Faster than most
It made 256 loans, up 25%, while similar lenders (credit unions making between half and twice as many loans) grew 6% and the whole market 10%. It grew faster than more than seven in ten of them. It made 290 loans in 2020.
Applications / Mortgage Analytics / Lenders / Texas / Rave Financial Credit Union
Rave Financial Credit Union
Beaumont, TX · Credit union · NCUA · $1.2 billion assets · 256 loans in 2025
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256
loans originated, 2025
456
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Rave Financial Credit Union, of Beaumont, Texas, mostly lends to people improving or refinancing homes they own, and it made 25% more loans in 2025.
Small loans at low rates
Home improvement made up 42.2% of its loans, refinancing 24.2% and other purposes 17.2%; purchases were only 16.4%. Its typical loan was $90,000, against $105,000 at similar lenders. Its typical rate, 5.88%, was lower than at about nine in ten of them, whose typical rate was 6.84%.
More borrowers of modest means
Low- and moderate-income (LMI) borrowers took 23.6% of its loans, up from 16.4%, though still below the 27.7% at similar lenders. Lending to existing owners for home improvement may be one reason it sits below. Poorer neighborhoods (LMI tracts) took 18.9%, against 16.1%.
A dip at home
In Beaumont-Port Arthur it ranks 23 of 289 lenders, with 1.3% of the market, down from 1.5%. United Wholesale Mortgage, Neches Federal Credit Union and Rocket Mortgage lead there. Its small home-improvement loans may count for little in a share measured in dollars.
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
256 loans in 2025, against a peak of 307 in 2022.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Rave Financial Credit Union took 456 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
42.2% of its 2025 loans were home improvement loans; all were conventional loans.
Home improvement 42.2% · Refinance 24.2% · Other 17.2% · Purchase 16.4%
Conventional 100.0% · of 256 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
1 state, 4 metros, 22 counties
| State | Loans | Share |
|---|---|---|
| Texas | 256 | 100.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Beaumont-Port Arthur | 148 |
| Houston-Pasadena-The Woodlands | 50 |
| College Station-Bryan | 1 |
| Sherman-Denison | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300SWDNGYGQBG4K69 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 598570 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 5491 | 1990–2017 |
Established 1 January 1935. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Rave Financial Credit Union's data.
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