Applications / Mortgage Analytics / Lenders / Wisconsin / Farmers & Merchants Union Bank
Columbus, WI · State non-member bank · FDIC · $683 million assets · 86 loans in 2025
Farmers & Merchants Union Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
86
loans originated, 2025
112
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Farmers & Merchants Union Bank doubled its loan count in 2025, to 86, the year it merged with Wisconsin River Bank, growing faster than almost all similar banks.
Its loan count rose 100%, from 43, against 9% at similar lenders (state non-member banks making between half and twice as many loans). The merger with Wisconsin River Bank may explain much of it. Even so, it made far fewer loans than the 288 of 2020.
Its share of Janesville-Beloit jumped from 0.0% to 0.9%, ranking it 26 of 264. Wisconsin River Bank's filings now count as its own in these figures, which may account for much of the rise. In Madison its share rose from 0.1% to 0.2%; Summit Credit Union led there.
Borrowers with low and moderate incomes (LMI borrowers) took 37.7% of its loans, more than at about four in five similar lenders, where the figure was 27.5%. Poorer neighborhoods (LMI areas) took 12.8%, up from 2.3% in 2024 but below the 18.5% at similar lenders. Its 11 counties may hold few such areas.
Its typical loan was $135,000, against $175,000 at similar lenders, and every loan was conventional. Purchases made up 50.0% and refinances 36.0%. It also bought 4 loans from other lenders, which few similar banks did.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Farmers & Merchants Union Bank took 112 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 50.0% · Refinance 36.0% · Other 8.1% · Home improvement 5.8%
Conventional 100.0% · of 86 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 |
|---|---|---|
| Wisconsin | 85 | 98.8% |
| Florida | 1 | 1.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Madison | 44 |
| Janesville-Beloit | 20 |
| Milwaukee-Waukesha | 1 |
| North Port-Bradenton-Sarasota | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300YHR41F57LS0R28 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 51842 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 314445 | 2004–2017 |
Established 5 September 1861. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: Farmers & Merchants Union Bank's data.
Farmers & Merchants Union Bank's data
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