Applications / Mortgage Analytics / Lenders / Florida / Velocity Community Federal Credit Union
Palm Beach Gardens, FL · Credit union · NCUA · $485 million assets · 162 loans in 2025
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162
loans originated, 2025
327
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Velocity Community Federal Credit Union is a small Florida lender for home improvements and other purposes, not home purchases, and it has reported since 1990.
Home improvement accounts for 56.8% of its 162 loans and other purposes for 37.7%; refinances make up the remaining 5.6%. It made no purchase loans. Every loan is conventional. Its typical loan, $95,000, is close to the $105,000 of similar lenders, credit unions making between half and twice as many loans.
It made 162 loans in 2025 against 161 the year before. Similar lenders grew by 8% and the whole market by 10%. Its busiest recent year was 2022, with 238 loans, and it has made between 107 and 238 a year since 2018.
Some 25.3% of its loans went to neighborhoods where most residents belong to minority groups, against 10.8% at similar lenders, a higher share than about seven in ten of them. Its share in low- and moderate-income tracts rose to 14.2% from 10.1%, though that remains below the 17.2% of its peers. Its loans go mostly to existing homeowners improving or borrowing against their homes, which may shape where they fall.
It lends in one state, across five metros and seven counties. In Miami-Fort Lauderdale-West Palm Beach, its largest market, it ranks 287th of 937 lenders. Its share is too small to register in Port St. Lucie or Daytona Beach.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Velocity Community Federal Credit Union took 327 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 56.8% · Other 37.7% · Refinance 5.6%
Conventional 100.0% · of 162 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 | 162 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| West Palm Beach-Boca Raton-Delray Beach | 131 |
| Port St. Lucie | 24 |
| Fort Lauderdale-Pompano Beach-Sunrise | 4 |
| Deltona-Daytona Beach-Ormond Beach | 1 |
| Sebastian-Vero Beach-West Vero Corridor | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300QIEXWCVRBXUH64 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 338981 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 512458 | 1990–2017 |
Established 1 January 1958. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Velocity Community Federal Credit Union's data.
Velocity Community Federal Credit Union's data
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Velocity Community 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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