Applications / Mortgage Analytics / Lenders / Florida / Grow Financial Federal Credit Union
Tampa, FL · Credit union · NCUA · $3.8 billion assets · 412 loans in 2025
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412
loans originated, 2025
576
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Grow Financial Federal Credit Union makes a third as many loans as it did in 2020, and its lending fell again in 2025 while similar lenders grew.
Its loans fell 17% last year, to 412, while similar lenders (credit unions making between half and twice as many loans) grew 7% and the market 10%. It made 1,232 in 2020. Fewer refinances, as its typical rate rose from 3.25% in 2020 to 6.79%, are one possible reason.
Its typical loan was $145,000, against $105,000 at similar lenders, and its total of $92.1 million was higher than at about three in four of them. It spreads its lending widely: purchases were 32.5% of its loans, and the rest split roughly evenly between refinances, home improvement and other purposes. Nearly all were conventional.
Majority-minority areas took 25.7% of its loans, against 11.1% at similar lenders. Poorer neighborhoods (low- and moderate-income, or LMI, tracts) took 19.4%, against 15.3%. Both shares were higher than at about seven in ten peers. Its lending across 33 metros, mostly in Florida, may account for the difference. LMI borrowers took 26.3%, near the middle.
In Tampa-St. Petersburg-Clearwater, its largest market and one it has served since at least 1990, it ranks 104 of 925 lenders. United Wholesale Mortgage and Rocket Mortgage lead there. Elsewhere its shares are small, such as 0.1% in Palm Bay-Melbourne-Titusville.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Grow Financial Federal Credit Union took 576 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 32.5% · Refinance 25.2% · Home improvement 21.4% · Other 20.9%
Conventional 99.8% · FHA 0.2% · of 412 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 |
|---|---|---|
| Florida | 360 | 87.4% |
| South Carolina | 31 | 7.5% |
| Georgia | 9 | 2.2% |
| North Carolina | 7 | 1.7% |
| Tennessee | 4 | 1.0% |
| Alabama | 1 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Tampa | 206 |
| St. Petersburg-Clearwater-Largo | 88 |
| North Port-Bradenton-Sarasota | 33 |
| Columbia | 18 |
| Lakeland-Winter Haven | 5 |
| Orlando-Kissimmee-Sanford | 4 |
| Cape Coral-Fort Myers | 3 |
| Charleston-North Charleston | 3 |
| Fort Lauderdale-Pompano Beach-Sunrise | 3 |
| Greenville-Anderson-Greer | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300FOCEH0X0ZOR362 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 929585 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 59976 | 1990–2017 |
Established 1 January 1955. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Grow Financial Federal Credit Union's data.
Grow Financial Federal Credit Union's data
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Grow Financial 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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