County directory · Michigan
CDFI lenders in Bay County, MI
1 is headquartered here. 3 more have a bank or credit-union branch here. 7 more say they serve all of Michigan. Sources: lender websites (29 Oct 2026–4 Nov 2026), the CDFI Fund list (21 Oct 2026) and FDIC/NCUA branch records.
- Name this county
- 0
- Based here
- 1
- Branch here
- 3
- Serve all of MI
- 7
None of the lender websites we read names Bay County; the lenders below are based here, have an office here or serve the whole state. Lenders based elsewhere may lend here too. Search your exact ZIP code in the finder to include lenders based nearby. Towns in this county: Auburn, Bay City, Bentley, Essexville, Kawkawlin, Linwood, Munger, Pinconning, University Center.
Lenders compared for Bay County
5 with local records| Lender | Local records | Loan sizes | Head office |
|---|---|---|---|
| 1. United Bay Community Credit Union Credit union, Bay City MI | headquarters here; 3 offices here; 122 home loans here, 2025 | ask | 8 mi |
| 2. Financial Plus Credit Union Credit union, Flint MI | 2 offices here; 67 home loans here, 2025 | ask | 49 mi |
| 3. ELGA Credit Union Credit union, Grand Blanc MI | 2 offices here; 9 home loans here, 2025 | ask | 55 mi |
| 4. Lake Huron Credit Union Credit union, Saginaw MI | 1 office here; 6 home loans here, 2025 | ask | 15 mi |
| 5. Members First Credit Union Credit union, Midland MI | 13 home loans here, 2025 | ask | 15 mi |
5 of these 5 lenders have received CDFI Fund awards, together $10.9M in fiscal years 2017–2024 (CDFI Fund award database; each lender page lists its awards). An award funds the lender, not a particular borrower.
Order: how many kinds of local record we hold (its website names the county or a town in it, headquarters, a branch, SBA loans or HMDA home loans for borrowers here), then the number of those records, then the head office's distance from the county centre. Loan sizes are the range the lender's website states. It is not a rating and nobody pays for a place. SBA loans: SBA 7(a)/504 data (FY2020–FY2026, 3 or more shown); home loans: HMDA 2025 originations (3 or more shown); branches: FDIC/NCUA; distances are straight lines from the average position of the county's ZIP codes.
Where these lenders have offices
5 lenders3 head offices and 16 branches or offices of 5 lenders on this page, within 30 miles of the centre of Bay County. Lenders with no office nearby may still lend here; many work by phone and online.
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loan types confirmed on these lenders' websites
- Auto / vehicle loans (1 lender)
- Commercial real estate loans (1 lender)
- Small-dollar / emergency loans (1 lender)
- Equipment loans (1 lender)
- Home mortgages (1 lender)
- Personal / consumer loans (1 lender)
- Small-business loans (1 lender)
Banks and credit unions with a branch in this county
4 certified CDFIs have at least one office in Bay County (NCUA branch data as of 30 Jun 2026). A branch shows presence, not a stated service area; credit unions also require membership.
- United Bay Community Credit UnionCredit union · Bay City, MIAuto / vehicle loans, Commercial real estate loans, Small-dollar / emergency loans, Equipment loans…3 offices in Bay County · based hereVerified
- ELGA Credit UnionCredit union · Grand Blanc, MIAuto / vehicle loans, Commercial real estate loans, Equipment loans, Home repair / improvement loans…2 offices in Bay CountyVerified
- Financial Plus Credit UnionCredit union · Flint, MIAuto / vehicle loans, Commercial real estate loans, Small-dollar / emergency loans, Equipment loans…2 offices in Bay CountyVerified
- Lake Huron Credit UnionCredit union · Saginaw, MIAuto / vehicle loans, Home mortgages, Personal / consumer loans1 office in Bay CountyVerified
CDFI mortgage lenders active here
Certified CDFIs reported 219 originated home loans for properties in Bay County in 2025 under the Home Mortgage Disclosure Act: 10% of the 2,131 home loans that all HMDA lenders reported here.
- United Bay Community Credit UnionCredit union · Bay City, MIAuto / vehicle loans, Commercial real estate loans, Small-dollar / emergency loans, Equipment loans…122 home loans here in 2025 (HMDA)Verified
- Financial Plus Credit UnionCredit union · Flint, MIAuto / vehicle loans, Commercial real estate loans, Small-dollar / emergency loans, Equipment loans…67 home loans here in 2025 (HMDA)Verified
- Members First Credit UnionCredit union · Midland, MIAuto / vehicle loans, Commercial real estate loans, Small-dollar / emergency loans, Equipment loans…13 home loans here in 2025 (HMDA)Verified
- ELGA Credit UnionCredit union · Grand Blanc, MIAuto / vehicle loans, Commercial real estate loans, Equipment loans, Home repair / improvement loans…9 home loans here in 2025 (HMDA)Verified
- Lake Huron Credit UnionCredit union · Saginaw, MIAuto / vehicle loans, Home mortgages, Personal / consumer loans6 home loans here in 2025 (HMDA)Verified
Plus 1 more certified CDFI with fewer than 3 loans here each (not listed).
A lender headquartered far away can appear here: HMDA counts the county of the property, not of the lender. Banks and credit unions below the HMDA reporting thresholds and most loan funds do not report, so other CDFIs may also lend here.
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.
Small business and SBA lending in Bay County
Official statisticsMedian household income in Bay County is $61,763, 15% below the Michigan figure of $72,875 (ACS 2020–2024).
