Applications / Mortgage Analytics / Lenders / Michigan / Pfcu
Portland, MI · Credit union · NCUA · $835 million assets · 242 loans in 2025
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242
loans originated, 2025
307
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Pfcu, a Michigan credit union, lends far more to low- and moderate-income borrowers than most similar lenders, and its loans rose 14% in 2025.
Low- and moderate-income (LMI) borrowers took 43.9% of its loans, against 27.8% at similar lenders, credit unions making between half and twice as many loans. That is more than at about nine in ten of them. Yet only 10.7% of its loans went to LMI neighborhoods, against 16.3% at peers. One possible reason is where it lends: 21 counties in one state, which may hold fewer such neighborhoods.
Its loans rose 14%, against 5% at similar lenders and 10% in the whole market. The count is still well below the 565 loans it made in 2020. Home purchases took 45.0% of its lending and home improvement 22.3%.
Manufactured homes made up 5.0% of its loans, against 0.2% at peers, more than at nearly nine in ten. It turned down 3.0% of first-lien home-purchase applications, against 8.0% at similar lenders, fewer than at about four in five.
In Lansing-East Lansing it ranked 38 of 333 lenders, with 0.5% of the market, up 0.1 points. In Grand Rapids-Wyoming-Kentwood it ranked 60 of 436, with 0.3%, unchanged.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Pfcu took 307 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 45.0% · Home improvement 22.3% · Refinance 16.5% · Other 15.7% · Not applicable 0.4%
Conventional 99.2% · USDA (RHS or FSA) 0.8% · of 242 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 | 242 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Grand Rapids-Wyoming-Kentwood | 125 |
| Lansing-East Lansing | 56 |
| Flint | 19 |
| Saginaw | 3 |
| Battle Creek | 1 |
| Traverse City | 1 |
| Warren-Troy-Farmington Hills | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 2549008NRAZRGNG0TT58 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 607472 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 55477 | 1999–2017 |
Established 1 January 1947. Reported under HMDA 1999-2025.
Mergers, name changes, data editions and corrections: Pfcu's data.
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