Applications / Mortgage Analytics / Lenders / Puerto Rico / Caribe Federal Credit Union
Guaynabo, PR · Credit union · NCUA · $763 million assets · 81 loans in 2025
Caribe Federal Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
81
loans originated, 2025
126
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Caribe Federal Credit Union, a Puerto Rico credit union, made 72% more loans in 2025, faster growth than about nine in ten similar lenders.
Originations rose from 47 to 81, against growth of 6% at similar lenders (credit unions making between half and twice as many loans). That was its highest count since 2021. Its 2024 merger with Palmer G.E. Employees Federal Credit Union may be part of the reason.
Purchases and refinances were each 48.1% of originations. Unlike most similar credit unions, it made some government-backed loans: 4.9% were insured by the Federal Housing Administration (FHA). Its typical loan, $115,000, was higher than peers' $95,000.
All its loans were in majority-minority neighborhoods, against 9.2% at peers, because it lends only in Puerto Rico. Some 29.9% were in low- and moderate-income neighborhoods, against 17.3%, higher than more than four in five similar lenders.
In San Juan-Bayamón-Caguas its share rose 0.2 points to 0.4%, ranking 29 of 63, behind Banco Popular de Puerto Rico and Firstbank. It ranked 18 of 43 in Mayagüez. The market figures include the merged credit union's filings, so the merger may account for part of the rise.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Caribe Federal Credit Union took 126 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 48.1% · Refinance 48.1% · Other 2.5% · Home improvement 1.2%
Conventional 92.6% · FHA 4.9% · VA 2.5% · of 81 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 |
|---|---|---|
| Puerto Rico | 81 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| San Juan-Bayamón-Caguas | 69 |
| Mayagüez | 5 |
| Ponce | 5 |
| Aguadilla | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900KMMJNL0IJNSM73 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 203986 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 57345 | 1993–2017 |
Established 1 January 1951. Reported under HMDA 1993-2025.
Mergers, name changes, data editions and corrections: Caribe Federal Credit Union's data.
Caribe Federal Credit Union's data
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Caribe 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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