Applications / Mortgage Analytics / Lenders / Iowa / Advantage Credit Union
Newton, IA · Credit union · NCUA · $104 million assets · 57 loans in 2025
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57
loans originated, 2025
61
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Advantage Credit Union, of Newton, Iowa, lends mostly to borrowers of modest means, and far more so than similar credit unions.
Borrowers with low and moderate incomes (LMI) took 69.1% of its loans, against 30.9% at similar lenders (credit unions making between half and twice as many loans). Poorer neighborhoods (LMI tracts) took 66.1%, against 17.4%. In both it was higher than nearly all similar lenders. Only 1.8% went to majority-minority areas, against 9.6%, which may reflect a footprint of four Iowa counties in one metro.
It first reported in 2023, with 77 loans, then 11 in 2024 and 57 in 2025. The 418% rise rests on that tiny 2024 count, so it says little about a trend. Why 2024 was so thin, the figures here do not say. Earlier years are gaps in the record, not years without lending.
Refinances made up 63.2% of its loans, other purposes 22.8% and purchases 8.8%. Its typical loan was $75,000, against $95,000 at peers. None was higher-priced (a rate well above the average for similar loans).
In Des Moines-West Des Moines it ranked 122 of 396 lenders with 0.1% of the market, up 0.1 points. GreenState Credit Union and Veridian Credit Union led there.
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, 2023–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Advantage Credit Union took 61 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 63.2% · Other 22.8% · Purchase 8.8% · Home improvement 5.3%
Conventional 100.0% · of 57 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 |
|---|---|---|
| Iowa | 56 | 98.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Des Moines-West Des Moines | 52 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 875500ZJDRM0XDIDE169 | 2022–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 548696 | 2023–2023 |
Established 1 January 1937. Reported under HMDA 2023-2025.
Mergers, name changes, data editions and corrections: Advantage Credit Union's data.
Advantage Credit Union's data
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Advantage 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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