Applications / Mortgage Analytics / Lenders / Michigan / WMCU
Grand Rapids, MI · Credit union · NCUA · $442 million assets · 108 loans in 2025
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108
loans originated, 2025
200
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
WMCU is a Grand Rapids credit union that lends mainly for home improvement, and its loans rose by 80% in 2025, the year it merged with Bloom Credit Union.
Home improvement made up 62.0% of its loans, refinances 28.7% and purchases only 9.3%. Its typical loan was $45,000, against $105,000 at similar lenders, credit unions making between half and twice as many loans. That is the smallest in the group. Manufactured homes took 7.4% of its loans, where the typical similar lender made none.
Loans rose to 108 from 60, a gain of 80%, against 7% for similar lenders and 10% for the whole market. Few similar lenders grew faster. The merger with Bloom Credit Union may have brought new borrowers; Bloom's own filings count only in the market figures, not in these loans. Even so, the credit union made 177 loans in 2020. In Grand Rapids-Wyoming-Kentwood it ranks 140 of 436, behind Lake Michigan Credit Union in first place.
Low- and moderate-income (LMI) borrowers took 41.7% of its loans, against 29.5% at similar lenders, a higher share than about four in five of them. Five years before, the figure was 24.9%. Small home-improvement loans may suit owners on lower incomes. Its share of loans in LMI neighborhoods, 15.9%, was 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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. WMCU took 200 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 62.0% · Refinance 28.7% · Purchase 9.3%
Conventional 100.0% · of 108 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 |
|---|---|---|
| Michigan | 108 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Grand Rapids-Wyoming-Kentwood | 57 |
| Warren-Troy-Farmington Hills | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900TJCZAM25V2WZ38 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 226499 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 562347 | 1990–2017 |
Established 1 January 1956. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: WMCU's data.
WMCU's data
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WMCU 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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