Applications / Mortgage Analytics / Lenders / Louisiana / Formation Federal Credit Union
Baton Rouge, LA · Credit union · NCUA · $96.5 million assets · 7 loans in 2025
Formation Federal Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
7
loans originated, 2025
12
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Formation Federal Credit Union made only 7 home loans in 2025, down from 64 in 2021, and is a minor lender in Baton Rouge.
Its loans fell from 64 in 2021 to 26 in 2022, 14 in 2023, 13 in 2024 and 7 in 2025. Similar lenders, credit unions making between half and twice as many loans, saw a 22% fall in 2025, against its 46%. It filed no report for 2020; that is a gap in the record, not a year without lending. At these counts a few members' decisions can move the total, and the figures give no other reason for the decline.
Purchases made up 57.1% of its loans and refinances 42.9%, all conventional, with no government-backed lending and no manufactured homes. With 7 loans, its shares of lending to poorer borrowers and neighborhoods, its typical loan and its rates rest on too few loans to read anything into.
It has reported since 1990, and merged with Capital City Press Federal Credit Union in 2015; that lender's filings count in the competition figures. In Baton Rouge it ranks 188 of 369 lenders, with a share that rounds to 0.0%. It lends in one state and five 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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Formation Federal Credit Union took 12 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 57.1% · Refinance 42.9%
Conventional 100.0% · of 7 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 |
|---|---|---|
| Louisiana | 7 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Baton Rouge | 6 |
| New Orleans-Metairie | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300U55IW4J0F8P008 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 491578 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 53061 | 1990–2017 |
Established 1 January 1939. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Formation Federal Credit Union's data.
Formation Federal Credit Union's data
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Formation 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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