PlainLender

Century FCU

Cleveland, OH

Century FCU processed 470 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 269 loans with a 19.1% denial rate. Other was the primary loan purpose. Based in Cleveland, OH. The approval rate of 57.2% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Century FCU's 57.2% origination rate tells you how often an application turned into funded money; the 19.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Unverifiable information, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (470 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.

470
Applications
269
Originated
19.1%
Denial Rate
$137,936
Avg Loan Amount
Avg Interest Rate: 7.310% Avg Applicant Income: $33,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 470 269 90 $137,936

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Century FCU (LEI: 549300YS7PW1Y7DQZG40) · 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 Approval rates exclude withdrawn / incomplete applications.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
52
Unverifiable information
34
Other
17
Credit history
15
Collateral
8
Credit application incomplete
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 162 93 $73,395
Home Improvement 126 86 $77,540
Home Purchase 117 48 $252,436
Refinancing 46 31 $235,652
Cash-out Refinancing 19 11 $147,105

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 291 63.2% 17.5%
Black or African American 98 49.0% 22.4%
Asian * 14 35.7% 28.6%
Joint * 13 69.2% 23.1%
2 or more minority races * 1 0.0% 0.0%
American Indian or Alaska Native * 1 0.0% 0.0%

* 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 385 59.7% 19.0%
Hispanic or Latino * 30 56.7% 23.3%
Joint * 15 46.7% 26.7%

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

Nearby Lenders in OH

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

Us Bank, N.A.

CINCINNATI, OH

202,480 apps 74,512 originated 26.8% denied

Crosscountry Mortgage, LLC

Cleveland, OH

157,258 apps 101,894 originated 2.4% denied

JPMorgan Chase Bank, NA

Columbus, OH

150,113 apps 80,744 originated 8.1% denied

Huntington National Bank

Columbus, OH

99,675 apps 52,025 originated 28.8% denied

Fifth Third Bank, National Association

Cincinnati, OH

64,220 apps 30,494 originated 23.9% denied
Compare Century FCU vs Us Bank, N.A. →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Century FCU process?
Century FCU processed 470 mortgage applications in the 2024 HMDA reporting year. Of these, 269 were originated (approved and funded), 72 were withdrawn by the applicant, and 90 were denied.
What is Century FCU's mortgage approval rate?
Century FCU has an approval (origination) rate of 57.2%, meaning 57.2% of all applications resulted in a funded mortgage. The denial rate is 19.1%.
What is the average loan amount at Century FCU?
The average mortgage loan amount at Century FCU is $137,936. The average interest rate is 7.310%. The average applicant income is $33,000.
What are the most common reasons for mortgage denial at Century FCU?
The most common reasons for mortgage denial at Century FCU are: Debt-to-income ratio, Unverifiable information, Other. In total, 90 applications were denied out of 470 total applications.
What types of mortgage loans does Century FCU offer?
Century FCU processes Conventional loans. The most common type is Conventional with 470 applications and an average loan amount of $137,936.
What loan purposes does Century FCU serve?
Century FCU serves the following loan purposes: Other (162 applications), Home Improvement (126 applications), Home Purchase (117 applications), Refinancing (46 applications), Cash-out Refinancing (19 applications). Other is the most common purpose.
Where is Century FCU located?
Century FCU is headquartered in Cleveland, OH. The lender is identified by LEI 549300YS7PW1Y7DQZG40 in HMDA data.
How does Century FCU compare in lending across racial demographics?
Century FCU reports demographic lending data under HMDA requirements. White applicants have an approval rate of 63.2% and denial rate of 17.5%; Black or African American applicants have an approval rate of 49.0% and denial rate of 22.4%; Asian applicants have an approval rate of 35.7% and denial rate of 28.6%. 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.