Applications / Mortgage Analytics / Lenders / Virginia / Virginia Federal Credit Union
North Chesterfield, VA · Credit union · NCUA · $7.2 billion assets · 3,596 loans in 2025
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3,596
loans originated, 2025
5,400
applications, 2025
7
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Virginia Federal Credit Union is a Virginia credit union whose largest purpose is home improvement and which makes more government-backed loans than most similar credit unions; its originations rose 27% in 2025, faster than most of them.
Similar lenders are credit unions making between half and twice as many loans. Originations rose 27% to 3,596, against 9% for similar lenders and 10% for the whole market. It merged with Member One Federal Credit Union in 2024, and in Roanoke its share rose to 2.7% from 0.2%. In Richmond, where it ranks 6 of 551, its share fell to 3.1% from 3.9%; faster-growing rivals or a shift in its own lending could explain that.
FHA loans (insured by the Federal Housing Administration) were 4.9% of its lending against 0.0%, VA loans (guaranteed by the Department of Veterans Affairs) 1.6%, and both shares were among the highest tenth.
LMI (low- and moderate-income) borrowers took 32.7% of its loans against 27.2%, and LMI areas 18.1% against 15.0%, each higher than more than eight in ten similar lenders. Majority-minority areas took 19.7% against 9.1%.
Its typical rate of 6.24% was lower than more than eight in ten similar lenders, whose typical rate was 6.99%, and down from 6.99% the year before. Home improvement was its largest purpose, 31.3% of its loans, ahead of purchases at 25.7% and refinancing at 23.9%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Virginia Federal Credit Union took 5,400 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 31.3% · Purchase 25.7% · Refinance 23.9% · Other 19.2%
Conventional 93.2% · FHA 4.9% · VA 1.6% · USDA (RHS or FSA) 0.3% · of 3,596 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 |
|---|---|---|
| Virginia | 3,576 | 99.4% |
| North Carolina | 6 | 0.2% |
| Georgia | 5 | 0.1% |
| Ohio | 3 | 0.1% |
| Tennessee | 3 | 0.1% |
| Alabama | 2 | 0.1% |
| Pennsylvania | 1 | 0.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Richmond | 2,099 |
| Roanoke | 473 |
| Arlington-Alexandria-Reston | 233 |
| Lynchburg | 163 |
| Blacksburg-Christiansburg-Radford | 82 |
| Virginia Beach-Chesapeake-Norfolk | 75 |
| Charlottesville | 70 |
| Harrisonburg | 19 |
| Staunton-Stuarts Draft | 10 |
| Kingsport-Bristol | 8 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493009LKZIV63KY6458 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 807795 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 566836 | 1991–2017 |
Established 1 January 1928. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Virginia Federal Credit Union's data.
Virginia Federal Credit Union's data
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