Applications / Mortgage Analytics / Lenders / Minnesota / SMW Financial Credit Union
Lino Lakes, MN · Credit union · NCUA · $90.8 million assets · 20 loans in 2025
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20
loans originated, 2025
21
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
SMW Financial Credit Union, a small Minnesota lender that first filed under HMDA in 1990, made 20 loans in 2025, down from 37 a year earlier.
Its loans fell 46%. Similar lenders, credit unions making between half and twice as many loans, typically fell 5%, and the whole market rose 10%. It made fewer loans than about three in four of them. With so few loans, one or two more or less move every figure, so there is little to read into the change.
All of its 2025 loans were refinances, home-improvement or other loans; none financed a purchase. Its typical loan was $70,000, against $105,000 at similar credit unions. On 20 loans, that is too few to read much into.
It filed no report for 2020, 2021 or 2022. Since 2020 a lender making fewer than 100 closed-end loans a year need not report, so those are gaps in the record, not years without lending. It made 42 loans in 2018 and 34 in 2019.
All its lending is in Minnesota, across nine counties. In Minneapolis-St. Paul it ranked 439 of 688 lenders; Bell Bank leads that market.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. 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. SMW Financial Credit Union took 21 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 50.0% · Other 30.0% · Home improvement 20.0%
Conventional 100.0% · of 20 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 |
|---|---|---|
| Minnesota | 20 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 18 |
| St. Cloud | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300B6S67QUY869538 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 112994 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 524363 | 1990–2016 |
| Respondent ID (the HMDA filer code before 2018) | 568676 | 2017–2017 |
Established 1 January 1954. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: SMW Financial Credit Union's data.
SMW Financial Credit Union's data
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SMW Financial 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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