Applications / Mortgage Analytics / Lenders / Massachusetts / Pioneer Valley Federal Credit Union
Springfield, MA · Credit union · NCUA · $160 million assets · 50 loans in 2025
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50
loans originated, 2025
92
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Pioneer Valley Federal Credit Union is a Springfield, Massachusetts, credit union that lends mainly to people improving or refinancing homes they already own, not to buyers.
Home improvement made up 44.0% of its 50 loans and refinancing 40.0%. Purchases were only 16.0%. Every loan was conventional. Its typical loan, $85,000, was close to the $95,000 at the middle of similar lenders (credit unions making between half and twice as many loans).
Its loans rose 16%, from 43 to 50, against 6% at the middle of its peers and 10% for the whole market, which puts it near the middle of the group. It is well below its 2021 peak of 127 loans and the 73 a year it made in 2022 and 2023. Its loan dollars roughly doubled on a small rise in the count, so its dollar figures say little.
Majority-minority areas took 24.0% of its loans, up from 9.3% a year earlier and against 9.7% at the middle of its peers, more than at about seven in ten of them. Its share in low- and moderate-income (LMI) neighborhoods, 22.0%, was also above the peer figure of 17.5%.
LMI borrowers took 20.0% of its loans, against 31.3% for its peers, lower than at about four in five of them. A lender focused on improvement loans and refinances serves people who already own homes, which may be one reason. In Springfield it ranked 74 of 322 lenders; Westfield Bank led there.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Pioneer Valley Federal Credit Union took 92 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 44.0% · Refinance 40.0% · Purchase 16.0%
Conventional 100.0% · of 50 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 | 42 | 84.0% |
| Connecticut | 7 | 14.0% |
| Florida | 1 | 2.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Springfield | 37 |
| Hartford-West Hartford-East Hartford | 5 |
| Boston | 3 |
| Amherst Town-Northampton | 2 |
| New Haven | 2 |
| West Palm Beach-Boca Raton-Delray Beach | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493001YS08XHF42M037 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 426691 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 524443 | 2009–2017 |
Established 1 January 1923. Reported under HMDA 2009-2025.
Mergers, name changes, data editions and corrections: Pioneer Valley Federal Credit Union's data.
Pioneer Valley Federal Credit Union's data
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Pioneer Valley 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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