Applications / Mortgage Analytics / Lenders / Alaska / True North Federal Credit Union
Juneau, AK · Credit union · NCUA · $237 million assets · 82 loans in 2025
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82
loans originated, 2025
146
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
True North Federal Credit Union is an Alaska home lender whose loans run larger than most similar credit unions', and about one in seven of them finances a manufactured home.
Manufactured homes made up 14.6% of its 82 loans in 2025; most similar lenders (credit unions making between half and twice as many loans) made none. Purchases were 47.6% of its loans and refinances 43.9%. Its typical rate, 7.31%, was higher than at about three in four peers, whose typical rate was 6.75%; manufactured-home loans usually cost more, which may explain much of that difference.
Its typical loan was $135,000, against $95,000 at similar lenders, and its 82 loans came to $17.5 million, against $11.5 million for the typical peer. It lends mostly on whole homes rather than on small repair or equity loans, which may account for the gap.
Its biggest market is non-metro Alaska, where it ranked 13 of 126 lenders behind Global Federal Credit Union and Residential Mortgage. It has lent there since 1998. In Anchorage its share held at 0.1%.
Its loans slipped 2% in 2025, from 84 to 82, while similar lenders grew 7%. It made 141 loans in 2020, when its typical rate was 2.88%; cheaper money then may explain much of the fall since.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. True North Federal Credit Union took 146 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 47.6% · Refinance 43.9% · Other 7.3% · Home improvement 1.2%
Conventional 90.2% · FHA 4.9% · VA 4.9% · of 82 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 |
|---|---|---|
| Alaska | 81 | 98.8% |
| Washington | 1 | 1.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Anchorage | 14 |
| Fairbanks-College | 2 |
| Yakima | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300QWJ0FR6RCHNK90 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 358475 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 55892 | 1996–2017 |
Established 1 January 1948. Reported under HMDA 1996-2025.
Mergers, name changes, data editions and corrections: True North Federal Credit Union's data.
True North Federal Credit Union's data
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True North 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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