Applications / Mortgage Analytics / Lenders / California / Downey Federal Credit Union
Downey, CA · Credit union · NCUA · $328 million assets · 85 loans in 2025
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85
loans originated, 2025
180
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Downey Federal Credit Union lends mainly for home improvement, and nearly all its loans are in majority-minority areas around Los Angeles.
Home improvement made up 51.8% of its loans and other purposes 38.8%. Purchases took only 3.5%. Its typical loan, $125,000, was higher than at about two-thirds of similar lenders (credit unions making between half and twice as many loans), whose typical loan was $95,000.
Its loans rose 20%, from 71 to 85, against 7% at peers and 10% for the whole market. It made 153 loans in 2022 and 142 in 2023. Its typical rate, 5.90%, was lower than at more than nine in ten peers, whose typical rate was 6.75%.
Majority-minority areas took 91.7% of its loans, against 9.1% at peers, more than at almost all of them. One possible reason is that it lends mostly around Los Angeles. Low- and moderate-income (LMI) borrowers took 9.8%, against 30.2% at peers, among the lowest twentieth, and down from 23.9% in 2024. Its mix of home-improvement and other loans may explain part of that; on 85 loans, a few loans also move the share.
In Los Angeles-Long Beach-Anaheim, where it has lent since 1995, it ranked 393 of 757 lenders. JPMorgan Chase Bank led there, followed by United Wholesale Mortgage.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Downey Federal Credit Union took 180 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 51.8% · Other 38.8% · Refinance 5.9% · Purchase 3.5%
Conventional 100.0% · of 85 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 | 84 | 98.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Los Angeles-Long Beach-Glendale | 73 |
| Anaheim-Santa Ana-Irvine | 10 |
| Riverside-San Bernardino-Ontario | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 25490010EMNKWA8L9813 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 952985 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 511870 | 1995–2016 |
Established 1 January 1957. Reported under HMDA 1995-2025.
Mergers, name changes, data editions and corrections: Downey Federal Credit Union's data.
Downey Federal Credit Union's data
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Downey 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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