Applications / Mortgage Analytics / Lenders / Massachusetts / NESC Federal Credit Union
Methuen, MA · Credit union · NCUA · $121 million assets · 29 loans in 2025
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29
loans originated, 2025
36
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
NESC Federal Credit Union, a Methuen, Massachusetts, credit union, made 29 home loans in 2025, its fewest in the years shown, and most of them were for purposes other than buying or refinancing a home.
It made 29 loans in 2025, down 41% from 49, while similar lenders (credit unions making between half and twice as many loans) fell 3%. Its count has dropped every year since 2021, from 92 to 29, and it made 125 in 2018. With so few loans, a handful either way moves the total sharply.
Loans for other purposes, neither purchases, refinances nor home improvements, made up 69.0% of its 2025 lending; refinances were 17.2% and purchases 13.8%. All were conventional, with no government backing. Its typical loan was $85,000, close to the $95,000 at similar lenders.
More than half its borrowers had low or moderate incomes (LMI) in each of 2020, 2024 and 2025: 50.7% of 75 loans in 2020 and 55.1% of 49 in 2024. Similar lenders made 31.9% of their loans to such borrowers in 2025. The 2025 figures rest on too few loans to read much into, but the pattern holds across years.
It has lent in Boston-Cambridge-Newton since 1990, ranking 406 of 664 lenders there, and also in Worcester and Manchester-Nashua. In 2008 it merged with Lawrence Fire Fighters Federal Credit Union.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. NESC Federal Credit Union took 36 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 69.0% · Refinance 17.2% · Purchase 13.8%
Conventional 100.0% · of 29 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 |
|---|---|---|
| Massachusetts | 22 | 75.9% |
| New Hampshire | 7 | 24.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Cambridge-Newton-Framingham | 20 |
| Rockingham County-Strafford County | 6 |
| Worcester | 2 |
| Manchester-Nashua | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300P4KO88PZ6HZH66 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 188186 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 512334 | 1994–2017 |
Established 1 January 1958. Reported under HMDA 1994-2025.
Mergers, name changes, data editions and corrections: NESC Federal Credit Union's data.
NESC Federal Credit Union's data
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