Applications / Mortgage Analytics / Lenders / Florida / First Choice Credit Union
West Palm Beach, FL · Credit union · NCUA · $154 million assets · 41 loans in 2025
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41
loans originated, 2025
104
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First Choice Credit Union, in West Palm Beach, Florida, lends almost only for home improvement, and it made 41 loans in 2025, 29% fewer than a year earlier.
Home improvement accounted for 85.4% of its loans in 2025. Such loans tend to be small, which may explain why its typical loan, $75,000, was lower than the $95,000 at similar lenders (credit unions making between half and twice as many loans).
Majority-minority neighborhoods took 51.4% of its loans, against 9.3% at peers, more than at about nine in ten of them. Low- and moderate-income (LMI) neighborhoods took 41.2%, against 17.4%. With only 41 loans, a few either way move these shares noticeably.
Its loans fell 29% in 2025, while similar lenders grew 3% and the whole market 10%. It made 73 in 2020 and 58 in 2024. With so narrow a product, a change in members' demand for home-improvement loans could move its count sharply. It filed no report for 2021, a gap in the record rather than a year without lending.
In Miami-Fort Lauderdale-West Palm Beach, where it first reported in 1992, it ranked 493rd of 937 lenders. Its lending stays within 2 Florida counties.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. First Choice Credit Union took 104 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 85.4% · Refinance 9.8% · Other 4.9%
Conventional 100.0% · of 41 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 |
|---|---|---|
| Florida | 35 | 85.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| West Palm Beach-Boca Raton-Delray Beach | 34 |
| Fort Lauderdale-Pompano Beach-Sunrise | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300J327PTWC173F64 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 910994 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 567725 | 1992–2017 |
Established 1 January 1929. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: First Choice Credit Union's data.
First Choice Credit Union's data
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First Choice 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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