial took 726 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 51.4% · Refinance 28.4% · Other 13.9% · Purchase 6.3%
Conventional 100.0% · of 395 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 |
|---|---|---|
| Connecticut | 394 | 99.7% |
| Massachusetts | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Hartford-West Hartford-East Hartford | 291 |
| New Haven | 59 |
| Bridgeport-Stamford-Danbury | 28 |
| Norwich-New London-Willimantic | 9 |
| Worcester | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300XUMML1SMLTVQ62 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 857772 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 5855 | 1990–2014 |
| Respondent ID (the HMDA filer code before 2018) | 568657 | 2015–2017 |
Established 1 January 1935. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Nutmeg State Financial's data.
Nutmeg State Financial's data
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Nutmeg State Financial 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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