Applications / Mortgage Analytics / Lenders / Maine / PeoplesChoice Credit Union
Saco, ME · Credit union · NCUA · $361 million assets · 107 loans in 2025
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107
loans originated, 2025
220
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
PeoplesChoice Credit Union is a small Maine lender that makes much larger loans than similar credit unions and lends more often than most of them in poorer neighborhoods.
Its typical loan in 2025 was $355,000. Similar lenders, credit unions making between half and twice as many loans, typically lent $105,000, and almost none of them made larger loans. The figure has climbed from $190,000 five years before and $225,000 in 2024. Purchases were 47.7% of its loans and refinances 32.7%; whether the bigger loans reflect dearer homes or a change in what it lends for cannot be told from these figures.
Some 30.8% of its loans went to homes in low- and moderate-income (LMI) neighborhoods, against 17.2% at similar lenders, a higher share than nearly nine in ten of them. Five years earlier the share was 21.6%. Its share of loans to LMI borrowers, 34.0%, sits a little above the middle of its peers.
It made 107 loans, up 10% on 2024, the same growth as the whole market. In Portland-South Portland, where it first reported in 2002, its share slipped to 0.5% from 0.6%, ranking it 44 of 364 lenders behind United Wholesale Mortgage and Bangor Savings Bank. On about a hundred loans, a few loans make that difference.
None of its loans were in majority-minority neighborhoods, against 9.7% at similar lenders. Its lending is confined to 11 counties in Maine, and the makeup of those places may explain the gap. All its loans were conventional, with no government-backed lending, as is typical of its peers.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. PeoplesChoice Credit Union took 220 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 47.7% · Refinance 32.7% · Other 10.3% · Home improvement 9.3%
Conventional 100.0% · of 107 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 |
|---|---|---|
| Maine | 107 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Portland-South Portland | 88 |
| Lewiston-Auburn | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493009SFPZZ40DZTK92 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 345783 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 568442 | 2002–2017 |
Established 1 January 1963. Reported under HMDA 2002-2025.
Mergers, name changes, data editions and corrections: PeoplesChoice Credit Union's data.
PeoplesChoice Credit Union's data
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PeoplesChoice 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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