Applications / Mortgage Analytics / Lenders / Washington / Verity Credit Union
Seattle, WA · Credit union · NCUA · $791 million assets · 143 loans in 2025
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143
loans originated, 2025
275
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Verity Credit Union, a Seattle credit union, lends mainly for home improvements and other purposes, and its lending has shrunk for four years running.
Home improvement accounts for 53.1% of its 143 loans and other purposes for 31.5%. Refinances make up 12.6% and purchases just 2.8%. Every loan is conventional, and its typical loan, $105,000, matches that of similar lenders, credit unions making between half and twice as many loans.
It made 143 loans in 2025, down 14% from 166, while similar lenders grew by 9%. In 2021 it made 577. The data do not say why its lending has fallen. In 2020 it also bought 322 loans from other lenders; it bought none in 2024 or 2025.
Some 18.2% of its loans went to majority-minority neighborhoods, against 9.8% at similar lenders, a higher share than about two-thirds of them. Its share in low- and moderate-income tracts, 19.9%, is a little above its peers' 17.3%.
It lends in one state, across seven metros. In Seattle-Tacoma-Bellevue, its largest market, it ranks 209 of 597 lenders. It has lent in each of its markets since 2003, its first year of reporting.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Verity Credit Union took 275 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 53.1% · Other 31.5% · Refinance 12.6% · Purchase 2.8%
Conventional 100.0% · of 143 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 |
|---|---|---|
| Washington | 143 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Seattle-Bellevue-Kent | 88 |
| Everett | 25 |
| Tacoma-Lakewood | 18 |
| Bremerton-Silverdale-Port Orchard | 3 |
| Mount Vernon-Anacortes | 2 |
| Portland-Vancouver-Hillsboro | 2 |
| Olympia-Lacey-Tumwater | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300XHF3PMRO08N352 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 352183 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 568517 | 2003–2017 |
Established 1 January 1933. Reported under HMDA 2003-2025.
Mergers, name changes, data editions and corrections: Verity Credit Union's data.
Verity Credit Union's data
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Verity 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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