Applications / Mortgage Analytics / Lenders / Washington / Industrial CU of Whatcom County
Bellingham, WA · Credit union · NCUA · $388 million assets · 58 loans in 2025
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58
loans originated, 2025
109
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Industrial CU of Whatcom County is a Bellingham credit union that makes only purchase and refinance loans, about a third of them on manufactured homes, and is gaining ground in its home market.
Manufactured homes made up 34.5% of its loans in 2025; the typical similar lender (credit unions making between half and twice as many loans) made none. That puts it among the highest few percent of its peers on this measure.
Every loan was a purchase, 55.2%, or a refinance, 44.8%. It made no home-improvement or other-purpose loans, which tend to be small. That may help explain why its typical loan, $300,000, is about three times the $95,000 at similar lenders.
It ranks 26 of 256 lenders in Bellingham, with 0.8% of the market, up from 0.5%. It has lent there since 1991. Whatcom Educational Credit Union leads that market. Its loans rose 41% to 58, against 7% at similar lenders.
It filed no reports for 2021 and 2022; those years are missing, not empty. It made 85 loans in 2020, against 58 in 2025. But larger loans have more than made up the dollars: $18.5 million in 2025 against $16.8 million in 2020.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. 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. Industrial CU of Whatcom County took 109 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 55.2% · Refinance 44.8%
Conventional 93.1% · VA 5.2% · USDA (RHS or FSA) 1.7% · of 58 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 |
|---|---|---|
| Washington | 58 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Bellingham | 48 |
| Mount Vernon-Anacortes | 3 |
| Everett | 1 |
| Olympia-Lacey-Tumwater | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300DJT1WS6SELJS28 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 122591 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 566337 | 1991–2017 |
Established 1 January 1941. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Industrial CU of Whatcom County's data.
Industrial CU of Whatcom County's data
$215
Industrial CU of Whatcom County 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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