Lending to existing owners
Two-thirds of its 21 loans in 2025 were for purposes other than buying or refinancing, and 23.8% were for home improvement. It made no purchase loans. All were conventional.
Applications / Mortgage Analytics / Lenders / Virginia / Democracy Federal Credit Union
Democracy Federal Credit Union
Alexandria, VA · Credit union · NCUA · $190 million assets · 21 loans in 2025
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21
loans originated, 2025
36
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Democracy Federal Credit Union, a small credit union in the Washington area, makes a couple of dozen loans a year and has long done most of its lending in majority-minority neighborhoods.
Minority neighborhoods
Most of its lending goes to majority-minority neighborhoods. In 2024, when it made 41 loans, 75.6% went there; similar lenders, credit unions making between half and twice as many loans, put 11.5% of their 2025 loans in such areas. Its main state is Maryland, and it has lent in the Washington market since 1990.
Too few loans to read much into
Its loans halved, from 41 to 21, while similar lenders made 5% fewer. Its yearly count has moved between 18 and 41 since 2019, so one year's swing says little about its direction. Twenty-one loans are also too few to compare its prices or its lending to modest earners with those of its peers.
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, 2019–2025
21 loans in 2025, against a peak of 41 in 2024.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Democracy Federal Credit Union took 36 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
66.7% of its 2025 loans were other loans; all were conventional loans.
Other 66.7% · Home improvement 23.8% · Refinance 9.5%
Conventional 100.0% · of 21 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
3 states, 4 metros, 7 counties
| State | Loans | Share |
|---|---|---|
| Maryland | 17 | 81.0% |
| Virginia | 3 | 14.3% |
| District of Columbia | 1 | 4.8% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Washington | 12 |
| Frederick-Gaithersburg-Bethesda | 5 |
| Arlington-Alexandria-Reston | 3 |
| Baltimore-Columbia-Towson | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 25490008Z6OW7HHL6478 | 2019–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 499275 | 2019–2023 |
| Respondent ID (the HMDA filer code before 2018) | 51407 | 1990–2009 |
Established 1 January 1936. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Democracy Federal Credit Union's data.
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