Growth has leveled off
Its count climbed from 30 in 2018 to 125 in 2022 and has held near that level since. In 2025 it rose 2%. Similar lenders (credit unions making between half and twice as many loans) grew 9%, and the whole market 10%.
Applications / Mortgage Analytics / Lenders / Alabama / New Horizons Credit Union
New Horizons Credit Union
Mobile, AL · Credit union · NCUA · $280 million assets · 136 loans in 2025
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136
loans originated, 2025
220
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
New Horizons Credit Union, of Mobile, Alabama, made 136 loans in 2025, up from 30 in 2018, for refinancing, purchases and much else besides.
No single specialty
Refinances made up 38.2% of its loans, other purposes 27.9% and purchases 26.5%. All were conventional. Its typical loan, $100,000, was close to similar lenders' $105,000.
Holding on in Mobile
Mobile has been its home market since at least 1990. It ranked 37 of 356 lenders there in 2025, with 0.7% of the market, 0.1 points lower than in 2024; Rocket Mortgage led. Growing more slowly than the market may account for the small dip. In Daphne-Fairhope-Foley its share held at 0.3%.
Fewer loans in poorer neighborhoods
Low- and moderate-income (LMI) neighborhoods took 8.8% of its loans, against 17.3% at similar lenders, lower than at nearly nine in ten. It lends in just five counties, and how many such neighborhoods they hold may explain much of the gap. LMI borrowers took 20.0%, up from 13.5% in 2024 but below peers' 29.0%; household incomes in those counties could account for that.
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
136 loans in 2025, its most in any year since 2018.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. New Horizons Credit Union took 220 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
38.2% of its 2025 loans were refinance loans; all were conventional loans.
Refinance 38.2% · Other 27.9% · Purchase 26.5% · Home improvement 7.4%
Conventional 100.0% · of 136 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
2 states, 3 metros, 5 counties
| State | Loans | Share |
|---|---|---|
| Alabama | 133 | 97.8% |
| Mississippi | 3 | 2.2% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Mobile | 92 |
| Daphne-Fairhope-Foley | 39 |
| Gulfport-Biloxi | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900NCN3B66MYC3145 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 239695 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 560799 | 1990–2017 |
Established 1 January 1950. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: New Horizons Credit Union's data.
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