A refinancing lender
Refinances made up 67.4% of its loans and purchases 27.9%. All were conventional. Its typical loan was $215,000, against $245,000 at similar lenders, savings institutions making between half and twice as many loans.
Applications / Mortgage Analytics / Lenders / Pennsylvania / Iron Workers Savings Bank
Iron Workers Savings Bank
Aston, PA · Savings institution · FDIC · $212 million assets · 43 loans in 2025
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43
loans originated, 2025
49
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Iron Workers Savings Bank, a Philadelphia-area savings bank since at least 1990, mostly refinances, and made 43 loans in 2025, far fewer than in 2020.
Lending less than in 2020
It made 105 loans in 2020, when its typical rate was 3.12%. Similar lenders' typical rate is now 6.50%. A lender that leans on refinancing tends to lend less when rates are higher, which may explain much of the fall to 43.
A small rise
Its loans rose 8% from 40, while similar lenders grew 1%. On so few loans, that is too small to read much into.
A Philadelphia lender
It ranks 261 of 784 lenders in Philadelphia, a market led by CrossCountry Mortgage. Some 21.2% of its borrowers had low or moderate incomes (LMI), near the middle of similar lenders, where the typical figure was 24.1%. It began as Iron Workers Savings and Loan Association and took its present name in 1999.
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
43 loans in 2025, against a peak of 107 in 2021.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Iron Workers Savings Bank took 49 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
67.4% of its 2025 loans were refinance loans; all were conventional loans.
Refinance 67.4% · Purchase 27.9% · Home improvement 2.3% · Other 2.3%
Conventional 100.0% · of 43 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 |
|---|---|---|
| Pennsylvania | 38 | 88.4% |
| New Jersey | 3 | 7.0% |
| Delaware | 2 | 4.7% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Philadelphia | 34 |
| Montgomery County-Bucks County-Chester County | 4 |
| Atlantic City-Hammonton | 2 |
| Lakewood-New Brunswick | 1 |
| Wilmington | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900SBY94JVYQ1Y131 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 45775 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 42601 | 1990–1998 |
| Respondent ID (the HMDA filer code before 2018) | 328908 | 1999–2017 |
Established 1 January 1879. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Iron Workers Savings Bank's data.
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