Applications / Mortgage Analytics / Lenders / Michigan / Extra Credit Union
Warren, MI · Credit union · NCUA · $336 million assets · 57 loans in 2025
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57
loans originated, 2025
119
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Extra Credit Union lends to poorer households far more often than almost any credit union its size, even as its mortgage business keeps shrinking.
Its loans fell 14% in 2025, to 57. Similar lenders, credit unions making between half and twice as many loans, grew 7%, and the whole market 10%; its growth was lower than about three in four of them. It has made fewer loans every year since 2020, when it made 124. Nearly two-thirds of its loans are refinances, so its volume may simply follow refinance demand.
57.9% of its loans went to low- and moderate-income (LMI) borrowers, against 30.9% at similar lenders. 45.6% went to homes in LMI neighborhoods, against 17.4%. On both counts it was higher than nearly all of them. With 57 loans, a few loans move these shares, but the gap is wide.
Refinances made up 64.9% of its loans and purchases 19.3%. Every loan was conventional, with no government-backed or jumbo loans. Its typical loan, $105,000, was close to similar lenders' $95,000.
It has lent in the Detroit-Warren-Dearborn area since at least 1990 and in Flint since 2000. In Flint it held 0.1% of the market, ranking 126 of 285 lenders. It lends in 9 counties, mostly in Michigan.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Extra Credit Union took 119 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 64.9% · Purchase 19.3% · Other 10.5% · Home improvement 5.3%
Conventional 100.0% · of 57 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 | 56 | 98.2% |
| Georgia | 1 | 1.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Warren-Troy-Farmington Hills | 45 |
| Detroit-Dearborn-Livonia | 5 |
| Flint | 3 |
| Atlanta-Sandy Springs-Roswell | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 2549006AC9Y4MDVXIL37 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 479697 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 560428 | 1990–2017 |
Established 1 January 1954. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Extra Credit Union's data.
Extra Credit Union's data
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Extra 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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