Small loans for home projects
Its typical loan, $55,000, was among the lowest twentieth of similar lenders (credit unions making between half and twice as many loans), whose typical loan was $95,000. Small loans fit a home-improvement lender.
Applications / Mortgage Analytics / Lenders / North Carolina / Duke University Federal Credit Union
Duke University Federal Credit Union
Durham, NC · Credit union · NCUA · $202 million assets · 59 loans in 2025
Duke University Federal Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
59
loans originated, 2025
97
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Duke University Federal Credit Union is almost purely a home-improvement lender: 94.9% of its 59 loans in 2025 were for that purpose.
More lower-income borrowers
Low- and moderate-income (LMI) borrowers took 45.8% of its loans, against 30.6% at peers, more than at over four in five of them, and up from 25.0% in 2024. Poorer neighborhoods (LMI tracts) took 27.1%, against 17.3%, and majority-minority areas 40.7%, against 9.6%.
A higher typical rate
Its typical rate, 7.50%, was higher than at about four in five peers, whose typical rate was 6.75%. Home-improvement loans may be priced differently from first mortgages. None of its loans was higher-priced (a rate well above the average for similar loans).
Steady at a lower level
Its loans slipped 2%, from 60 to 59, while peers' rose 7%. It made between 91 and 98 loans a year from 2018 to 2022 and about 60 since 2023. It has lent in Durham-Chapel Hill since at least 1990, where State Employees' Credit Union led.
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
59 loans in 2025, against a peak of 98 in 2022.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Duke University Federal Credit Union took 97 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
94.9% of its 2025 loans were home improvement loans; all were conventional loans.
Home improvement 94.9% · Refinance 3.4% · Purchase 1.7%
Conventional 100.0% · of 59 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, 10 counties
| State | Loans | Share |
|---|---|---|
| North Carolina | 59 | 100.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Durham-Chapel Hill | 43 |
| Raleigh-Cary | 7 |
| Burlington | 1 |
| Charlotte-Concord-Gastonia | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300C04W4R4VGWRT26 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 959283 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 518616 | 1990–2017 |
Established 1 January 1968. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Duke University Federal Credit Union's data.
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