Route 31 Federal Credit Union

What their website says about applying

• Give us a call or apply online and we can tell you what your rate will be and get you preapproved. source
• Proof of Income (2 recent paystubs dated within 30 days) source
• Bill of Sale or Purchase Agreement source

Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.

As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.

• Collateral required The rate is typically less than a traditional loan and uses your house as collateral, so you can borrow more. source

Only rules the lender's own pages state. Other requirements may apply.

Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. No loan amounts or service area are stated on the pages fetched; the Route 31 loan rates page lists products by APR only. Terms change — confirm with the lender before applying.

Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.

1. Do you lend where I live, or where my business is?
   Their website does not say which area they serve.
2. How do I become a member, and is there a fee or a minimum deposit?
   Credit unions lend only to their members.
3. What are the smallest and the largest loans you make?
   No loan amounts are stated on their website.
4. What is the APR, including fees, on your auto loans and home mortgages?
   Their website states a rate, but not as an APR. The APR includes fees, so it is the number to compare.
5. Is there a minimum credit score, and do you consider borrowers with little or no credit history?
   Their website does not say what credit history they accept.
6. How long can I take to repay?
   No repayment terms are stated on their website.
7. What documents will you need from me, and how long does a decision usually take?
   Their website describes some application steps (above); ask for the full document list.

Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.

On file with the NCUA as ROUTE 31 (charter 5982). Source: NCUA 5300 Call Report quarterly data (public data) as of 30 Jun 2026, downloaded 3 Nov 2026: total assets, members and branch addresses.

An office shows where the lender has a branch, not where it lends or whom it lends to. Credit unions serve members only; check who can join. For the ZIP-code search, credit-union offices are placed at the centre of their ZIP code (approximate).

Figures from the 5300 Call Report filed by Route 31 Federal Credit Union (NCUA charter 5982, filed as “ROUTE 31”). Source: NCUA 5300 Call Report quarterly data (public data), cycle 30 Jun 2026; year-earlier figures from the 30 Jun 2025 cycle; downloaded 3 Nov 2026.

Loan mix (balances on 30 Jun 2026)

Balances are loans outstanding on the report date, not loans made during the year. A category with no balance does not mean the credit union never makes that kind of loan. Credit unions lend to members only; check who can join.

Route 31 Federal Credit Union reported 49 originated home loans for 2025 under the Home Mortgage Disclosure Act, totaling about $2.6M (median loan about $45,000).

Included above: 3 loans on manufactured homes.

Where the loans were made

Counties with the most 2025 originations, out of 5 counties with at least one; 100% of its 2025 loans were for properties in Michigan:

• Muskegon County, MI (45)

Filed under LEI 2549006QH61JRY6BYY91 as “Route 31 Federal Credit Union”; matched by its RSSD ID on the CDFI Fund list, which the HMDA reporter panel links to this LEI.

Source: FFIEC Home Mortgage Disclosure Act (HMDA) data for 2025, snapshot frozen 2 Jun 2026, loan-level records read through the CFPB HMDA Data Browser API on 3 Nov 2026. Originated loans only; applications that were denied, withdrawn or not accepted are not counted. HMDA publishes each loan amount as the middle of a $10,000 band, so totals and medians are approximate. Counts under 3 are not shown. How we match lenders.

For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Assets and loans: FFIEC and NCUA Call Reports (see the loan-mix section). Home loans: FFIEC/CFPB HMDA data.

The SBA's public loan data lists 1 SBA-backed approval for Route 31 Federal Credit Union in fiscal years 2020–2026 (October 2019 to September 2026):

• 1 7(a) loans as the lender

By fiscal year: FY2020 0 · FY2021 0 · FY2022 0 · FY2023 0 · FY2024 1 · FY2025 0 · FY2026 0.

How this lender was matched in the SBA files: NCUA charter 5982, found through the RSSD ID in NCUA records (SBA lists “Route 31 Federal Credit Union”).

Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. Route 31 Federal Credit Union may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files.

Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.

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