Applications / Mortgage Analytics / Lenders / New York / Quorum Federal Credit Union
Purchase, NY · Credit union · NCUA · $1.3 billion assets · 5,048 loans in 2025
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5,048
loans originated, 2025
10,429
applications, 2025
49
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Quorum Federal Credit Union is a national refinance lender, with 91.5% of its loans refinances spread over 49 states and led by California, and its originations rose 70% in 2025, faster than any similar lender.
Similar lenders are credit unions making between half and twice as many loans. Refinances made up 91.5% of its loans and purchases only 3.4%. It lent in 49 states and 283 metros, with California its main state, and bought 472 loans where the typical similar lender bought none.
Originations rose 70% to 5,048, against 8% for similar lenders and 10% for the whole market. The record is uneven: 4,719 loans in 2022, 850 in 2023 and 2,978 in 2024. Lending this concentrated in refinances may rise and fall with refinancing demand.
LMI (low- and moderate-income) borrowers took 11.5% of its loans against 27.2%, lower than nearly all similar lenders, though up from 3.3% five years before. Its larger typical loan, $135,000 against $115,000, may draw higher-income borrowers. In contrast, 24.8% of its loans were in majority-minority areas against 9.1%, higher than more than four in five similar lenders.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Quorum Federal Credit Union took 10,429 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 91.5% · Home improvement 5.1% · Purchase 3.4%
Conventional 100.0% · of 5,048 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 |
|---|---|---|
| California | 1,243 | 24.6% |
| New York | 460 | 9.1% |
| Florida | 389 | 7.7% |
| New Jersey | 308 | 6.1% |
| Arizona | 246 | 4.9% |
| Washington | 207 | 4.1% |
| Virginia | 171 | 3.4% |
| North Carolina | 137 | 2.7% |
| Tennessee | 136 | 2.7% |
| Illinois | 123 | 2.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Nassau County-Suffolk County | 244 |
| New York-Jersey City-White Plains | 240 |
| Los Angeles-Long Beach-Glendale | 237 |
| Phoenix-Mesa-Chandler | 187 |
| San Diego-Chula Vista-Carlsbad | 161 |
| Riverside-San Bernardino-Ontario | 140 |
| Anaheim-Santa Ana-Irvine | 136 |
| Lakewood-New Brunswick | 111 |
| Oakland-Fremont-Berkeley | 98 |
| Nashville-Davidson--Murfreesboro--Franklin | 94 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300Q50XCC0473FG63 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 464581 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 522769 | 1990–2017 |
Established 1 January 1977. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Quorum Federal Credit Union's data.
Quorum Federal Credit Union's data
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