Applications / Mortgage Analytics / Lenders / Massachusetts / Savers Co-Operative Bank
Southbridge, MA · Savings institution · FDIC · $790 million assets · 100 loans in 2025
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100
loans originated, 2025
118
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Savers Co-Operative Bank, a Massachusetts savings bank centered on Worcester, held its lending at 100 loans in 2025, about a third of its 2020 level.
It made 100 loans in both 2024 and 2025. Similar lenders (other savings institutions making between half and twice as many loans) grew 5%, and the whole market 10%, which puts the bank near the middle of its peers on growth. The longer story is a fall: it made 301 loans in 2020 and reached a low of 89 in 2023. It may have chosen to lend less, or lost refinancing business as that trade shrank; the figures do not say which.
Low- and moderate-income (LMI) borrowers took 32.6% of its loans, against 24.2% at similar lenders, more than at about three-quarters of them. That is no one-off: the share was 34.1% a year earlier and 29.3% five years before.
It has reported loans in Worcester since 1992 and ranks 56 of 451 lenders there. Its share slipped from 0.5% to 0.4%, which may reflect flat lending while the whole market grew. Its small shares in Hartford and Springfield also slipped, and in 2025 it made its first loans in rural New York.
Home purchases made up 49.0% of its loans, refinancing 22.0%, home improvement 15.0% and other purposes 14.0%. Every loan was conventional, as at most similar lenders, and its typical loan, $245,000, matched theirs.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Savers Co-Operative Bank took 118 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 49.0% · Refinance 22.0% · Home improvement 15.0% · Other 14.0%
Conventional 100.0% · of 100 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 | 87 | 87.0% |
| Connecticut | 11 | 11.0% |
| New York | 1 | 1.0% |
| Rhode Island | 1 | 1.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Worcester | 89 |
| Cambridge-Newton-Framingham | 3 |
| Boston | 2 |
| Springfield | 2 |
| Barnstable Town | 1 |
| Hartford-West Hartford-East Hartford | 1 |
| Providence-Warwick | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300EQ09ZL8XSYZM84 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 1002373 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 326455 | 1992–2017 |
Established 1 January 1910. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Savers Co-Operative Bank's data.
Savers Co-Operative Bank's data
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Savers Co-Operative Bank 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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