Applications / Mortgage Analytics / Lenders / Alabama / Mutual Savings Credit Union
Hoover, AL · Credit union · NCUA · $241 million assets · 23 loans in 2025
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23
loans originated, 2025
59
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Mutual Savings Credit Union, an Alabama credit union that has reported since 1990, made 23 home loans in 2025, fewer than most similar credit unions.
It made 23 loans in 2025, down from 39, while similar lenders (credit unions making between half and twice as many loans) made 5% fewer. Its count has fallen every year since 2020, when it made 144. It may have chosen to lend less on homes, or met less demand; the figures do not show which.
Home purchases make up 43.5% of its loans, refinances 34.8% and home improvement 21.7%. Every loan was conventional.
Its typical loan was $175,000, against $95,000 at similar credit unions, but on 23 loans that figure swings widely: it was $75,000 in 2024. Its shares by borrower income and neighborhood are just as unsteady, and too small to read much into.
It ranks 178 of 523 lenders in Birmingham, where it has lent since 1990, and 147 of 306 in Tuscaloosa. It merged with Carraway Methodist Federal Credit Union in 2006 and Secure First Credit Union in 2015; their filings count as its own in the competition figures.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Mutual Savings Credit Union took 59 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 43.5% · Refinance 34.8% · Home improvement 21.7%
Conventional 100.0% · of 23 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 |
|---|---|---|
| Alabama | 23 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Birmingham | 17 |
| Tuscaloosa | 3 |
| Montgomery | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 2549008PQJ4J5Z32RI14 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 578291 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 560501 | 1990–2017 |
Established 1 January 1936. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Mutual Savings Credit Union's data.
Mutual Savings Credit Union's data
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Mutual Savings 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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