Applications / Mortgage Analytics / Lenders / Michigan / Best Financial Credit Union
Muskegon, MI · Credit union · NCUA · $143 million assets · 52 loans in 2025
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52
loans originated, 2025
52
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Best Financial Credit Union lends mainly to people fixing up their homes: 76.9% of its 52 loans in 2025 were for home improvement.
Purchases made up most of the rest. Its typical loan was $65,000, lower than about four in five similar lenders (credit unions making between half and twice as many loans), whose typical loan was $95,000. Renovation loans tend to be small, which may explain the gap.
It made 52 loans, down from 92 in 2024, a drop of 43%. Similar lenders grew by 6%. Big swings are nothing new for it: its yearly count has moved between 21 and 92 since 2018.
Low- and moderate-income (LMI) borrowers took 42.3% of its loans, more than at about three-quarters of similar lenders. Yet only 3.9% of its loans went to LMI neighborhoods, against 18.0% at its peers and 14.1% for the credit union a year earlier. On 52 loans a few loans shift that share. It may also reflect where in its four counties members happened to borrow this year.
In Muskegon-Norton Shores, MI, where it has reported since 1993, its share fell to 0.5% from 0.8%. That ranks it 35 of 233 lenders. The fall may simply follow its smaller loan count.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Best Financial Credit Union took 52 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 76.9% · Purchase 21.2% · Refinance 1.9%
Conventional 100.0% · of 52 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 | 52 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Muskegon-Norton Shores | 43 |
| Grand Rapids-Wyoming-Kentwood | 7 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900G3F37LO9XNZA95 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 742092 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 562027 | 1990–2017 |
Established 1 January 1955. Reported under HMDA 1993-2025.
Mergers, name changes, data editions and corrections: Best Financial Credit Union's data.
Best Financial Credit Union's data
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Best Financial 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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