Applications / Mortgage Analytics / Lenders / Maine / TruChoice Federal Credit Union
South Portland, ME · Credit union · NCUA · $249 million assets · 220 loans in 2025
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220
loans originated, 2025
334
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
TruChoice Federal Credit Union, a Maine credit union, rarely lends people money to buy a home: most of its 220 loans in 2025 were for home improvement or other purposes.
Other-purpose loans made up 51.8% of its lending and home-improvement loans 33.2%. Purchases were 10.9% and refinances 4.1%. Such loans are small, and its typical loan, $75,000, was smaller than at most similar lenders (credit unions making between half and twice as many loans), where it was $105,000.
Some 11.8% of its loans were higher-priced, meaning a rate well above the average for similar loans, against 1.9% at similar lenders. Home-improvement and other-purpose loans are often priced above first mortgages, and with most of its lending of that kind, the mix could account for most of the gap. Its typical rate was 7.50%, against 6.75%.
Some 34.7% of its loans went to low- and moderate-income borrowers, against 27.7% at similar lenders, more than at about seven in ten of them. Its share in poorer neighborhoods, 18.6%, was a little above similar lenders' 16.6%.
It has lent in Portland-South Portland since 1993 and ranks 50 of 364 lenders there, with a share of 0.4%, unchanged from a year earlier. Its loan count fell 2% while similar lenders grew 7%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. TruChoice Federal Credit Union took 334 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 51.8% · Home improvement 33.2% · Purchase 10.9% · Refinance 4.1%
Conventional 100.0% · of 220 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 |
|---|---|---|
| Maine | 220 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Portland-South Portland | 197 |
| Lewiston-Auburn | 7 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300LGD38SS4PVFC71 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 699383 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 510100 | 1993–2017 |
Established 1 January 1955. Reported under HMDA 1993-2025.
Mergers, name changes, data editions and corrections: TruChoice Federal Credit Union's data.
TruChoice Federal Credit Union's data
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TruChoice 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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