Applications / Mortgage Analytics / Lenders / South Carolina / Spero Financial Federal Credit Union
Greenville, SC · Credit union · NCUA · $707 million assets · 403 loans in 2025
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403
loans originated, 2025
502
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Spero Financial Federal Credit Union, a South Carolina credit union, lends mostly to people who already own their homes: purchases were only 5.2% of its loans in 2025.
Similar lenders here are credit unions making between half and twice as many loans. Home-improvement loans made up 43.2% of Spero's lending, and refinances and other purposes 25.8% each. Every loan was conventional, with none backed by a government agency. Its typical loan, $105,000, is the same as the typical peer's.
Its loans jumped from 158 in 2021 to 598 in 2022; its 2021 merger may account for part of that. They have eased every year since, to 403 in 2025, down 9% while the typical peer grew 7% and the whole market 10%. Even so, it makes more than twice as many loans as it did in 2020.
Greenville-Anderson-Greer is its largest market. It has lent there since 1991 and ranks 41 of 589 lenders. Its share slipped from 0.7% to 0.6%, and in Spartanburg from 0.3% to 0.2%. Its own loans fell 9% while the whole market grew 10%, which alone could account for the slip.
Low- and moderate-income (LMI) borrowers took 22.6% of its loans, against 27.3% at the typical peer, lower than about seven in ten peers. A lender to existing owners rather than buyers may simply see fewer of them. Its share of lending in LMI neighborhoods, 14.0%, is close to the peers' 15.4%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Spero Financial Federal Credit Union took 502 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 43.2% · Other 25.8% · Refinance 25.8% · Purchase 5.2%
Conventional 100.0% · of 403 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 |
|---|---|---|
| South Carolina | 393 | 97.5% |
| Georgia | 5 | 1.2% |
| North Carolina | 4 | 1.0% |
| Tennessee | 1 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Greenville-Anderson-Greer | 295 |
| Spartanburg | 58 |
| Columbia | 19 |
| Charleston-North Charleston | 7 |
| Charlotte-Concord-Gastonia | 3 |
| Athens-Clarke County | 2 |
| Atlanta-Sandy Springs-Roswell | 1 |
| Cleveland | 1 |
| Hilton Head Island-Bluffton-Port Royal | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300XOP6YO0UN0TY92 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 584171 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 5361 | 1991–2017 |
Established 1 January 1935. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Spero Financial Federal Credit Union's data.
Spero Financial Federal Credit Union's data
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Spero Financial 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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