Applications / Mortgage Analytics / Lenders / Michigan / Public Service Credit Union
Romulus, MI · Credit union · NCUA · $452 million assets · 329 loans in 2025
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329
loans originated, 2025
675
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Public Service Credit Union has grown from 51 loans in 2020 to 329 in 2025, almost all of them small loans for home improvement and other purposes.
Other purposes made up 51.7% of its loans and home improvement 41.6%. Purchases and refinances were just 3.3% each. Its typical loan, $55,000, was the smallest among similar lenders (credit unions making between half and twice as many loans), whose typical loan was $105,000.
Higher-priced loans (a rate well above the average for similar loans) were 17.3% of its lending, against 2.0% at its peers. Its typical rate was 7.50%, against 6.88%. Its mix is a plausible reason: almost all its lending is for home improvement and other purposes, not purchase or refinance.
Low- and moderate-income (LMI) neighborhoods took 26.5% of its loans, against 15.8% at peers, higher than at more than nine in ten of them. Majority-minority neighborhoods took 38.0%, against 12.1%. LMI borrowers took 37.1%, higher than at about four in five peers.
Its loans rose 5% in 2025, near the middle of similar lenders, which grew 7%. Its largest market is Detroit-Warren-Dearborn, where it has lent since 1991 and United Wholesale Mortgage leads.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Public Service Credit Union took 675 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 51.7% · Home improvement 41.6% · Purchase 3.3% · Refinance 3.3%
Conventional 100.0% · of 329 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 | 328 | 99.7% |
| Pennsylvania | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Detroit-Dearborn-Livonia | 267 |
| Warren-Troy-Farmington Hills | 36 |
| Monroe | 12 |
| Ann Arbor | 5 |
| Grand Rapids-Wyoming-Kentwood | 1 |
| Kalamazoo-Portage | 1 |
| Lansing-East Lansing | 1 |
| Philadelphia | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900MCB5QTUWUWQ396 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 431592 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 560683 | 1991–2017 |
Established 1 January 1951. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Public Service Credit Union's data.
Public Service Credit Union's data
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Public Service 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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