Applications / Mortgage Analytics / Lenders / Illinois / Gas & Electric Credit Union
Rock Island, IL · Credit union · NCUA · $128 million assets · 35 loans in 2025
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35
loans originated, 2025
35
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Gas & Electric Credit Union, a small lender in Rock Island, Illinois, made 35 home loans in 2025, up from 19, after several years of decline.
Its loans rose 84% in 2025, while similar credit unions (those making between half and twice as many loans) held steady. The rebound leaves it at about a third of the 101 loans it made in 2020. With so few loans, a handful more or less moves every figure.
Every loan was conventional, and two-thirds (65.7%) financed a home purchase; the rest were refinances. Its typical rate, 6.12%, was lower than at more than four in five similar credit unions. None of its loans was higher-priced, meaning a rate well above the average for similar loans. About half its borrowers (51.4%) had low or moderate incomes, though on 35 loans that share can swing widely.
In the Davenport-Moline-Rock Island market, where it has lent since 1993, it ranks 48 of 288 lenders, with 0.3% of the market, up 0.1 points. GreenState Credit Union leads that market. Its lending reaches two states and ten counties.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Gas & Electric Credit Union took 35 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 65.7% · Refinance 34.3%
Conventional 100.0% · of 35 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 |
|---|---|---|
| Illinois | 20 | 57.1% |
| Iowa | 15 | 42.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Davenport-Moline-Rock Island | 29 |
| Cedar Rapids | 1 |
| Des Moines-West Des Moines | 1 |
| St. Louis | 1 |
| Springfield | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300WBJK857X8MNU96 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 511999 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 565003 | 1993–2017 |
Established 1 January 1935. Reported under HMDA 1993-2025.
Mergers, name changes, data editions and corrections: Gas & Electric Credit Union's data.
Gas & Electric Credit Union's data
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Gas & Electric 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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