Fixing, not buying
Home improvement made up 36.6% of its loans and other purposes 31.7%. Purchases were just 7.3%. Its typical loan was $105,000, close to the $95,000 at similar lenders (credit unions making between half and twice as many loans).
Applications / Mortgage Analytics / Lenders / Utah / Ascent Federal Credit Union
Ascent Federal Credit Union
Ogden, UT · Credit union · NCUA · $172 million assets · 82 loans in 2025
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82
loans originated, 2025
143
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Ascent Federal Credit Union, in northern Utah, lends mostly to fix up homes and for other purposes rather than to buy them, and its lending has shrunk every year since 2020.
Shrinking while peers grew
It made 82 loans, 26% fewer than in 2024, while similar lenders made 7% more. That was a steeper fall than at more than nine in ten of them. The count has dropped each year from 212 in 2020.
Prices near the middle
Its typical rate was 6.88%, against 6.75% at peers, and higher-priced loans (a rate well above the average for similar loans) were 3.8%, against 3.4%. Both sit near the middle of its peers. Low- and moderate-income (LMI) borrowers took 31.7% of its loans, also near the middle.
Fewer loans in poorer areas
LMI areas took 4.9% of its loans, down from 16.2% in 2024 and below the 17.2% at peers. On 82 loans that is a handful, so ordinary swings could explain much of the fall. In Ogden it ranked 93 of 308 lenders, its share down 0.1 points, perhaps because it made fewer loans; United Wholesale Mortgage led.
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
82 loans in 2025, against a peak of 212 in 2020.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Ascent Federal Credit Union took 143 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
36.6% of its 2025 loans were home improvement loans; all were conventional loans.
Home improvement 36.6% · Other 31.7% · Refinance 24.4% · Purchase 7.3%
Conventional 100.0% · of 82 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
2 states, 4 metros, 7 counties
| State | Loans | Share |
|---|---|---|
| Utah | 80 | 97.6% |
| Idaho | 2 | 2.4% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Ogden | 70 |
| Salt Lake City-Murray | 3 |
| Boise City | 2 |
| St. George | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 9845007E2D0BDH6C8955 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 651989 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 511520 | 1990–2017 |
Established 1 January 1957. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Ascent Federal Credit Union's data.
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