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1st Community Credit Union

Sparta, WI

1st Community Credit Union processed 189 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 108 loans with a 19.6% denial rate. Home Purchase was the primary loan purpose. Based in Sparta, WI. The approval rate of 57.1% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. 1st Community Credit Union processed 189 HMDA-reported mortgage applications in 2024, originating 108 loans and denying 37 for a denial rate of 19.6% (applicants themselves withdrew 12 files before a decision). The average loan amount was $144,577 at a 7.705% average note rate, and applicants self-reported an average income of $37,000. The lender reports under LEI 5493006FUC5WGWNUXC12 from Sparta, WI.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. 1st Community Credit Union's 57.1% origination rate tells you how often an application turned into funded money; the 19.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (184 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

189
Applications
108
Originated
19.6%
Denial Rate
$144,577
Avg Loan Amount
Avg Interest Rate: 7.705% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 184 108 34 $140,163
VA 4 0 2 $345,000
USDA 1 0 1 $155,000

Top loan types — 1st Community Credit Union

Top loan types — 1st Community Credit Union Horizontal bar chart of the top 3 items by value (applications). Top loan types — 1st Community Credit Union Top 3 1. Conventional 184 2. VA 4 3. USDA 1 Top 5 loan types by application volume at 1st Community Credit Union (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for 1st Community Credit Union (LEI: 5493006FUC5WGWNUXC12) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
15
Debt-to-income ratio
10
Collateral
6
Unverifiable information
2
Credit application incomplete
2
Employment history
1
Other
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 67 35 $179,328
Cash-out Refinancing 60 33 $155,667
Refinancing 45 28 $108,778
Other 17 12 $63,235

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 178 57.9% 20.2%
Black or African American 2 50.0% 0.0%
Joint 2 100.0% 0.0%
American Indian or Alaska Native 1 0.0% 0.0%
Asian 1 100.0% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 181 59.1% 18.8%
Hispanic or Latino 3 0.0% 66.7%

Nearby Lenders in WI

Other HMDA-reporting lenders in WI with similar activity. Compare any two side-by-side.

FAIRWAY INDEPENDENT MORT CORP

MADISON, WI

102,501 apps 74,401 originated 4.7% denied

Summit Credit Union

Cottage Grove, WI

15,990 apps 9,929 originated 10.9% denied

UW CREDIT UNION

MADISON, WI

11,177 apps 8,477 originated 12.3% denied

Associated Bank NA

Green Bay, WI

10,999 apps 6,532 originated 24.4% denied

WATERSTONE MORTGAGE CORPORATION

BROOKFIELD, WI

10,792 apps 7,819 originated 4.5% denied
Compare 1st Community Credit Union vs FAIRWAY INDEPENDENT MORT CORP →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did 1st Community Credit Union process?
1st Community Credit Union processed 189 mortgage applications in the 2023 HMDA reporting year. Of these, 108 were originated (approved and funded), 12 were withdrawn by the applicant, and 37 were denied.
What is 1st Community Credit Union's mortgage approval rate?
1st Community Credit Union has an approval (origination) rate of 57.1%, meaning 57.1% of all applications resulted in a funded mortgage. The denial rate is 19.6%.
What is the average loan amount at 1st Community Credit Union?
The average mortgage loan amount at 1st Community Credit Union is $144,577. The average interest rate is 7.705%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at 1st Community Credit Union?
The most common reasons for mortgage denial at 1st Community Credit Union are: Credit history, Debt-to-income ratio, Collateral. In total, 37 applications were denied out of 189 total applications.
What types of mortgage loans does 1st Community Credit Union offer?
1st Community Credit Union processes Conventional, VA, USDA loans. The most common type is Conventional with 184 applications and an average loan amount of $140,163.
What loan purposes does 1st Community Credit Union serve?
1st Community Credit Union serves the following loan purposes: Home Purchase (67 applications), Cash-out Refinancing (60 applications), Refinancing (45 applications), Other (17 applications). Home Purchase is the most common purpose.
Where is 1st Community Credit Union located?
1st Community Credit Union is headquartered in Sparta, WI. The lender is identified by LEI 5493006FUC5WGWNUXC12 in HMDA data.
How does 1st Community Credit Union compare in lending across racial demographics?
1st Community Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 57.9% and denial rate of 20.2%; Black or African American applicants have an approval rate of 50.0% and denial rate of 0.0%; Joint applicants have an approval rate of 100.0% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.