Businesses here took 56.3 SBA-backed loans per 1,000 employer businesses over FY2020–FY2026: about as many as the median Michigan county (56.3), rank 42 of 83.
| Measure | Bay County | Michigan |
|---|---|---|
| Businesses with paid employees (CBP 2023) | 2,044 (0.9% of the state) | 229,564 |
| …of which under 20 employees | 84% | 85% |
| Businesses without employees (Nonemployer Statistics 2023) | 5,846 | 815,013 |
| Median household income (ACS 2020–2024) | $61,763 (15% below the state) | $72,875 |
| SBA 7(a) and 504 approvals, all lenders, FY2020–FY2026 | 115 (106 7(a), 9 504) | 14,432 |
| …per 1,000 businesses with employees | 56.3 (rank 42 of 83 Michigan counties) | 56.3 (median county) |
| Median SBA 7(a) loan, all lenders | $111,000 | $135,000 |
| …with a certified CDFI as lender, CDC or third-party lender | 1 or 2 | 151 (1%) |
| Variable-rate 7(a): median rate over prime at approval, FY2024–26 | 2 pts (42 loans; 5% at the SBA maximum) | 2 pts (5% at the maximum) |
Approvals by fiscal year: FY2020 10 · FY2021 18 · FY2022 16 · FY2023 19 · FY2024 23 · FY2025 17 · FY2026 12.
For comparison, not an offer. SBA figures count approvals by every SBA lender for borrowers whose ZIP code lies in the county, not only CDFIs; approval is not disbursement. Rate over prime = the SBA's recorded initial rate minus the prime rate on the approval day; SBA caps it at 3 to 6.5 points depending on loan size (current prime rate and caps: methodology).
Sources: Census Bureau County Business Patterns 2023, Nonemployer Statistics 2023 and American Community Survey 2020–2024 (table B19013); SBA 7(a) & 504 FOIA data as of 30 Sep 2026; prime rate: FRED DPRIME; SBA maximums: SBA 7(a) terms. Downloaded 15 Nov 2026. How we compute these.
CDFI lending recorded here (FY2022)
CDFI Fund data, released Dec 202439 loans and investments totaling $4.4M (median $75,000) were reported to the CDFI Fund for borrowers and projects in Bay County in fiscal year 2022, by 7 reporting CDFIs. More than half of these records come from a single reporting CDFI.
| Purpose (CDFI Fund category) | Count | Total | Median |
|---|---|---|---|
| Home purchase | 18 | $2.3M | $119,950 |
| Home improvement | 12 | $442,800 | $35,000 |
| Non-real estate business | 6 | $1.5M | $118,710 |
| Other purposes | 3 | $143,080 |
Of 31 individual borrowers whose income was reported, 42% had family income at or below 80% of the area median.
CDFI banks and credit unions also reported 1,078 consumer loans in Bay County totaling $16.6M (Consumer Loan Report, tract totals, so no median); they counted 64% of them as serving low-income borrowers.
Loans and investments reported in other years: FY2019 104 · FY2020 247 · FY2021 110.
Only CDFIs that hold an active CDFI Fund award (CDFI Program, Native American CDFI Assistance or the CDFI Rapid Response Program) report these transactions, so this is not all lending by the certified CDFIs on this page. The Fund masks which CDFI made each loan, so we cannot say which lender listed here made them.
Source: CDFI Fund, CDFI/NACA/CDFI RRP Program Award Recipient Data Release, Transaction Level Report and Consumer Loan Report public files for fiscal year 2022 (released Dec 2024; downloaded 3 Nov 2026). Amounts are original loan or investment amounts as reported. Place = the 2010 census tract of each record. How we count.
Headquartered in Bay County
The official list gives a headquarters address here. Check each lender's page for where it lends.
Say they serve all of Michigan
- CORE Community PartnersLoan fund · Bingham Farms, MIAffordable housing development loansVerified
- CoVantage Credit UnionCredit union · Antigo, WIHome mortgagesVerified
- Invest Detroit FoundationLoan fund · Detroit, MIEquity / venture investment, Affordable housing development loans, Small-business loansVerified
- Michigan Women's Foundation, TheLoan fund · Detroit, MIMicroloans, Small-business loansVerified
- Northern Great Lakes InitiativesLoan fund · Marquette, MIEnergy / solar / efficiency loans, Equipment loans, Small-business loansVerified
- United Cerebral Palsy Association of Michigan, Inc., DBA Michigan Assistive Technology FundLoan fund · Southfield, MIEquipment loansVerified
- West Central Development Corporation, dba Anchor Financial ServicesLoan fund · Perrysburg, OHCommercial real estate loans, SBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
Free help before you apply
These offices give free or low-cost advice: a Small Business Development Center or SCORE mentor can help with the business plan, cash-flow projections and paperwork most business lenders ask for, and a HUD-approved housing counselor can help with a homebuyer course, a budget or a missed mortgage payment. Some counseling agencies also lend; using their advice does not commit you to their loans. Call ahead to check hours and what they cover.
Business advice
Housing counseling
- Mid-Michigan Community Action AgencyHUD-approved housing counselor · 1574 E Washington Rd, Farwell, MI 48622989-386-3805 · about 44 miles from the centre of Bay County
- Genesee County Habitat for HumanityHUD-approved housing counselor · 101 Burton St, Flint, MI 48503810-766-9089 · about 47 miles from the centre of Bay County
Sources: SBA local assistance listings, read 6 Nov 2026; HUD's list of approved housing counseling agencies (open-data version last updated 9 Apr 2025). For the current list and the services each agency offers, use the CFPB's housing counselor search (it uses HUD's list) or call HUD at 800-569-4287. Offices are placed by ZIP code, so distances are approximate.
Other Michigan counties
Source: CDFI Atlas, cdfiatlas.com/states/mi/counties/bay-county/. © 2026 CDFI Atlas. Quoting with a link is welcome; republishing the pages or the compiled data is not (terms of use).