Applications / Mortgage Analytics / Lenders / Virginia / Northwest Federal Credit Union
Herndon, VA · Credit union · NCUA · $4.6 billion assets · 1,248 loans in 2025
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1,248
loans originated, 2025
2,066
applications, 2025
40
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Northwest Federal Credit Union is mainly a home improvement and refinance lender, with purchases only 14.5% of its loans, and it lends across 40 states from its Virginia base.
Home improvement loans were 47.0% of its originations and refinances 38.5%. Its typical loan was $125,000, against $105,000 for the typical similar lender (credit unions making between half and twice as many loans). Its loans were almost all conventional.
Virginia is its main state, but it lent in 40 states, 123 metros and 239 counties. It ranked 79 of 757 lenders in Washington-Arlington-Alexandria, DC-VA-MD-WV, a market it has served since 1991, and added markets such as Pittsfield, MA and Waco, TX in 2025.
It made 1,248 loans, down 2% from 1,274, while the typical similar lender grew 9%. Five years earlier it made 2,804 loans worth $800.4 million, with a typical loan of $255,000; in 2025 it lent $233.3 million. The smaller volume may reflect higher rates: its typical rate was 3.25% five years earlier, against 7.00% in 2025.
Majority-minority neighbourhoods took 31.9% of its loans, against 9.9% for the typical similar lender. Low- and moderate-income (LMI) borrowers took 18.8%, lower than more than four in five similar lenders, which may reflect the markets it mainly serves, led by Washington-Arlington-Alexandria, or its focus on home improvement and refinance loans. Its higher-priced share, 0.2%, was lower than about four in five.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Northwest Federal Credit Union took 2,066 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 47.0% · Refinance 38.5% · Purchase 14.5%
Conventional 99.5% · VA 0.5% · of 1,248 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 | 766 | 61.4% |
| Maryland | 112 | 9.0% |
| Florida | 91 | 7.3% |
| North Carolina | 62 | 5.0% |
| South Carolina | 32 | 2.6% |
| Georgia | 21 | 1.7% |
| Pennsylvania | 20 | 1.6% |
| West Virginia | 19 | 1.5% |
| District of Columbia | 14 | 1.1% |
| Tennessee | 14 | 1.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Arlington-Alexandria-Reston | 715 |
| Frederick-Gaithersburg-Bethesda | 55 |
| Washington | 44 |
| Winchester | 25 |
| Raleigh-Cary | 17 |
| Baltimore-Columbia-Towson | 15 |
| Orlando-Kissimmee-Sanford | 14 |
| Atlanta-Sandy Springs-Roswell | 13 |
| Jacksonville | 13 |
| Fort Lauderdale-Pompano Beach-Sunrise | 12 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300OSZK2W0WJYS771 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 988975 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 55500 | 1995–2017 |
Established 1 January 1947. Reported under HMDA 1995-2025.
Mergers, name changes, data editions and corrections: Northwest Federal Credit Union's data.
Northwest Federal Credit Union's data
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Northwest 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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