Applications / Mortgage Analytics / Lenders / North Carolina / Coastal Federal Credit Union
Raleigh, NC · Credit union · NCUA · $6.0 billion assets · 3,212 loans in 2025
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3,212
loans originated, 2025
5,339
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Coastal Federal Credit Union is a North Carolina credit union, 7 of 638 lenders in Raleigh-Cary, whose lending leans to home-improvement and other-purpose loans rather than home purchases.
Home-improvement loans were 34.3% of its 2025 loans and other-purpose loans 25.6%, with refinancing at 20.3% and home purchases at 19.8%. Its typical loan of $125,000 sits near the middle of similar lenders (credit unions making between half and twice as many loans).
Its Raleigh-Cary share rose 0.1 points to 2.3%. In Goldsboro its share rose 0.7 points to 0.9%.
4.2% of its loans were higher-priced (a rate well above the average for similar loans), against 1.3% at peers, higher than about four in five, though down from 6.6% a year earlier. Its typical rate of 7.40% compares with 7.00%. A possible reason is its mix: home-improvement and other-purpose loans were about three-fifths of its lending, against a fifth in home purchases.
Originations rose 7% to 3,212, a little below the middle of peers, whose typical growth was 9%. 18.6% of loans were in majority-minority tracts, against 9.1%, higher than about two-thirds of peers, while low- and moderate-income (LMI) borrowers took 24.6%, against 27.6%, which could reflect the incomes in the markets it serves.
Questions the data can answer next
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Coastal Federal Credit Union took 5,339 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 34.3% · Other 25.6% · Refinance 20.3% · Purchase 19.8%
Conventional 100.0% · of 3,212 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
| State | Loans | Share |
|---|---|---|
| North Carolina | 3,167 | 98.6% |
| South Carolina | 27 | 0.8% |
| Virginia | 18 | 0.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Raleigh-Cary | 2,000 |
| Durham-Chapel Hill | 452 |
| Charlotte-Concord-Gastonia | 147 |
| Wilmington | 90 |
| Rocky Mount | 50 |
| Burlington | 36 |
| Greensboro-High Point | 35 |
| Winston-Salem | 25 |
| Asheville | 18 |
| Fayetteville | 16 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300MRP46SVQMWOE81 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 398583 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 518297 | 1990–2017 |
Established 1 January 1967. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Coastal Federal Credit Union's data.
Coastal Federal Credit Union's data
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Coastal Federal Credit Union 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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