Applications / Mortgage Analytics / Lenders / Michigan / Compass Credit Union
Sparta, MI · Credit union · NCUA · $97.7 million assets · 33 loans in 2025
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33
loans originated, 2025
50
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Compass Credit Union, of Sparta, Michigan, more than doubled its lending in 2025, to 33 loans, none of them for buying a home.
Its loans rose 136% in 2025, from 14, faster than at nearly all similar lenders (credit unions making between half and twice as many loans); a typical one made no more loans than the year before. It made 5 loans in 2023. The credit union filed no HMDA report from 2018 to 2022; those years are gaps in the record, not years without lending.
Loans for other purposes made up 81.8% of its lending and home improvement the remaining 18.2%. Its typical loan was $45,000, less than half the $95,000 at similar lenders and smaller than at nearly all of them. A book without purchase loans may account for the smaller sums.
It lends in five Michigan counties. It has filed in the Grand Rapids metro since 1994 and in Muskegon since 1996, and began lending in non-metro Michigan in 2023. In Grand Rapids it ranked 256 of 436 lenders; Lake Michigan Credit Union leads that market with $1.62B.
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, 2023–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Compass Credit Union took 50 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 81.8% · Home improvement 18.2%
Conventional 100.0% · of 33 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 | 33 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Grand Rapids-Wyoming-Kentwood | 17 |
| Muskegon-Norton Shores | 4 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900S9O3X6S7MHHC17 | 2023–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 885298 | 2023–2023 |
| Respondent ID (the HMDA filer code before 2018) | 562040 | 1994–1996 |
Established 1 January 1956. Reported under HMDA 1994-2025.
Mergers, name changes, data editions and corrections: Compass Credit Union's data.
Compass Credit Union's data
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