Applications / Mortgage Analytics / Lenders / Virginia / Beach Municipal Federal Credit Union
Virginia Beach, VA · Credit union · NCUA · $188 million assets · 66 loans in 2025
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66
loans originated, 2025
81
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Beach Municipal Federal Credit Union, in Virginia Beach, barely finances home purchases; it makes small loans for home improvement and other purposes, and fewer of them in 2025.
Only 3.0% of its loans were for home purchase. Most were for other purposes, and a third for home improvement. Its typical loan was $65,000, against $95,000 at similar lenders, credit unions making between half and twice as many loans.
It made 66 loans, down from 101, a fall of 35%. Similar lenders grew by 7%, and Beach Municipal fell faster than nearly all of them. But its yearly count swings widely, from 44 in 2022 to 107 in 2023, so one year says little about direction.
It made 28.8% of its loans in majority-minority tracts, against 9.1% at similar lenders, higher than more than three-quarters of them. Some 37.9% went to low- and moderate-income (LMI) borrowers, against 31.0%. With 66 loans, a few loans either way move these shares.
Its only metro is Virginia Beach-Chesapeake-Norfolk, where it has lent since at least 1990. Its share there slipped from 0.1% to 0.0%, ranking it 191 of 577 lenders. That may simply follow its lower loan count. United Wholesale Mortgage and Mortgage Research Center lead the market.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Beach Municipal Federal Credit Union took 81 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 45.5% · Home improvement 33.3% · Refinance 18.2% · Purchase 3.0%
Conventional 100.0% · of 66 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 |
|---|---|---|
| Virginia | 65 | 98.5% |
| North Carolina | 1 | 1.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Virginia Beach-Chesapeake-Norfolk | 66 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300BKDQB6JNNHRH94 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 74186 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 520394 | 1990–2017 |
Established 1 January 1970. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Beach Municipal Federal Credit Union's data.
Beach Municipal Federal Credit Union's data
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Beach Municipal 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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