Applications / Mortgage Analytics / Lenders / Maryland / FedChoice Federal Credit Union
Lanham, MD · Credit union · NCUA · $491 million assets · 99 loans in 2025
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99
loans originated, 2025
228
applications, 2025
15
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
FedChoice Federal Credit Union, of Lanham, Maryland, is a home-improvement lender with borrowers in 15 states, and its loans fell by a quarter in 2025.
Home improvement made up 62.6% of its 99 loans and other purposes 31.3%; it made almost no purchase loans. Its typical loan, $95,000, matched that of similar lenders (credit unions making between half and twice as many loans). Every loan was conventional.
It lent in 15 states, 23 metros and 40 counties. In 2025 it made its first loans in Salt Lake City, Ocala, Portland, Maine, and Killeen-Temple, though its share in each is too small to show. Its home base is the Washington and Baltimore area, where it has lent since 1991.
Loans fell 25%, from 132 to 99, a steeper fall than at more than nine in ten similar lenders, which typically grew by 8%. Its volume has swung widely: 240 loans in 2021, 91 in 2023. With volume this changeable, one year's fall may say little.
Some 59.6% of its loans went to majority-minority neighborhoods, against 9.2% at similar lenders, higher than at more than nine in ten of them. Its share in low- and moderate-income neighborhoods, 21.2%, is above its peers' 17.2%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. FedChoice Federal Credit Union took 228 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 62.6% · Other 31.3% · Refinance 5.1% · Purchase 1.0%
Conventional 100.0% · of 99 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 |
|---|---|---|
| Maryland | 53 | 53.5% |
| Virginia | 10 | 10.1% |
| Pennsylvania | 9 | 9.1% |
| District of Columbia | 6 | 6.1% |
| New Jersey | 4 | 4.0% |
| Delaware | 3 | 3.0% |
| Florida | 3 | 3.0% |
| North Carolina | 3 | 3.0% |
| Missouri | 2 | 2.0% |
| Massachusetts | 1 | 1.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Washington | 39 |
| Baltimore-Columbia-Towson | 10 |
| Arlington-Alexandria-Reston | 9 |
| Frederick-Gaithersburg-Bethesda | 7 |
| Philadelphia | 7 |
| Camden | 2 |
| Charlotte-Concord-Gastonia | 2 |
| Kansas City | 2 |
| Lexington Park | 2 |
| Montgomery County-Bucks County-Chester County | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300AN5V81GRYDJ823 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 75473 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 5150 | 1991–2017 |
Established 1 January 1935. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: FedChoice Federal Credit Union's data.
FedChoice Federal Credit Union's data
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FedChoice 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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