Applications / Mortgage Analytics / Lenders / Minnesota / Two Harbors Federal Credit Union
Two Harbors, MN · Credit union · NCUA · $117 million assets · 55 loans in 2025
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55
loans originated, 2025
57
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Two Harbors Federal Credit Union is a small lender to people who already own their homes: refinancing and other borrowing against a house made up most of its 55 loans in 2025.
Refinancing was 52.7% of its lending and other purposes 29.1%. Home improvement and purchases were 9.1% each. Every loan was conventional, and the typical one was $75,000, against $95,000 at the 493 similar lenders, credit unions making between half and twice as many loans.
Its typical rate was 6.24%, down from 6.94% a year earlier and against 6.75% at similar lenders. That is lower than at more than four in five of them.
Loans fell 28%, from 76 to 55, while similar lenders grew 6% and the whole market 10%. That puts its growth among the lowest tenth of its peers. With a book this small, a couple of dozen loans either way makes a large swing, and a lender so reliant on refinancing and other borrowing by owners may feel any lull in that demand first. Its share of Duluth, its one metro, slipped from 0.2% to 0.1%.
Low- and moderate-income (LMI) borrowers took 40.0% of its loans, against 31.2% at the typical peer. That is higher than at about three in four similar lenders, and up from 32.0% in 2020.
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, 2019–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Two Harbors Federal Credit Union took 57 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 52.7% · Other 29.1% · Home improvement 9.1% · Purchase 9.1%
Conventional 100.0% · of 55 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 |
|---|---|---|
| Minnesota | 55 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Duluth | 15 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900HBR13MJYNT3634 | 2019–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 1868850 | 2022–2023 |
Established 1 January 1948. Reported under HMDA 2019-2025.
Mergers, name changes, data editions and corrections: Two Harbors Federal Credit Union's data.
Two Harbors Federal Credit Union's data
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Two Harbors 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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