Applications / Mortgage Analytics / Lenders / South Dakota / Aspen Federal Credit Union
Rapid City, SD · Credit union · NCUA · $164 million assets · 60 loans in 2025
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60
loans originated, 2025
115
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Aspen Federal Credit Union, in Rapid City, lends mostly for home improvement, and its 60 loans in 2025 were 25% more than in 2024.
Home improvement made up 40.0% of its loans; purchases and refinances took about a fifth each. Its typical loan rose to $100,000 from $55,000, close to the $95,000 at similar lenders (credit unions making between half and twice as many loans).
Its loans rose faster than at about seven in ten similar lenders, whose loans rose 7%. Its total lending more than doubled, to $11.6 million from $5.0 million. It filed no report for 2018 to 2023, so only two years can be compared.
In Rapid City it ranked 22 of 181 lenders with 0.9% of the market; CMG Mortgage led and Black Hills Federal Credit Union was second. In 2025 it also made its first loans in non-metro Nebraska and in Austin.
Low- and moderate-income (LMI) borrowers took 31.7% of its loans, near the middle of its peers. LMI areas took 21.7%, against 17.4%, more than at about two-thirds of them. Majority-minority areas took 3.3%, against 9.8%; on 60 loans in six counties that is a couple of loans.
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, 2024–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Aspen Federal Credit Union took 115 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 40.0% · Other 21.7% · Purchase 20.0% · Refinance 18.3%
Conventional 95.0% · VA 5.0% · of 60 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 |
|---|---|---|
| South Dakota | 58 | 96.7% |
| Nebraska | 1 | 1.7% |
| Texas | 1 | 1.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Rapid City | 55 |
| Austin-Round Rock-San Marcos | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 98450068WC14506F0D88 | 2024–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 253682 | 2012–2016 |
| Respondent ID (the HMDA filer code before 2018) | 517224 | 2012–2016 |
Established 1 January 1966. Reported under HMDA 2012-2025.
Mergers, name changes, data editions and corrections: Aspen Federal Credit Union's data.
Aspen Federal Credit Union's data
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Aspen Federal 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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