No home buyers
Home improvement made up 47.4% of its 38 loans in 2025, other purposes 36.8% and refinances 15.8%. It made no purchase loans. Every loan was conventional.
Applications / Mortgage Analytics / Lenders / Connecticut / United Business & Industry Federal Credit Union
United Business & Industry Federal Credit Union
Plainville, CT · Credit union · NCUA · $140 million assets · 38 loans in 2025
United Business & Industry Federal Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
38
loans originated, 2025
43
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
United Business & Industry Federal Credit Union makes small loans for home improvement and other purposes, none for buying homes, and half of them to low- and moderate-income borrowers.
Small loans
Its typical loan was $55,000, against $85,000 at similar lenders (credit unions making between half and twice as many loans), smaller than nearly all of them. Its mix of repair and other-purpose loans, with no home purchases, may explain the small size.
Reaching poorer borrowers
Low- and moderate-income borrowers took 50.0% of its loans, against 31.6% at similar lenders, higher than nearly nine in ten. It made 26.3% of its loans in low- and moderate-income neighborhoods, against 17.4%. Small loans for repairs may be within reach of owners on lower incomes.
Growing from a small base
Its loans rose 23%, from 31 to 38, against 1% at similar lenders. In Hartford it ranked 230 of 464 lenders; Liberty Bank led with $414.5M. It made 66 loans in 2018 and filed no reports for 2020 to 2022, which are gaps, not zeros.
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
38 loans in 2025, against a peak of 66 in 2018.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. United Business & Industry Federal Credit Union took 43 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
47.4% of its 2025 loans were home improvement loans; all were conventional loans.
Home improvement 47.4% · Other 36.8% · Refinance 15.8%
Conventional 100.0% · of 38 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
1 state, 2 metros, 4 counties
| State | Loans | Share |
|---|---|---|
| Connecticut | 38 | 100.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Hartford-West Hartford-East Hartford | 36 |
| Norwich-New London-Willimantic | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493006IZV5N1QXJNG33 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 605281 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 57244 | 2000–2017 |
Established 1 January 1951. Reported under HMDA 2000-2025.
Mergers, name changes, data editions and corrections: United Business & Industry Federal Credit Union's data.
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