AMERICAN EAGLE FCU

EAST HARTFORD, CT

AMERICAN EAGLE FCU processed 1,866 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,223 loans with a 22.8% denial rate. Home Improvement was the primary loan purpose. Based in EAST HARTFORD, CT. The approval rate of 65.5% 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. AMERICAN EAGLE FCU processed 1,866 HMDA-reported mortgage applications in 2024, originating 1,223 loans and denying 426 for a denial rate of 22.8% (applicants themselves withdrew 145 files before a decision). The average loan amount was $127,229 at a 8.497% average note rate, and applicants self-reported an average income of $38,000. The lender reports under LEI 549300TYBI78RNWPFB28 from EAST HARTFORD, CT.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. AMERICAN EAGLE FCU's 65.5% origination rate tells you how often an application turned into funded money; the 22.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit application incomplete, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,861 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.

1,866
Applications
1,223
Originated
22.8%
Denial Rate
$127,229
Avg Loan Amount
Avg Interest Rate: 8.497% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,861 1,221 424 $126,929
FHA 5 2 2 $239,000

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for AMERICAN EAGLE FCU (LEI: 549300TYBI78RNWPFB28) · 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

Debt-to-income ratio
189
Credit application incomplete
120
Credit history
91
Other
60
Collateral
51
Unverifiable information
9
Employment history
7
Insufficient cash
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 707 502 $84,364
Other 497 303 $95,241
Refinancing 416 291 $129,375
Home Purchase 203 107 $319,926
Cash-out Refinancing 43 20 $271,279

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,296 69.1% 21.1%
Black or African American 187 55.1% 33.7%
Asian 69 52.2% 18.8%
Joint 28 75.0% 21.4%
American Indian or Alaska Native 13 53.9% 30.8%
2 or more minority races 9 44.4% 33.3%
Native Hawaiian or Other Pacific Islander 7 57.1% 28.6%

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 1,347 68.2% 21.2%
Hispanic or Latino 212 54.3% 32.5%
Joint 57 63.2% 26.3%

Nearby Lenders in CT

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

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did AMERICAN EAGLE FCU process?
AMERICAN EAGLE FCU processed 1,866 mortgage applications in the 2023 HMDA reporting year. Of these, 1,223 were originated (approved and funded), 145 were withdrawn by the applicant, and 426 were denied.
What is AMERICAN EAGLE FCU's mortgage approval rate?
AMERICAN EAGLE FCU has an approval (origination) rate of 65.5%, meaning 65.5% of all applications resulted in a funded mortgage. The denial rate is 22.8%.
What is the average loan amount at AMERICAN EAGLE FCU?
The average mortgage loan amount at AMERICAN EAGLE FCU is $127,229. The average interest rate is 8.497%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at AMERICAN EAGLE FCU?
The most common reasons for mortgage denial at AMERICAN EAGLE FCU are: Debt-to-income ratio, Credit application incomplete, Credit history. In total, 426 applications were denied out of 1,866 total applications.
What types of mortgage loans does AMERICAN EAGLE FCU offer?
AMERICAN EAGLE FCU processes Conventional, FHA loans. The most common type is Conventional with 1,861 applications and an average loan amount of $126,929.
What loan purposes does AMERICAN EAGLE FCU serve?
AMERICAN EAGLE FCU serves the following loan purposes: Home Improvement (707 applications), Other (497 applications), Refinancing (416 applications), Home Purchase (203 applications), Cash-out Refinancing (43 applications). Home Improvement is the most common purpose.
Where is AMERICAN EAGLE FCU located?
AMERICAN EAGLE FCU is headquartered in EAST HARTFORD, CT. The lender is identified by LEI 549300TYBI78RNWPFB28 in HMDA data.
How does AMERICAN EAGLE FCU compare in lending across racial demographics?
AMERICAN EAGLE FCU reports demographic lending data under HMDA requirements. White applicants have an approval rate of 69.1% and denial rate of 21.1%; Black or African American applicants have an approval rate of 55.1% and denial rate of 33.7%; Asian applicants have an approval rate of 52.2% and denial rate of 18.8%. 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.