Applications / Mortgage Analytics / Lenders / Texas / Southwest Airlines Federal Credit Union
Dallas, TX · Credit union · NCUA · $846 million assets · 303 loans in 2025
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303
loans originated, 2025
449
applications, 2025
31
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Southwest Airlines Federal Credit Union lends to members in 31 states, mostly to refinance or improve homes they already own rather than to buy them.
Half its loans (50.5%) were refinances and a quarter (26.4%) paid for home improvements. Purchases made up only 22.8%. Its typical loan, $105,000, was the same as at similar lenders, meaning credit unions making between half and twice as many loans.
Its typical rate was 5.75%, unchanged from 2024, against 6.88% at the typical peer. That is lower than at about nine in ten of its 408 peers. Higher-priced loans, those with a rate well above the average for similar loans, were 1.7% of its lending, close to peers' 2.0%.
Its loans reached 68 metro areas and 122 counties. Texas is its base, but in Dallas it ranked 341 of 1,026 lenders. In 2025 it made its first loans in places as far apart as Joplin and Hartford. Its share of loans in majority-minority neighborhoods, 29.0%, is more than double peers' 12.9%.
Originations rose 8% to 303, in line with peers' 7% and the market's 10%. That is still below the 425 loans it made in 2021.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Southwest Airlines Federal Credit Union took 449 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 50.5% · Home improvement 26.4% · Purchase 22.8% · Other 0.3%
Conventional 100.0% · of 303 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 |
|---|---|---|
| Texas | 133 | 43.9% |
| Arizona | 37 | 12.2% |
| Florida | 21 | 6.9% |
| Colorado | 15 | 5.0% |
| California | 13 | 4.3% |
| Illinois | 12 | 4.0% |
| Georgia | 10 | 3.3% |
| Nevada | 10 | 3.3% |
| Tennessee | 8 | 2.6% |
| Missouri | 5 | 1.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Dallas-Plano-Irving | 71 |
| Phoenix-Mesa-Chandler | 34 |
| Fort Worth-Arlington-Grapevine | 23 |
| Houston-Pasadena-The Woodlands | 22 |
| Denver-Aurora-Centennial | 10 |
| Las Vegas-Henderson-North Las Vegas | 10 |
| Chicago-Naperville-Schaumburg | 9 |
| Atlanta-Sandy Springs-Roswell | 6 |
| Nashville-Davidson--Murfreesboro--Franklin | 6 |
| Orlando-Kissimmee-Sanford | 5 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300DQLGJ1YQRRHH73 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 982281 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 522157 | 1994–2017 |
Established 1 January 1975. Reported under HMDA 1994-2025.
Mergers, name changes, data editions and corrections: Southwest Airlines Federal Credit Union's data.
Southwest Airlines Federal Credit Union's data
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Southwest Airlines 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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