Applications / Mortgage Analytics / Lenders / California / Oceanair Federal Credit Union
Oxnard, CA · Credit union · NCUA · $867 million assets · 351 loans in 2025
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351
loans originated, 2025
555
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Oceanair Federal Credit Union, of Oxnard, California, lends mostly to people who already own their homes, and its loans are far bigger than those of credit unions like it.
Its typical loan was $235,000, against $105,000 at similar lenders (credit unions making between half and twice as many loans), higher than at more than nine in ten. So its 351 loans, near the middle of the group, came to $148.2 million, against $60.3 million at the typical peer.
Other purposes made up 36.2% of its loans and home improvement 28.8%. Refinances took 21.4%. Purchases were only 13.7%.
In Oxnard-Thousand Oaks-Ventura, where it has lent since 1991, its share rose by 0.1 points to 0.6%, ranking it 37 of 422; United Wholesale Mortgage and Rocket Mortgage led. In 2025 it made its first loans in Phoenix-Mesa-Chandler, Boulder, CO and non-metro Washington, and it now lends in 25 metros.
Majority-minority neighborhoods took 47.9% of its loans, against 12.0% at similar lenders, higher than at more than four in five. Borrowers with low or moderate incomes (LMI) took 16.8%, against 27.5%, lower than at about six in seven. Loans as large as its own may go mostly to borrowers with higher incomes.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Oceanair Federal Credit Union took 555 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 36.2% · Home improvement 28.8% · Refinance 21.4% · Purchase 13.7%
Conventional 99.7% · VA 0.3% · of 351 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 |
|---|---|---|
| California | 331 | 94.3% |
| Colorado | 10 | 2.8% |
| Arizona | 5 | 1.4% |
| Nevada | 3 | 0.9% |
| Pennsylvania | 1 | 0.3% |
| Washington | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Oxnard-Thousand Oaks-Ventura | 154 |
| Los Angeles-Long Beach-Glendale | 69 |
| San Jose-Sunnyvale-Santa Clara | 27 |
| San Diego-Chula Vista-Carlsbad | 15 |
| Anaheim-Santa Ana-Irvine | 14 |
| Sacramento-Roseville-Folsom | 13 |
| Oakland-Fremont-Berkeley | 12 |
| Colorado Springs | 8 |
| San Francisco-San Mateo-Redwood City | 7 |
| Santa Maria-Santa Barbara | 5 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300ESNLIWVN3TK065 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 318684 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 57608 | 1990–2017 |
Established 1 January 1952. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Oceanair Federal Credit Union's data.
Oceanair Federal Credit Union's data
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Oceanair 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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