Applications / Mortgage Analytics / Lenders / Michigan / United Financial Credit Union
Saginaw, MI · Credit union · NCUA · $343 million assets · 111 loans in 2025
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111
loans originated, 2025
170
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
United Financial Credit Union is a fixture of the Saginaw market, where it ranks 16 of 212 lenders, and it grew a little faster than similar credit unions in 2025.
It has lent in Saginaw since at least 1990 and in 2025 held 1.5% of that market, up from 0.9%. Frankenmuth Credit Union led it. In neighboring Bay City it ranked 26 of 172. Its loans grew larger as well as more numerous, so the rise in share rests partly on loan size.
It made 111 loans, up 13%, while similar lenders, credit unions making between half and twice as many loans, grew 8% and the whole market 10%. Five years earlier it made 207. Purchases were 40.5% of its loans, refinances 23.4% and the rest home improvement and other purposes.
Its typical loan rose to $135,000 from $75,000, above the $105,000 at similar lenders and larger than at about three-quarters of them. The figures do not show why; purchases, at 40.5% of its loans, are one possible source of bigger balances.
Low- and moderate-income borrowers took 20.9% of its loans, down from 29.9% and below the 29.7% at similar lenders. Lending to more buyers of pricier homes, or in different parts of its markets, could explain the change.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. United Financial Credit Union took 170 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 40.5% · Refinance 23.4% · Other 21.6% · Home improvement 14.4%
Conventional 100.0% · of 111 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 |
|---|---|---|
| Michigan | 111 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Saginaw | 59 |
| Bay City | 23 |
| Midland | 7 |
| Flint | 4 |
| Detroit-Dearborn-Livonia | 2 |
| Lansing-East Lansing | 2 |
| Grand Rapids-Wyoming-Kentwood | 1 |
| Kalamazoo-Portage | 1 |
| Warren-Troy-Farmington Hills | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493001BHN5KL2O67M10 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 959797 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 561657 | 1990–2017 |
Established 1 January 1964. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: United Financial Credit Union's data.
United Financial Credit Union's data
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United Financial 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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