Applications / Mortgage Analytics / Lenders / Massachusetts / New Bedford Credit Union
New Bedford, MA · Credit union · NCUA · $167 million assets · 110 loans in 2025
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110
loans originated, 2025
156
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
New Bedford Credit Union grew faster than most similar credit unions in 2025, and its lending is mostly refinancing and home improvement rather than purchases.
It made 110 loans, up 22% from 90, against growth of 7% at similar credit unions, those making between half and twice as many loans, and 10% across the market. That is faster than about two-thirds of them. Its record swings widely, from 75 loans in 2019 to 188 in 2022, so one good year says little about a trend.
Purchases made up only 11.8% of its loans. Refinancing, at 42.7%, and home improvement, at 27.3%, made up most of the rest, which suggests a lender that mainly serves members who already own their homes.
Of its loans, 23.6% went to low- and moderate-income neighborhoods, against 17.2% at similar credit unions, more than at about three-quarters of them. Its share of borrowers with such incomes, 32.7%, is a little above the middle.
In Providence-Warwick, its largest market, it holds 0.1%, unchanged from the year before, in a market led by Citizens Bank. It has lent there since 1992.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. New Bedford Credit Union took 156 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 42.7% · Home improvement 27.3% · Other 18.2% · Purchase 11.8%
Conventional 100.0% · of 110 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 |
|---|---|---|
| Massachusetts | 110 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Providence-Warwick | 94 |
| Boston | 16 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 25490055DH0FCOSJLM57 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 581899 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 566733 | 1992–2017 |
Established 1 January 1932. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: New Bedford Credit Union's data.
New Bedford Credit Union's data
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New Bedford 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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