Applications / Mortgage Analytics / Lenders / Tennessee / FedEx Employees Credit Association
Memphis, TN · Credit union · NCUA · $632 million assets · 277 loans in 2025
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277
loans originated, 2025
419
applications, 2025
31
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
FedEx Employees Credit Association makes small, mostly non-purchase loans across 31 states, and its loan count rose 46% in 2025.
Other-purpose loans were 44.8% of its lending and home improvement 26.4%; purchases were 18.1% and refinances 10.8%. Its typical loan, $75,000, was smaller than the $105,000 at similar lenders, credit unions making between half and twice as many loans, and smaller than at most of them.
It made 277 loans, up 46%, while similar lenders grew 6% and the whole market 10%, faster than more than four in five of them. That recovers part of the ground lost since 2021, when it made 444; its count bottomed at 188 in 2023.
Its loans reached 31 states and 78 metros, though Tennessee is its main state. Outside it, its presence is thin: it ranked 745th of 1,026 lenders in Dallas-Fort Worth-Arlington. It made 30.7% of its loans in majority-minority neighborhoods, against 12.9% at similar lenders, which may follow from where it lends.
Its typical rate, 7.50%, was higher than at about three in four similar lenders, whose typical rate was 6.88%. Its other-purpose and home-improvement loans may account for that. Only 0.7% of its loans were higher-priced (a rate well above the average for similar loans), against 2.0% at 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, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. FedEx Employees Credit Association took 419 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 44.8% · Home improvement 26.4% · Purchase 18.1% · Refinance 10.8%
Conventional 99.6% · VA 0.4% · of 277 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 |
|---|---|---|
| Tennessee | 89 | 32.1% |
| Mississippi | 32 | 11.6% |
| California | 17 | 6.1% |
| Georgia | 14 | 5.1% |
| Arkansas | 13 | 4.7% |
| Pennsylvania | 13 | 4.7% |
| North Carolina | 11 | 4.0% |
| Florida | 9 | 3.2% |
| New Jersey | 9 | 3.2% |
| Texas | 9 | 3.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Memphis | 116 |
| Atlanta-Sandy Springs-Roswell | 9 |
| Pittsburgh | 7 |
| Chicago-Naperville-Schaumburg | 5 |
| Indianapolis-Carmel-Greenwood | 5 |
| Phoenix-Mesa-Chandler | 5 |
| Allentown-Bethlehem-Easton | 3 |
| Anaheim-Santa Ana-Irvine | 3 |
| Charlotte-Concord-Gastonia | 3 |
| Fort Lauderdale-Pompano Beach-Sunrise | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300OGIGNKGO2DX942 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 214384 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 521751 | 2000–2017 |
Established 1 January 1974. Reported under HMDA 2000-2025.
Mergers, name changes, data editions and corrections: FedEx Employees Credit Association's data.
FedEx Employees Credit Association's data
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FedEx Employees Credit Association 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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