Applications / Mortgage Analytics / Lenders / Montana / Billings Federal Credit Union
Billings, MT · Credit union · NCUA · $218 million assets · 55 loans in 2025
Billings Federal Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
55
loans originated, 2025
57
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Billings Federal Credit Union makes ordinary first mortgages in Billings, MT, where it ranks 19 of 201 lenders.
Purchases made up 65.5% of its loans and refinances the rest; it made no home-improvement loans. Its typical loan was $275,000, higher than more than nine in ten similar lenders (credit unions making between half and twice as many loans). Theirs was $95,000.
Its typical rate was 6.38%, against 6.75% at similar lenders, lower than about three-quarters of them. None of its loans was higher-priced, meaning a rate well above the average for similar loans; at its peers, 3.0% were.
Low- and moderate-income (LMI) borrowers took 18.2% of its loans, against 31.4% at similar lenders. Its larger first-mortgage loans may be one reason. In LMI neighborhoods it looks like its peers: 20.0% of its loans went there, against 17.5%.
It made 203 loans in 2020 and 192 in 2021, then just 24 in 2023. It has since recovered to 55. Its typical rate was 3.12% in 2020, so the earlier peak may reflect cheap money rather than a change in its business. In Billings its share fell to 1.2% from 1.4%, which could follow from its smaller volume.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Billings Federal Credit Union took 57 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 65.5% · Refinance 34.5%
Conventional 100.0% · of 55 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 |
|---|---|---|
| Montana | 55 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Billings | 51 |
| Bozeman | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300V0B2PZ5XF4SB58 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 205878 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 5887 | 1990–2017 |
Established 1 January 1935. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Billings Federal Credit Union's data.
Billings Federal Credit Union's data
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Billings 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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