Applications / Mortgage Analytics / Lenders / Washington / Seattle Metropolitan Credit Union
Seattle, WA · Credit union · NCUA · $1.1 billion assets · 56 loans in 2025
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56
loans originated, 2025
303
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Seattle Metropolitan Credit Union has cut its home lending by about nine-tenths in five years, to 56 loans in 2025 from 529 in 2020, but still makes far larger loans than similar credit unions.
Its originations fell 58% in 2025, from 132. Similar lenders (other credit unions making between half and twice as many loans) grew 7%, and the whole market 10%. Almost none of its peers shrank faster. The count has fallen every year since 2020. It may have chosen to lend less, or lost refinancing business; the figures do not say which.
Purchases made up 71.4% of its loans and refinancing 23.2%. Its typical loan was $450,000, against $95,000 at similar lenders, larger than at almost all of them. So its 56 loans came to $48.9 million, more than six times the typical peer's $8.0 million.
Low- and moderate-income neighborhoods took 41.8% of its loans, against 17.4% at similar lenders, more than at nine in ten of them. Majority-minority neighborhoods took 41.1%, against 9.6%. Both shares have risen from 22.9% and 19.3% five years before.
In Seattle, where it has lent since 1998, it ranks 165 of 597 lenders. Its share rose in Yakima, from 0.2% to 0.3%, ranking 51 of 216, and in Kennewick-Richland, to 0.2%. Its small share in Spokane slipped, which may reflect its smaller lending.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Seattle Metropolitan Credit Union took 303 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 71.4% · Refinance 23.2% · Other 5.4%
Conventional 100.0% · of 56 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 |
|---|---|---|
| Washington | 55 | 98.2% |
| Oregon | 1 | 1.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Seattle-Bellevue-Kent | 22 |
| Everett | 11 |
| Yakima | 10 |
| Tacoma-Lakewood | 5 |
| Kennewick-Richland | 2 |
| Spokane-Spokane Valley | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493007QERYQSQ3QNH02 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 74793 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 568315 | 1998–2017 |
Established 1 January 1933. Reported under HMDA 1998-2025.
Mergers, name changes, data editions and corrections: Seattle Metropolitan Credit Union's data.
Seattle Metropolitan Credit Union's data
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Seattle Metropolitan 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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