Applications / Mortgage Analytics / Lenders / Indiana / Madison County Federal Credit Union
Anderson, IN · Credit union · NCUA · $113 million assets · 75 loans in 2025
Madison County Federal Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
75
loans originated, 2025
98
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Madison County Federal Credit Union lends mainly for home improvement, and half its loans went to poorer neighborhoods (low- and moderate-income, or LMI, tracts), about three times the share at similar credit unions.
Home improvement made up 53.3% of its 75 loans in 2025 and other purposes 33.3%; home purchases were 2.7%. Its typical loan was $65,000, against $95,000 at similar lenders, meaning other credit unions making between half and twice as many loans. Small loans suit that kind of work.
LMI tracts took 50.7% of its loans, against 17.4% at similar lenders, a higher share than nearly all of them. In 2020 the figure was 23.7%. LMI borrowers took 48.6%, against 30.5%, higher than about nine in ten similar credit unions.
Its higher-priced share (loans at a rate well above the average for similar loans) was 9.3%, about three times peers' 3.2%, and its typical rate was 7.50%, against 6.75%. Home-improvement and other-purpose loans, which make up most of its book, usually cost more than first mortgages on a home purchase, which could account for most of that.
Its loans fell 14% in 2025, while similar lenders grew 6% and the whole market 10%. The count has swung widely, from 37 in 2019 to 163 in 2022. At this size a handful of projects moves the total, so one year's fall says little.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Madison County Federal Credit Union took 98 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 53.3% · Other 33.3% · Refinance 10.7% · Purchase 2.7%
Conventional 100.0% · of 75 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 |
|---|---|---|
| Indiana | 75 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Indianapolis-Carmel-Greenwood | 67 |
| Muncie | 6 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 25490053IH908EDF8D65 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 570875 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 5306 | 1990–2017 |
Established 1 January 1935. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Madison County Federal Credit Union's data.
Madison County Federal Credit Union's data
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Madison County 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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