Buyers first
Purchases made up 71.1% of its loans and refinances 28.1%. Its typical loan was $145,000, against $105,000 at similar lenders (credit unions making between half and twice as many loans), more than about three-quarters of them.
Applications / Mortgage Analytics / Lenders / Michigan / Jolt Credit Union
Jolt Credit Union
Saginaw, MI · Credit union · NCUA · $472 million assets · 114 loans in 2025
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114
loans originated, 2025
331
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Jolt Credit Union is a home-purchase lender with a firm place around Saginaw, Michigan, and in 2025 its loans grew faster than at the typical similar credit union.
A fixture at home
It has lent in Saginaw since at least 1990 and ranks 21 of 212 lenders there, with 1.2% of the market; Frankenmuth Credit Union leads. In Bay City it ranks 15 of 172, with 1.7%, unchanged. Its share of Midland fell to 0.4% from 0.7%, though in a market that small a few loans move the share.
Growth after a long slide
It made 114 loans in 2025, up 13% from 101, while similar lenders grew 8% and the whole market 10%. That is still far below the 297 loans of 2021 and the 206 of five years before.
Lower rates, more modest borrowers
Its typical rate was 5.99%, against 6.75% at similar lenders, lower than about nine in ten. Low- and moderate-income borrowers took 34.5% of its loans, against 29.4%, higher than at about three in five similar lenders.
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
114 loans in 2025, against a peak of 297 in 2021.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Jolt Credit Union took 331 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
71.1% of its 2025 loans were purchase loans; all were conventional loans.
Purchase 71.1% · Refinance 28.1% · Home improvement 0.9%
Conventional 100.0% · of 114 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
1 state, 10 metros, 17 counties
| State | Loans | Share |
|---|---|---|
| Michigan | 114 | 100.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Saginaw | 48 |
| Bay City | 40 |
| Midland | 7 |
| Warren-Troy-Farmington Hills | 2 |
| Battle Creek | 1 |
| Detroit-Dearborn-Livonia | 1 |
| Grand Rapids-Wyoming-Kentwood | 1 |
| Kalamazoo-Portage | 1 |
| Lansing-East Lansing | 1 |
| Traverse City | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300760C8FJ53D2J56 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 214982 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 510848 | 1990–2017 |
Established 1 January 1956. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Jolt Credit Union's data.
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