Applications / Mortgage Analytics / Lenders / Michigan / Meijer Credit Union
Grand Rapids, MI · Credit union · NCUA · $116 million assets · 70 loans in 2025
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70
loans originated, 2025
150
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Meijer Credit Union, in Grand Rapids, is mainly a home-improvement and other-purpose lender: most of its 70 loans in 2025 were neither home purchases nor refinances.
Other-purpose loans made up 35.7% of its lending and home improvement 24.3%. Home purchases were 22.9% and refinances 17.1%. Its typical loan, $95,000, matched that of similar lenders (credit unions making between half and twice as many loans).
Of its loans, 15.7% were higher-priced (a rate well above the average for similar loans), against 3.2% at peers, and its typical rate was 7.44%, against 6.75%. Its products could account for most of that. Home-improvement and other-purpose loans usually carry higher rates than first mortgages, and they make up most of its lending; another 4.3% of its loans were for manufactured homes, which are also priced higher.
In Grand Rapids-Wyoming-Kentwood it ranks 95 of 436 lenders, with a 0.1% share, unchanged from 2024. Lake Michigan Credit Union leads that market with $1.62B. Its loans fell 14% in 2025, from 81 to 70, while similar lenders grew 7%. Its share of loans to low- and moderate-income borrowers, 28.6%, is near the middle of its peers.
Its record has an odd dip: 66 loans in 2020, 5 in 2021 and 107 in 2022. Whether 2021 reflects a reporting problem or a real pause is not clear from the filings.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Meijer Credit Union took 150 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 35.7% · Home improvement 24.3% · Purchase 22.9% · Refinance 17.1%
Conventional 100.0% · of 70 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 |
|---|---|---|
| Michigan | 67 | 95.7% |
| Ohio | 2 | 2.9% |
| Illinois | 1 | 1.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Grand Rapids-Wyoming-Kentwood | 44 |
| Warren-Troy-Farmington Hills | 5 |
| Detroit-Dearborn-Livonia | 4 |
| Lansing-East Lansing | 4 |
| Muskegon-Norton Shores | 2 |
| Canton-Massillon | 1 |
| Chicago-Naperville-Schaumburg | 1 |
| Flint | 1 |
| Jackson | 1 |
| Kalamazoo-Portage | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300VH184HHOFFT776 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 663898 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 562393 | 1992–2017 |
Established 1 January 1958. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Meijer Credit Union's data.
Meijer Credit Union's data
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