Applications / Mortgage Analytics / Lenders / Michigan / Great Lakes Federal Credit Union
Bay City, MI · Credit union · NCUA · $59.8 million assets · 57 loans in 2025
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57
loans originated, 2025
57
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Great Lakes Federal Credit Union makes very small loans in and around Bay City, and many of them go to poorer neighborhoods.
Its typical loan was $55,000, among the lowest twentieth of similar lenders, credit unions making between half and twice as many loans, whose typical loan was $95,000. Its lending splits about evenly between purchases, refinances and home improvement, and home-improvement loans can be small. All were conventional.
Some 38.6% of its loans went to poorer neighborhoods (low- and moderate-income tracts), against 17.4% at the typical similar lender, higher than at more than nine in ten of them. Its share of lower-income borrowers, 31.6%, was close to the peers' 30.9%.
Its loans rose 21%, from 47 to 57, faster than the 6% of similar lenders and the 10% of the whole market. In 2023 it reported only 30. Years with no report, 2018, 2021 and 2022, are gaps in the record rather than years without lending.
It has lent in Bay City since 1991. Its share there rose from 0.6% to 0.7%, ranking 29 of 172 lenders, in a small market led by Rocket Mortgage with $26.2M. It also edged up in Saginaw. Its typical rate, 6.25%, was a little below the 6.74% of its 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, 2019–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Great Lakes Federal Credit Union took 57 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 35.1% · Refinance 33.3% · Home improvement 31.6%
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 | 57 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Bay City | 36 |
| Saginaw | 13 |
| Midland | 2 |
| Flint | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900L3KCJDL0CQNP11 | 2019–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 349697 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 561296 | 1991–2006 |
Established 1 January 1963. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Great Lakes Federal Credit Union's data.
Great Lakes Federal Credit Union's data
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Great Lakes 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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