Applications / Mortgage Analytics / Lenders / Michigan / Circle Federal Credit Union
Niles, MI · Credit union · NCUA · $116 million assets · 3 loans in 2025
Circle Federal Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
3
loans originated, 2025
4
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Circle Federal Credit Union, a Michigan credit union that made 413 home loans in 2021, reported just 3 in 2025.
The decline came in two drops. Loans fell from 341 in 2022 to 86 in 2023, eased to 54 in 2024, then fell to 3. That is a fall of 94% in a year, when similar credit unions, those making between half and twice as many loans, fell by 52% and the whole market grew by 10%. The figures do not say why the credit union all but stopped reporting mortgages.
Three loans cannot carry a comparison. Their shares of poorer borrowers, their prices and their purpose say almost nothing about the credit union's lending, so they are left aside here. The 16 similar credit unions are themselves tiny, with a typical count of 3 loans, so the comparison group is thin as well.
Its busier years show what kind of lender it was. In 2020 it made 387 loans, 98.7% of them conventional, with almost no government-backed or jumbo lending, and a typical loan of $135,000. Its typical rate that year was 3.12%.
Its lending sits in two counties, in South Bend-Mishawaka and in Niles, Michigan. It has lent in both since 1995, the year of its first report. With 3 loans in 2025 its presence in either is now marginal.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Circle Federal Credit Union took 4 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 66.7% · Purchase 33.3%
Conventional 100.0% · of 3 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 | 3 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| South Bend-Mishawaka | 2 |
| Niles | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900LXHR6OP0TSZ915 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 822387 | 2011–2023 |
| Respondent ID (the HMDA filer code before 2018) | 522114 | 1995–2017 |
Established 1 January 1975. Reported under HMDA 1995-2025.
Mergers, name changes, data editions and corrections: Circle Federal Credit Union's data.
Circle Federal Credit Union's data
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Circle 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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