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Central Willamette Credit Union

Albany, OR

Central Willamette Credit Union processed 172 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 74 loans with a 27.9% denial rate. Other was the primary loan purpose. Based in Albany, OR. The approval rate of 43.0% reflects originated loans as a share of all applications.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Central Willamette Credit Union's 43.0% origination rate tells you how often an application turned into funded money; the 27.9% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (170 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.

172
Applications
74
Originated
27.9%
Denial Rate
$119,826
Avg Loan Amount
Avg Interest Rate: 8.215% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 170 74 46 $117,412
FHA 2 0 2 $325,000

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Central Willamette Credit Union (LEI: 549300CPJH6JMU13EQ37) · 2024 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 Approval rates exclude withdrawn / incomplete applications.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
38
Credit history
19
Other
4
Employment history
4
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 69 27 $75,870
Home Improvement 38 20 $69,474
Home Purchase 33 13 $160,758
Cash-out Refinancing 20 10 $302,000
Refinancing 12 4 $115,833

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 127 43.3% 30.7%
Joint * 5 40.0% 40.0%
Asian * 3 33.3% 33.3%
American Indian or Alaska Native * 1 100.0% 0.0%
Black or African American * 1 0.0% 100.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

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 118 44.9% 28.8%
Hispanic or Latino * 10 20.0% 50.0%
Joint * 6 66.7% 16.7%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in OR

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

OnPoint Community Credit Union

Portland, OR

10,400 apps 7,152 originated 17.4% denied

Umpqua Bank

PORTLAND, OR

8,064 apps 4,989 originated 20.1% denied

First Technology Credit Union

Beaverton, OR

6,270 apps 3,364 originated 14.7% denied

Rogue Credit Union

MEDFORD, OR

2,752 apps 1,802 originated 12.1% denied

Selco Community Credit Union

SPRINGFIELD, OR

2,086 apps 1,226 originated 27.1% denied
Compare Central Willamette Credit Union vs OnPoint Community Credit Union →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Central Willamette Credit Union process?
Central Willamette Credit Union processed 172 mortgage applications in the 2024 HMDA reporting year. Of these, 74 were originated (approved and funded), 40 were withdrawn by the applicant, and 48 were denied.
What is Central Willamette Credit Union's mortgage approval rate?
Central Willamette Credit Union has an approval (origination) rate of 43.0%, meaning 43.0% of all applications resulted in a funded mortgage. The denial rate is 27.9%.
What is the average loan amount at Central Willamette Credit Union?
The average mortgage loan amount at Central Willamette Credit Union is $119,826. The average interest rate is 8.215%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at Central Willamette Credit Union?
The most common reasons for mortgage denial at Central Willamette Credit Union are: Debt-to-income ratio, Credit history, Other. In total, 48 applications were denied out of 172 total applications.
What types of mortgage loans does Central Willamette Credit Union offer?
Central Willamette Credit Union processes Conventional, FHA loans. The most common type is Conventional with 170 applications and an average loan amount of $117,412.
What loan purposes does Central Willamette Credit Union serve?
Central Willamette Credit Union serves the following loan purposes: Other (69 applications), Home Improvement (38 applications), Home Purchase (33 applications), Cash-out Refinancing (20 applications), Refinancing (12 applications). Other is the most common purpose.
Where is Central Willamette Credit Union located?
Central Willamette Credit Union is headquartered in Albany, OR. The lender is identified by LEI 549300CPJH6JMU13EQ37 in HMDA data.
How does Central Willamette Credit Union compare in lending across racial demographics?
Central Willamette Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 43.3% and denial rate of 30.7%; Joint applicants have an approval rate of 40.0% and denial rate of 40.0%; Asian applicants have an approval rate of 33.3% and denial rate of 33.3%. 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.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.