A refinance lender
Refinances made up 70.3% of its 2025 loans and home improvement 18.4%; purchases were only 2.8%. Every loan was conventional, with no government backing. It lends mainly to members who already own their homes, not to buyers.
Applications / Mortgage Analytics / Lenders / Pennsylvania / Propell Credit Union
Propell Credit Union
Ridley Park, PA · Credit union · NCUA · $268 million assets · 212 loans in 2025
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212
loans originated, 2025
224
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Propell Credit Union, a Pennsylvania credit union, more than doubled its home lending in 2025, to 212 loans, mostly refinances and home-improvement loans.
A sharp rebound
Its loans rose 119%, from 97 to 212, against 7% for similar lenders (credit unions making between half and twice as many loans) and 10% for the whole market. That was faster than nearly all of them. The jump returns it to its 2022 level of 211, after two years of decline, so its output swings widely from year to year.
Larger loans, fewer poorer borrowers
Its typical loan was $155,000, against $105,000 at similar lenders. Low- and moderate-income (LMI) borrowers took 13.6% of its loans, against 27.9% at peers, fewer than at more than nine in ten of them. Its larger loans and its focus on refinancing existing owners are possible reasons. In majority-minority neighborhoods its share, 18.4%, was higher than peers' 10.7%.
Priced a little below peers
Its typical rate was 6.50%, slightly below peers' 6.75%, and none of its loans was higher-priced (a rate well above the average for similar loans). It lends in six states, ranking 157 of 784 in Philadelphia, its largest market.
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
212 loans in 2025, its most in any year since 2018.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Propell Credit Union took 224 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
70.3% of its 2025 loans were refinance loans; all were conventional loans.
Refinance 70.3% · Home improvement 18.4% · Other 8.5% · Purchase 2.8%
Conventional 100.0% · of 212 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
6 states, 13 metros, 20 counties
| State | Loans | Share |
|---|---|---|
| Pennsylvania | 179 | 84.4% |
| New Jersey | 20 | 9.4% |
| Delaware | 9 | 4.2% |
| Maryland | 2 | 0.9% |
| Arizona | 1 | 0.5% |
| Florida | 1 | 0.5% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Philadelphia | 139 |
| Montgomery County-Bucks County-Chester County | 34 |
| Atlantic City-Hammonton | 13 |
| Wilmington | 10 |
| Camden | 6 |
| Lancaster | 2 |
| Allentown-Bethlehem-Easton | 1 |
| Dover | 1 |
| Phoenix-Mesa-Chandler | 1 |
| Reading | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300RMEQJVNY2YH756 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 999092 | 2005–2023 |
| Respondent ID (the HMDA filer code before 2018) | 561387 | 2005–2017 |
Established 1 January 1952. Reported under HMDA 2005-2025.
Mergers, name changes, data editions and corrections: Propell Credit Union's data.
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