A lender to existing homeowners
Home purchases are only 12.3% of its lending; home improvement is 37.1%, refinancing 31.2% and other purposes 19.3%. It lends in one state and 27 metros, made almost no government-backed loans and bought no loans.
Applications / Mortgage Analytics / Lenders / California / SchoolsFirst Federal Credit Union
SchoolsFirst Federal Credit Union
Tustin, CA · Credit union · NCUA · $35.4 billion assets · 14,224 loans in 2025
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14,224
loans originated, 2025
19,086
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
SchoolsFirst Federal Credit Union lends only in California, and 66.2% of its loans were in majority-minority areas, the highest share among similar credit unions.
Majority-minority areas, fewer LMI borrowers
Against similar lenders, credit unions making between half and twice as many loans, its 66.2% share in majority-minority areas compares with a typical 12.0%. Its LMI (low- and moderate-income) borrower share is 17.9%, lower than nearly nine in ten of them. Southern California markets with many majority-minority neighbourhoods, and members whose incomes may sit above LMI limits, could explain both.
Low rates and few purchase denials
Its typical rate of 6.25% is among the lowest tenth of similar lenders, against 6.81%, and its higher-priced share (a rate well above the average for similar loans) is 0.0%. It turned down 2.3% of first-lien home-purchase applications on owner-occupied homes, lower than nearly all of them, whose typical rate was 8.1%; its refinance rate, 20.2%, was near the middle.
Growth and share gains inland
Originations rose 15%, against 10% for the whole market, and lending by value from $2.45 billion to $3.42 billion. Its Riverside-San Bernardino share rose from 2.0% to 2.3%, where it ranks seventh.
Questions the data can answer next
- Which counties make up its majority-minority area lending?
- How does its home-improvement pricing compare with other California credit unions?
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
14,224 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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. SchoolsFirst Federal Credit Union took 19,086 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
37.1% of its 2025 loans were home improvement loans; 99.9% were Conventional.
Home improvement 37.1% · Refinance 31.2% · Other 19.3% · Purchase 12.3%
Conventional 99.9% · FHA 0.1% · of 14,224 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
1 state, 27 metros, 53 counties
| State | Loans | Share |
|---|---|---|
| California | 14,224 | 100.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Anaheim-Santa Ana-Irvine | 4,992 |
| Riverside-San Bernardino-Ontario | 4,085 |
| Los Angeles-Long Beach-Glendale | 2,959 |
| Sacramento-Roseville-Folsom | 1,125 |
| San Diego-Chula Vista-Carlsbad | 397 |
| Yuba City | 99 |
| Oxnard-Thousand Oaks-Ventura | 91 |
| Oakland-Fremont-Berkeley | 57 |
| Bakersfield-Delano | 47 |
| San Luis Obispo-Paso Robles | 41 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493001NJEVHTZW7FG34 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 937898 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 524212 | 1990–2014 |
| Respondent ID (the HMDA filer code before 2018) | 9937898 | 2015–2017 |
Established 1 January 1934. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: SchoolsFirst Federal Credit Union's data.
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