Applications / Mortgage Analytics / Lenders / Utah / Thrivent Federal Credit Union
Salt Lake City, UT · State non-member bank · FDIC · $996 million assets · 139 loans in 2025
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139
loans originated, 2025
207
applications, 2025
32
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Thrivent Federal Credit Union's lending more than halved in 2025, the year its history records the founding of Thrivent Bank.
It made 139 loans, down 55% from 310, while similar lenders (state non-member banks making between half and twice as many loans) grew 9% and the whole market 10%. It made 1,286 loans in 2020. A separate Thrivent Bank filed its first report in 2025, so one possibility is that lending moved to the new bank rather than stopped; the figures cannot settle it.
Purchases made up 36.0% of its loans, home improvement 28.1% and other purposes 26.6%; refinances were just 9.4%. Its typical loan was $95,000, smaller than at more than nine in ten similar lenders, where it was $175,000. Every loan was conventional.
Its typical rate was 7.75%, against 6.95% at similar lenders, and 7.9% of its loans were higher-priced, meaning a rate well above the average for similar loans, against 3.0%. Home-improvement and other-purpose loans, more than half its lending, often carry higher rates than first mortgages, which could account for much of the gap.
It lends in 32 states and 61 metros, holding no real share anywhere. Of its loans, 15.1% were in majority-minority neighborhoods, against 5.1% at similar lenders, perhaps because its footprint takes in big metros such as Chicago and Atlanta.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Thrivent Federal Credit Union took 207 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 36.0% · Home improvement 28.1% · Other 26.6% · Refinance 9.4%
Conventional 100.0% · of 139 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 | 24 | 17.3% |
| Wisconsin | 18 | 12.9% |
| Illinois | 14 | 10.1% |
| Ohio | 11 | 7.9% |
| Arizona | 7 | 5.0% |
| Florida | 6 | 4.3% |
| California | 5 | 3.6% |
| Georgia | 5 | 3.6% |
| Indiana | 5 | 3.6% |
| Pennsylvania | 4 | 2.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 18 |
| Chicago-Naperville-Schaumburg | 7 |
| Cleveland | 7 |
| Duluth | 4 |
| Milwaukee-Waukesha | 4 |
| Phoenix-Mesa-Chandler | 4 |
| Atlanta-Sandy Springs-Roswell | 2 |
| Elgin | 2 |
| Houston-Pasadena-The Woodlands | 2 |
| Kansas City | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300WW4OBT30G5DK23 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 4457536 | 2013–2023 |
| Respondent ID (the HMDA filer code before 2018) | 524849 | 2013–2017 |
Established 1 June 2025. Reported under HMDA 2013-2025.
Mergers, name changes, data editions and corrections: Thrivent Federal Credit Union's data.
Thrivent Federal Credit Union's data
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