A sharp fall
Its loans fell 41% in 2025, to 17, after 29 in 2024 and 95 in 2023. Similar lenders (credit unions making between half and twice as many loans) fell 10% and typically made 23. The data do not say why its lending shrank.
Applications / Mortgage Analytics / Lenders / Massachusetts / Members Plus Credit Union
Members Plus Credit Union
Medford, MA · Credit union · NCUA · $341 million assets · 17 loans in 2025
Members Plus Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
17
loans originated, 2025
17
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Members Plus Credit Union, a Medford, Massachusetts credit union reporting since 1992, made only 17 mortgage loans in 2025, far fewer than in recent years.
Too few loans to judge
With 17 loans, its shares of loan purposes, borrowers and neighborhoods turn on one or two loans each. Its typical rate and loan size rest on the same handful. There is too little to read much into any of them.
A long history and a merger
It first reported in 1992. It merged with Everett Credit Union in 2018, and that credit union's filings count as its own in the competition figures. Its lending has swung widely since, from 36 loans in 2020 to 95 in 2023.
A small player near Boston
All its lending was in Massachusetts, across 7 counties. Around Boston it ranks 394 of 664 lenders, where Citizens Bank, Leader Bank and Guaranteed Rate lead. It ranks lower still around Worcester and Providence-Warwick.
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
17 loans in 2025, against a peak of 95 in 2023.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Members Plus Credit Union took 17 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
47.1% of its 2025 loans were home improvement loans; all were conventional loans.
Home improvement 47.1% · Purchase 29.4% · Other 11.8% · Refinance 11.8%
Conventional 100.0% · of 17 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
1 state, 4 metros, 7 counties
| State | Loans | Share |
|---|---|---|
| Massachusetts | 17 | 100.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Boston | 9 |
| Cambridge-Newton-Framingham | 6 |
| Providence-Warwick | 1 |
| Worcester | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900VYWY829DG3Z473 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 202493 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 566706 | 1992–2017 |
Established 1 January 1940. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Members Plus Credit Union's data.
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