Applications / Mortgage Analytics / Lenders / Michigan / FinancialEdge Credit Union
Bay City, MI · Credit union · NCUA · $140 million assets · 65 loans in 2025
FinancialEdge Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
65
loans originated, 2025
65
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
FinancialEdge Credit Union, a Bay City lender reporting since 1993, is holding its loan count steady but losing share in its home market.
Its share of Bay City lending fell from 2.1% to 1.3% in 2025, though it still ranks 20th of 172 lenders. It made 65 loans against 66 in 2024, and its dollar volume slipped from $6.7 million to $6.3 million. In a $337.2M market a small lender can lose share without losing loans, if rivals such as Rocket Mortgage and 1st State Bank lend more.
Purchases and refinances were each 29.2% of its loans, other purposes 26.2% and home improvement 15.4%. Of its borrowers, 35.4% had low or moderate incomes, against 30.9% at similar lenders (credit unions making between half and twice as many loans).
None of its loans was higher-priced (a rate well above the average for similar loans), against 3.1% at peers, and its typical rate of 6.88% was close to peers' 6.75%. None was in a majority-minority tract either, against 9.3% at peers, which may reflect the Bay City, Saginaw and Midland markets it serves.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. FinancialEdge Credit Union took 65 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 29.2% · Refinance 29.2% · Other 26.2% · Home improvement 15.4%
Conventional 100.0% · of 65 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 | 65 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Bay City | 50 |
| Saginaw | 7 |
| Midland | 3 |
| Flint | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900DP7U0NF7JQDX23 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 957298 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 561619 | 1993–2017 |
Established 1 January 1950. Reported under HMDA 1993-2025.
Mergers, name changes, data editions and corrections: FinancialEdge Credit Union's data.
FinancialEdge Credit Union's data
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FinancialEdge 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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