Applications / Mortgage Analytics / Lenders / Maryland / Tower Federal Credit Union
Laurel, MD · Credit union · NCUA · $4.8 billion assets · 3,617 loans in 2025
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3,617
loans originated, 2025
5,952
applications, 2025
47
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Tower Federal Credit Union is a Maryland credit union lending most often for home improvement, whose loans reach majority-minority areas more than most similar credit unions but reach low- and moderate-income borrowers and areas less.
Similar lenders are credit unions making between half and twice as many loans. Home improvement made up 42.1% of its loans, refinancing 24.4% and purchases 16.3%. Its typical loan was $155,000 against $105,000, higher than about three in four similar lenders.
LMI (low- and moderate-income) borrowers took 14.9% of its loans against 27.3%, among the lowest tenth, though up from 8.0% five years before. LMI areas took 8.9% against 15.0%, among the lowest of similar lenders. Majority-minority areas took 22.0% against 9.1%, higher than about three in four. Its larger loans, which may go more often to higher-income borrowers, and a lending base centred on the Baltimore and Washington metros could explain part of the low LMI shares.
Originations rose 5% to 3,617, against 9% for similar lenders and 10% for the whole market, and remain below the 6,353 of 2020. It ranks 23 of 592 in Baltimore, where it has lent since 1991, and its share there rose to 1.1% from 0.9%.
Higher-priced loans (a rate well above the average for similar loans) were 1.1% against 1.5%, and its typical rate of 7.00% was near the middle. Jumbo loans (larger than the conforming limit) fell to 2.1% from 9.2% five years before.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Tower Federal Credit Union took 5,952 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 42.1% · Refinance 24.4% · Other 17.3% · Purchase 16.3%
Conventional 100.0% · of 3,617 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 |
|---|---|---|
| Maryland | 1,696 | 46.9% |
| Virginia | 681 | 18.8% |
| New Jersey | 223 | 6.2% |
| Pennsylvania | 190 | 5.3% |
| North Carolina | 101 | 2.8% |
| Florida | 91 | 2.5% |
| South Carolina | 87 | 2.4% |
| District of Columbia | 67 | 1.9% |
| Delaware | 61 | 1.7% |
| Georgia | 60 | 1.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Baltimore-Columbia-Towson | 1,140 |
| Arlington-Alexandria-Reston | 446 |
| Frederick-Gaithersburg-Bethesda | 276 |
| Washington | 185 |
| Richmond | 114 |
| Montgomery County-Bucks County-Chester County | 97 |
| Lakewood-New Brunswick | 76 |
| Newark | 69 |
| Lexington Park | 66 |
| Charlotte-Concord-Gastonia | 49 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 54930080168VA6Z8UX21 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 498586 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 58333 | 1991–2017 |
Established 1 January 1953. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Tower Federal Credit Union's data.
Tower Federal Credit Union's data
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Tower 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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