Applications / Mortgage Analytics / Lenders / North Carolina / Marine Federal Credit Union
Jacksonville, NC · Credit union · NCUA · $1.1 billion assets · 93 loans in 2025
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93
loans originated, 2025
158
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Marine Federal Credit Union grew its home lending by 39% in 2025, much faster than similar credit unions, and gained ground in its home market of Jacksonville, North Carolina.
It made 93 loans, up from 67. Similar lenders, credit unions making between half and twice as many loans, grew by 7%, and the whole market by 10%; it grew faster than about four in five peers. Its share of the Jacksonville market rose from 0.4% to 0.7%, 27th of 313 lenders, where it has lent since 1991. Mortgage Research Center and Navy Federal Credit Union lead there.
Its typical loan was $225,000, against $100,000 at similar lenders, larger than at more than nine in ten. Most of its lending, 72.0%, paid for home purchases.
Loans guaranteed by the Department of Veterans Affairs (VA) have shrunk from 15.4% of its lending five years before to 6.0% in 2024 and 2.2% in 2025. Most similar credit unions make none at all.
It lends more in majority-minority neighborhoods than about two-thirds of peers do: 17.6% of its loans, against 9.2%. Fewer of its loans went to low- and moderate-income borrowers, 19.2% against 30.2%. Its larger, purchase-heavy loans are one possible reason, since buyers taking loans of that size tend to have higher incomes.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Marine Federal Credit Union took 158 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 72.0% · Refinance 19.4% · Home improvement 8.6%
Conventional 97.8% · VA 2.2% · of 93 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 |
|---|---|---|
| North Carolina | 82 | 88.2% |
| Virginia | 5 | 5.4% |
| Georgia | 3 | 3.2% |
| Texas | 1 | 1.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Jacksonville | 54 |
| Wilmington | 10 |
| Arlington-Alexandria-Reston | 4 |
| Atlanta-Sandy Springs-Roswell | 2 |
| Raleigh-Cary | 2 |
| Winston-Salem | 2 |
| Charlotte-Concord-Gastonia | 1 |
| Charlottesville | 1 |
| Greensboro-High Point | 1 |
| Greenville | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300OP5DX4ZL2E2S84 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 708687 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 512977 | 1991–2017 |
Established 1 January 1959. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Marine Federal Credit Union's data.
Marine Federal Credit Union's data
$215
Marine 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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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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