Applications / Mortgage Analytics / Lenders / Maryland / APL Federal Credit Union
Laurel, MD · Credit union · NCUA · $698 million assets · 320 loans in 2025
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320
loans originated, 2025
428
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
APL Federal Credit Union lends almost only to people who already own their homes: home purchases were 0.6% of its loans in 2025, and its lending grew by 11%.
Home improvement made up 41.6% of its loans, other purposes 33.4% and refinancing 24.4%. Its typical loan was $95,000, against $105,000 at similar lenders, credit unions making between half and twice as many loans. Small loans kept its total down to $32.8 million, lower than at about three in four of them.
It made 320 loans in 2025, up 11%, against growth of 7% at similar lenders. Its lending jumped in 2022, to 308 loans from 126 the year before, and has stayed near that level. In 2018 it made 140.
Neighborhoods where most residents are minorities took 38.0% of its loans, against 12.3% at similar lenders, more than at four in five. Poorer neighborhoods (low- and moderate-income, or LMI, tracts) took only 6.1%, and LMI borrowers 16.6%, both lower than at most peers. Its focus on existing owners, and the places it lends most, such as Baltimore-Columbia-Towson and Washington-Arlington-Alexandria, are possible reasons.
Its typical rate was 7.50%, against 6.88% at similar lenders. Home-improvement and other-purpose loans, three-quarters of its lending, may be one reason. Only 0.3% of its loans were higher-priced (a rate well above the average for similar loans), against 1.9%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. APL Federal Credit Union took 428 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 41.6% · Other 33.4% · Refinance 24.4% · Purchase 0.6%
Conventional 100.0% · of 320 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 | 301 | 94.1% |
| Pennsylvania | 6 | 1.9% |
| West Virginia | 3 | 0.9% |
| Delaware | 2 | 0.6% |
| Virginia | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Baltimore-Columbia-Towson | 251 |
| Frederick-Gaithersburg-Bethesda | 37 |
| Washington | 7 |
| Hagerstown-Martinsburg | 4 |
| York-Hanover | 3 |
| Gettysburg | 2 |
| Lexington Park | 1 |
| Montgomery County-Bucks County-Chester County | 1 |
| Richmond | 1 |
| Winchester | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 54930040I855W2FI0Y80 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 18489 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 59475 | 1990–2017 |
Established 1 January 1954. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: APL Federal Credit Union's data.
APL Federal Credit Union's data
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APL 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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