Applications / Mortgage Analytics / Lenders / Massachusetts / Direct Federal Credit Union
Needham, MA · Credit union · NCUA · $786 million assets · 445 loans in 2025
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445
loans originated, 2025
737
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Direct Federal Credit Union makes few purchase mortgages: home improvement and other loans make up most of its lending, which grew 39% in 2025.
Home improvement made up 47.2% of its loans and other purposes 39.1%. Purchases were just 4.3%. Every loan was conventional. Its typical loan, $205,000, was larger than at about nine in ten similar lenders (credit unions making between half and twice as many loans), where it was $105,000.
Its loans rose 39%, against 6% at similar lenders and 10% for the whole market. Its count has risen each year since 2022, when it made 237, and its dollar total reached $99.5 million.
Low- and moderate-income (LMI) neighborhoods took 9.7% of its loans, against 15.4% at similar lenders, among the lowest tenth. LMI borrowers took 20.4%, against 27.5%. Its larger loans and the markets it serves are possible reasons. Majority-minority areas took 8.8%, near the middle.
Boston-Cambridge-Newton is its largest market. It has lent there since at least 1990 and ranks 109 of 664 lenders. Its share of Barnstable Town rose 0.1 points to 0.1%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Direct Federal Credit Union took 737 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 47.2% · Other 39.1% · Refinance 9.4% · Purchase 4.3%
Conventional 100.0% · of 445 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 |
|---|---|---|
| Massachusetts | 425 | 95.5% |
| New Hampshire | 12 | 2.7% |
| Rhode Island | 8 | 1.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Boston | 196 |
| Cambridge-Newton-Framingham | 168 |
| Providence-Warwick | 28 |
| Worcester | 24 |
| Barnstable Town | 17 |
| Manchester-Nashua | 7 |
| Rockingham County-Strafford County | 4 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493008Q2ZM3OTLTQH25 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 151582 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 59071 | 1990–2017 |
Established 1 January 1953. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Direct Federal Credit Union's data.
Direct Federal Credit Union's data
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Direct 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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