Applications / Mortgage Analytics / Lenders / Montana / Valley Financial Credit Union
Billings, MT · Credit union · NCUA · $574 million assets · 280 loans in 2025
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280
loans originated, 2025
374
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Valley Financial Credit Union, a Billings lender that leans on home-improvement loans, made 280 loans in 2025, a fall of 23% after an unusually busy 2024.
Its loans fell 23% while similar lenders, credit unions making between half and twice as many loans, grew by 7% and the whole market by 10%. Few similar lenders shrank faster. But 2024, at 363 loans, was the outlier: the credit union made between 198 and 244 a year from 2018 to 2023, so 280 is still above its usual level.
Home-improvement loans make up 36.8% of its lending, as much as refinancing; purchases are 23.9%. That leaves its typical loan at $85,000, against $105,000 at similar lenders, lower than about three in four of them. It also finances more manufactured homes than about nine in ten similar lenders, at 5.7% of its loans against 0.2%.
In Billings, its largest market, it ranked 11th of 201 lenders with 2.6% of dollars lent, down from 4.6%. Stockman Bank of Montana leads. The fall in its own lending after 2024 may account for much of that slip, and smaller loans count for less in a dollar share. Its share of loans in poorer neighborhoods (low- and moderate-income, or LMI, tracts), at 16.5%, sits near the middle of similar 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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Valley Financial Credit Union took 374 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 36.8% · Refinance 36.8% · Purchase 23.9% · Other 2.5%
Conventional 99.6% · FHA 0.4% · of 280 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 |
|---|---|---|
| Montana | 264 | 94.3% |
| Wyoming | 15 | 5.4% |
| Arizona | 1 | 0.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Billings | 219 |
| Bozeman | 16 |
| Helena | 1 |
| Phoenix-Mesa-Chandler | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300E57105E8PDY082 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 868590 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 524214 | 1990–2017 |
Established 1 January 1949. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Valley Financial Credit Union's data.
Valley Financial Credit Union's data
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Valley 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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