Applications / Mortgage Analytics / Lenders / Alabama / Alabama State Employees Credit Union
Montgomery, AL · Credit union · NCUA · $442 million assets · 114 loans in 2025
Alabama State Employees Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
114
loans originated, 2025
115
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Alabama State Employees Credit Union makes many small loans in Montgomery, few of them to buy homes, and ranks 48th of 331 lenders there.
Other purposes made up 35.1% of its 114 loans, refinances 34.2% and home improvement 25.4%. Purchases took only 5.3%. Its typical loan was $65,000. At similar lenders (credit unions making between half and twice as many loans) it was $105,000, and this credit union's was lower than at about six in seven of them. Such loans may explain why it lent $10.2 million, below the $15.0 million at peers, despite making more loans.
It made 114 loans, against 115 in 2024, while similar lenders grew 8% and the market 10%. It has made between 91 and 123 loans a year since 2020.
Majority-minority areas took 21.6% of its loans, against 9.2% at peers, more than at about seven in ten of them. Lending centered on Montgomery may explain that. Its shares to borrowers with low and moderate incomes, 27.0%, and in poorer neighborhoods, 15.3%, were a little below the middle.
It has lent in Montgomery since 1990. It ranked 48 of 331 lenders there with 0.4% of the market, down 0.1 points; a handful of loans either way moves a share this small. Guild Mortgage Company led. Higher-priced loans (a rate well above the average for similar loans) were 1.8% of its lending, against 2.9% at peers.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Alabama State Employees Credit Union took 115 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 35.1% · Refinance 34.2% · Home improvement 25.4% · Purchase 5.3%
Conventional 100.0% · of 114 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 |
|---|---|---|
| Alabama | 111 | 97.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Montgomery | 81 |
| Birmingham | 11 |
| Auburn-Opelika | 2 |
| Daphne-Fairhope-Foley | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300IL6X4MHW0HHI39 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 784494 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 564598 | 1990–2017 |
Established 1 January 1954. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Alabama State Employees Credit Union's data.
Alabama State Employees Credit Union's data
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Alabama State Employees 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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