PlainLender

CFCU COMMUNITY CREDIT UNION

ITHACA, NY

CFCU COMMUNITY CREDIT UNION processed 463 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 380 loans with a 10.6% denial rate. Home Purchase was the primary loan purpose. Based in ITHACA, NY. The approval rate of 82.1% 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. CFCU COMMUNITY CREDIT UNION processed 463 HMDA-reported mortgage applications in 2024, originating 380 loans and denying 49 for a denial rate of 10.6% (applicants themselves withdrew 25 files before a decision). The average loan amount was $200,205 at a 6.314% average note rate, and applicants self-reported an average income of $33,000. The lender reports under LEI 549300ZZIAVB1U6Z4S78 from ITHACA, NY.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. CFCU COMMUNITY CREDIT UNION's 82.1% origination rate tells you how often an application turned into funded money; the 10.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Collateral, Debt-to-income ratio, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (458 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.

463
Applications
380
Originated
10.6%
Denial Rate
$200,205
Avg Loan Amount
Avg Interest Rate: 6.314% Avg Applicant Income: $33,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 458 377 49 $200,459
FHA 4 3 0 $162,500
VA 1 0 0 $235,000

Top loan types — CFCU COMMUNITY CREDIT UNION

Top loan types — CFCU COMMUNITY CREDIT UNION Horizontal bar chart of the top 3 items by value (applications). Top loan types — CFCU COMMUNITY CREDIT UNION Top 3 1. Conventional 458 2. FHA 4 3. VA 1 Top 5 loan types by application volume at CFCU 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 CFCU COMMUNITY CREDIT UNION (LEI: 549300ZZIAVB1U6Z4S78) · 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

Collateral
20
Debt-to-income ratio
18
Credit history
17
Other
4
Insufficient cash
3
Unverifiable information
2
Credit application incomplete
1
Mortgage insurance denied
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 248 213 $281,976
Home Improvement 91 72 $60,165
Other 71 56 $64,718
Refinancing 27 22 $354,259
Cash-out Refinancing 26 17 $120,385

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 334 85.0% 9.3%
Asian 20 85.0% 10.0%
Black or African American 9 44.4% 44.4%
Joint 9 100.0% 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 346 85.0% 9.0%
Joint 15 100.0% 0.0%
Hispanic or Latino 6 83.3% 16.7%

Nearby Lenders in NY

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

Citibank, NA

New York, NY

54,575 apps 14,104 originated 8.6% denied

M&T BANK

BUFFALO, NY

36,377 apps 20,743 originated 30.9% denied

Loan Funder LLC

New York, NY

23,955 apps 10,690 originated 11.6% denied

BETHPAGE FEDERAL CREDIT UNION

BETHPAGE, NY

21,186 apps 9,086 originated 44.3% denied

Better Mortgage Corporation

New York, NY

18,219 apps 5,450 originated 11.3% denied
Compare CFCU COMMUNITY CREDIT UNION vs Citibank, NA →

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

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Frequently Asked Questions

How many mortgage applications did CFCU COMMUNITY CREDIT UNION process?
CFCU COMMUNITY CREDIT UNION processed 463 mortgage applications in the 2023 HMDA reporting year. Of these, 380 were originated (approved and funded), 25 were withdrawn by the applicant, and 49 were denied.
What is CFCU COMMUNITY CREDIT UNION's mortgage approval rate?
CFCU COMMUNITY CREDIT UNION has an approval (origination) rate of 82.1%, meaning 82.1% of all applications resulted in a funded mortgage. The denial rate is 10.6%.
What is the average loan amount at CFCU COMMUNITY CREDIT UNION?
The average mortgage loan amount at CFCU COMMUNITY CREDIT UNION is $200,205. The average interest rate is 6.314%. The average applicant income is $33,000.
What are the most common reasons for mortgage denial at CFCU COMMUNITY CREDIT UNION?
The most common reasons for mortgage denial at CFCU COMMUNITY CREDIT UNION are: Collateral, Debt-to-income ratio, Credit history. In total, 49 applications were denied out of 463 total applications.
What types of mortgage loans does CFCU COMMUNITY CREDIT UNION offer?
CFCU COMMUNITY CREDIT UNION processes Conventional, FHA, VA loans. The most common type is Conventional with 458 applications and an average loan amount of $200,459.
What loan purposes does CFCU COMMUNITY CREDIT UNION serve?
CFCU COMMUNITY CREDIT UNION serves the following loan purposes: Home Purchase (248 applications), Home Improvement (91 applications), Other (71 applications), Refinancing (27 applications), Cash-out Refinancing (26 applications). Home Purchase is the most common purpose.
Where is CFCU COMMUNITY CREDIT UNION located?
CFCU COMMUNITY CREDIT UNION is headquartered in ITHACA, NY. The lender is identified by LEI 549300ZZIAVB1U6Z4S78 in HMDA data.
How does CFCU COMMUNITY CREDIT UNION compare in lending across racial demographics?
CFCU COMMUNITY CREDIT UNION reports demographic lending data under HMDA requirements. White applicants have an approval rate of 85.0% and denial rate of 9.3%; Asian applicants have an approval rate of 85.0% and denial rate of 10.0%; Black or African American applicants have an approval rate of 44.4% and denial rate of 44.4%. 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.