A first report
It first reported in 2025. Its 32 loans sit close to the 37 at similar lenders, credit unions making between half and twice as many loans. Its typical loan, $80,000, is a little below their $95,000.
Applications / Mortgage Analytics / Lenders / Louisiana / Essential Credit Union
Essential Credit Union
Baton Rouge, LA · Credit union · NCUA · 32 loans in 2025
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32
loans originated, 2025
67
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Essential Credit Union, a Baton Rouge credit union, appears in the mortgage record for the first time in 2025, with 32 loans, more than half of them refinances.
Mostly refinancing
Refinances made up 56.3% of its loans, purchases 28.1% and other purposes 15.6%. All were conventional loans, with none government-backed, as at most similar credit unions.
Poorer neighborhoods
Of its loans, 31.2% went to low- and moderate-income neighborhoods, against 17.8% at similar lenders, and 31.2% to majority-minority neighborhoods, against 9.7%. Both are higher than at most similar lenders. On 32 loans, a few homes either way move these shares, so they are too small to read much into.
A small player at home
In Baton Rouge it ranks 128 of 369 lenders, with 0.1% of the market; United Wholesale Mortgage and GMFS lead. It also lends in Gulfport-Biloxi and non-metro Virginia.
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, 2025–2025
32 loans in 2025, its most in any year since 2025.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Essential Credit Union took 67 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
56.3% of its 2025 loans were refinance loans; all were conventional loans.
Refinance 56.3% · Purchase 28.1% · Other 15.6%
Conventional 100.0% · of 32 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
3 states, 2 metros, 8 counties
| State | Loans | Share |
|---|---|---|
| Louisiana | 30 | 93.8% |
| Mississippi | 1 | 3.1% |
| Virginia | 1 | 3.1% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Baton Rouge | 30 |
| Gulfport-Biloxi | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 2549004JE61TGJKFJQ92 | 2025–2025 |
Established 4 May 1972. Reported under HMDA in 2025.
Mergers, name changes, data editions and corrections: Essential Credit Union's data.
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