Applications / Mortgage Analytics / Lenders / Florida / PenAir Credit Union
Pensacola, FL · Credit union · NCUA · $2.8 billion assets · 421 loans in 2025
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421
loans originated, 2025
896
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
PenAir Credit Union, a Pensacola credit union whose loans split almost evenly between home improvement, refinancing, purchases and other purposes, made 26% more loans in 2025.
It made 421 loans, up from 335. That was faster than about three in four similar lenders (credit unions making between half and twice as many loans), which grew 6%. Yet its dollar volume fell to $62.0 million from $83.7 million. Fewer large loans may explain that: its jumbo share (loans larger than the conforming limit) fell to 2.5% from 4.7%.
Home improvement made up 29.0% of its loans, refinancing 24.5%, and other purposes and purchases 23.3% each. Its typical loan was $95,000, against $105,000 at similar lenders. It is still well below the 749 loans it made in 2021.
Low- and moderate-income borrowers took 33.2% of its loans, up from 24.1% a year earlier and more than at about seven in ten similar lenders. Majority-minority neighborhoods took 5.7%, against 11.2%, which may reflect the markets it serves.
It ranks 19 of 515 lenders in Pensacola-Ferry Pass-Brent, where its share rose to 1.1% from 0.9%; United Wholesale Mortgage leads. In Crestview-Fort Walton Beach-Destin its share fell to 0.0% from 0.9%. So sharp a break could reflect a change in where it lends or in how its loans were reported.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. PenAir Credit Union took 896 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 29.0% · Refinance 24.5% · Other 23.3% · Purchase 23.3%
Conventional 97.4% · FHA 2.1% · VA 0.5% · of 421 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 | 294 | 69.8% |
| Alabama | 125 | 29.7% |
| Georgia | 1 | 0.2% |
| Tennessee | 1 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Pensacola-Ferry Pass-Brent | 282 |
| Daphne-Fairhope-Foley | 109 |
| Mobile | 11 |
| Crestview-Fort Walton Beach-Destin | 6 |
| Panama City-Panama City Beach | 2 |
| Cape Coral-Fort Myers | 1 |
| Chattanooga | 1 |
| Montgomery | 1 |
| Ocala | 1 |
| Tallahassee | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900T576VYG7I55390 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 964072 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 51303 | 1990–2017 |
Established 1 January 1936. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: PenAir Credit Union's data.
PenAir Credit Union's data
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PenAir 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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