Applications / Mortgage Analytics / Lenders / Wisconsin / Northwestern Mutual Credit Union
Milwaukee, WI · Credit union · NCUA · $265 million assets · 45 loans in 2025
Northwestern Mutual Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
45
loans originated, 2025
62
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Northwestern Mutual Credit Union makes few loans but large ones: its typical loan, at $255,000, was well over twice that of similar credit unions in 2025.
Its typical loan was larger than at more than nine in ten similar lenders (credit unions making between half and twice as many loans), whose typical loan was $95,000. Refinances made up 53.3% of its 45 loans and purchases 20.0%; home improvement and other purposes together were just over a quarter.
Its typical rate was 6.50%, against 6.75% at peers, lower than about two-thirds of them. None of its loans was higher-priced (a rate well above the average for similar loans), against 3.5% at the typical peer.
Low- and moderate-income borrowers took 11.1% of its loans, against 31.1% at peers, among the lowest tenth. Loans of its size may go mostly to higher-income households, which could account for much of the gap. On 45 loans, its neighborhood shares are too small to read much into.
It made 282 loans five years earlier, when its typical rate was 2.90%, and 45 in 2025, down 13% on the year while peers grew 3%. With refinances still more than half its lending, the rise in rates since then may explain much of the fall.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Northwestern Mutual Credit Union took 62 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 53.3% · Purchase 20.0% · Other 17.8% · Home improvement 8.9%
Conventional 100.0% · of 45 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 |
|---|---|---|
| Wisconsin | 45 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Milwaukee-Waukesha | 40 |
| Racine-Mount Pleasant | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300E02I9FR0A6YT35 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 21993 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 566555 | 1999–2017 |
Established 1 January 1933. Reported under HMDA 1999-2025.
Mergers, name changes, data editions and corrections: Northwestern Mutual Credit Union's data.
Northwestern Mutual Credit Union's data
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Northwestern Mutual 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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