Applications / Mortgage Analytics / Lenders / Massachusetts / Shrewsbury Federal Credit Union
Shrewsbury, MA · Credit union · NCUA · $246 million assets · 23 loans in 2025
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23
loans originated, 2025
46
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Shrewsbury Federal Credit Union is a very small mortgage lender in Massachusetts: it made 23 loans in 2025, about a quarter of its total at the 2021 peak.
It made 84 loans in 2020 and 86 in 2021, then 49 in 2022 and 35 in 2023. It has made about two dozen a year since: 22 in 2024 and 23 in 2025. Similar lenders, here credit unions making between half and twice as many loans, fell 5% last year while the whole market grew 10%, so its small rise put it ahead of about three in five of its peers.
With 23 loans, its shares of purchases, home improvement or lower-income borrowers swing widely with a handful of loans and say little about the credit union. Its dollar volume, $3.6 million, was close to the peer figure of $3.7 million. Every loan was conventional, as at most peers.
It lends in one state and two counties. Worcester is its main market, where it has lent since 1998 and ranked 196 of 451 lenders. Rocket Mortgage and United Wholesale Mortgage lead there. It also makes a few loans in Boston-Cambridge-Newton, where it is among the smallest of 664 lenders.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Shrewsbury Federal Credit Union took 46 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 52.2% · Purchase 21.7% · Other 13.0% · Refinance 13.0%
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 |
|---|---|---|
| Massachusetts | 23 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Worcester | 22 |
| Boston | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300Q4IFHVIODLF616 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 26886 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 513601 | 1997–2017 |
Established 1 January 1960. Reported under HMDA 1997-2025.
Mergers, name changes, data editions and corrections: Shrewsbury Federal Credit Union's data.
Shrewsbury Federal Credit Union's data
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Shrewsbury 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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