No home buyers
Home improvement made up 60.3% of its loans, other purposes 26.5% and refinances 13.2%. It made no home-purchase loans. Its similar lenders are credit unions making between half and twice as many loans.
Applications / Mortgage Analytics / Lenders / Minnesota / Expedition Credit Union
Expedition Credit Union
Mendota Heights, MN · Credit union · NCUA · $220 million assets · 68 loans in 2025
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68
loans originated, 2025
108
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Expedition Credit Union, a Minnesota credit union, lends to people who already own homes, mostly for home improvement; it made 68 loans in both 2024 and 2025.
Small loans to match
Its typical loan was $65,000, against $95,000 at peers, smaller than about four in five of them. Its typical rate, 7.50%, was higher than peers' 6.75%; its home-improvement and other-purpose mix may explain that. None of its loans was higher-priced (a rate well above the average for similar loans).
Flat volume
It made 68 loans in both years, while similar lenders grew 7%. It filed no report for 2018 to 2023, so its record has a gap there.
Spread thinly across Minnesota
It lends in five metros and 18 counties. In Minneapolis-St. Paul-Bloomington, its largest market, it ranked 315 of 688 lenders. Low- and moderate-income (LMI) borrowers took 34.8% of its loans, against 30.9% 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, 2024–2025
68 loans in 2025, against a peak of 68 in 2024.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Expedition Credit Union took 108 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
60.3% of its 2025 loans were home improvement loans; all were conventional loans.
Home improvement 60.3% · Other 26.5% · Refinance 13.2%
Conventional 100.0% · of 68 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
1 state, 5 metros, 18 counties
| State | Loans | Share |
|---|---|---|
| Minnesota | 68 | 100.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 60 |
| Duluth | 1 |
| Mankato | 1 |
| Rochester | 1 |
| St. Cloud | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900E01NSQ6T7WDM16 | 2024–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 274995 | 2014–2017 |
| Respondent ID (the HMDA filer code before 2018) | 562964 | 1994–2017 |
Established 1 January 1957. Reported under HMDA 1994-2025.
Mergers, name changes, data editions and corrections: Expedition Credit Union's data.
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