Applications / Mortgage Analytics / Lenders / Michigan / Security Credit Union
Holly, MI · Credit union · NCUA · $638 million assets · 196 loans in 2025
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196
loans originated, 2025
344
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Security Credit Union is a Michigan lender of small home-repair and other loans, and it lends to low- and moderate-income borrowers far more than similar credit unions do.
Half its 196 loans were for purposes other than buying, refinancing or improving a home, and a quarter were for home improvement. Only 16.8% financed a purchase. That may explain its typical loan of $55,000, about half the $105,000 at similar lenders (credit unions making between half and twice as many loans) and smaller than at almost all of them.
Low- and moderate-income (LMI) borrowers took 57.1% of its loans, against 27.9% at similar lenders. Homes in LMI neighborhoods took 39.5%, against 16.9%. Both shares are higher than at nearly all its peers, and both have risen since 2020.
Its loans rose 20% to 196 in 2025, faster than the 7% at the typical similar lender. That followed a fall every year from a peak of 457 in 2020. In Flint it held a 0.3% share and ranked 57 of 285 lenders, behind United Wholesale Mortgage and Rocket Mortgage.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Security Credit Union took 344 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 50.5% · Home improvement 26.0% · Purchase 16.8% · Refinance 6.6%
Conventional 99.0% · USDA (RHS or FSA) 1.0% · of 196 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 |
|---|---|---|
| Michigan | 195 | 99.5% |
| Ohio | 1 | 0.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Flint | 71 |
| Warren-Troy-Farmington Hills | 71 |
| Saginaw | 11 |
| Detroit-Dearborn-Livonia | 7 |
| Lansing-East Lansing | 2 |
| Ann Arbor | 1 |
| Bay City | 1 |
| Toledo | 1 |
| Traverse City | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493005RSCVBUTB80M24 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 280295 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 561159 | 1990–2017 |
Established 1 January 1955. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Security Credit Union's data.
Security Credit Union's data
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Security 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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