A refinance shop
Refinances made up 75.7% of its 103 loans; the rest were purchases. Its typical loan, $105,000, was close to the $100,000 of similar lenders (credit unions making between half and twice as many loans).
Applications / Mortgage Analytics / Lenders / Massachusetts / Greater Springfield Credit Union
Greater Springfield Credit Union
Springfield, MA · Credit union · NCUA · $227 million assets · 103 loans in 2025
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103
loans originated, 2025
136
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Greater Springfield Credit Union is a refinance lender: three in four of its loans in 2025 were refinances, and it lends far more in majority-minority neighborhoods than similar credit unions do.
Down from the 2020 peak
It made 253 loans in 2020 and 103 in 2025. Lending fell 6% in the latest year, while similar credit unions grew 8% and the whole market 10%. It is still above the 86 loans it made in 2019. As a refinance lender, its volume may simply follow demand for refinancing.
Lending in mixed neighborhoods
Majority-minority neighborhoods took 41.8% of its loans, against 9.4% at similar credit unions and 26.4% for the credit union a year before. Low- and moderate-income (LMI) neighborhoods took 23.3%, more than at about three-quarters of similar lenders. Its home market, Springfield, is one possible reason.
Steady at home
In Springfield it ranks 41 of 322 lenders with 0.6% of a $2.23B market, unchanged from a year earlier. Westfield Bank leads. It has lent there since 1992.
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
103 loans in 2025, against a peak of 253 in 2020.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Greater Springfield Credit Union took 136 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
75.7% of its 2025 loans were refinance loans; all were conventional loans.
Refinance 75.7% · Purchase 24.3%
Conventional 100.0% · of 103 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
3 states, 5 metros, 6 counties
| State | Loans | Share |
|---|---|---|
| Massachusetts | 99 | 96.1% |
| Connecticut | 3 | 2.9% |
| New Hampshire | 1 | 1.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Springfield | 94 |
| Amherst Town-Northampton | 4 |
| Hartford-West Hartford-East Hartford | 3 |
| Boston | 1 |
| Rockingham County-Strafford County | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300SE1WZDU07WPD35 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 147099 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 567902 | 1992–2017 |
Established 1 January 1927. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Greater Springfield Credit Union's data.
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