Applications / Mortgage Analytics / Lenders / New York / Salt City Federal Credit Union
Solvay, NY · Credit union · NCUA · $110 million assets · 33 loans in 2025
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33
loans originated, 2025
41
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Salt City Federal Credit Union, a small Syracuse credit union, lends almost entirely for home improvement and other purposes, not for buying homes.
Home-improvement loans made up 48.5% of its 33 loans in 2025, and loans for other purposes another 48.5%; refinances made up the rest. All were conventional. That may explain why its typical loan is small: $55,000, against $95,000 at similar lenders, the 393 credit unions making between half and twice as many loans.
None of its loans was higher-priced (a rate well above the average for similar loans), against 2.9% at the typical peer. Its typical rate, 6.00%, was lower than at almost nine in ten peers.
Low- and moderate-income borrowers took 40.6% of its loans, against 31.6% at peers, a higher share than at nearly three-quarters of them. Thirty-three loans is a small base, so the figure could move a lot from year to year.
Its count rose 74%, to 33 from 19, faster than at more than nine in ten peers; the typical peer was flat and the whole market grew 10%. It filed no report for 2018 to 2022, so those years are gaps in the record. In Syracuse, its only metro, it ranked 92 of 246 lenders, behind Empower Federal Credit Union and Americu 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, 2023–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Salt City Federal Credit Union took 41 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 48.5% · Other 48.5% · Refinance 3.0%
Conventional 100.0% · of 33 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 |
|---|---|---|
| New York | 33 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Syracuse | 33 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 894500KOG527QMFEK485 | 2023–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 242387 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 58512 | 1992–2016 |
Established 1 January 1953. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Salt City Federal Credit Union's data.
Salt City Federal Credit Union's data
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Salt City Federal 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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