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Cobalt Credit Union

PAPILLION, NE

Cobalt Credit Union processed 814 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 480 loans with a 14.6% denial rate. Cash-out Refinancing was the primary loan purpose. Based in PAPILLION, NE. The approval rate of 59.0% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Cobalt Credit Union's 59.0% origination rate tells you how often an application turned into funded money; the 14.6% 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 (781 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.

814
Applications
480
Originated
14.6%
Denial Rate
$122,236
Avg Loan Amount
Avg Interest Rate: 7.472% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 781 461 115 $116,729
VA 18 14 1 $296,667
FHA 15 5 3 $199,667

Top loan types - Cobalt Credit Union

Top loan types - Cobalt Credit Union Horizontal bar chart of the top 3 items by value (applications). Top loan types - Cobalt Credit Union Top 3 1. Conventional 781 2. VA 18 3. FHA 15 Top 5 loan types by application volume at Cobalt Credit Union (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Cobalt Credit Union (LEI: 549300XUFWU3F35PWM42) · 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

Credit history
63
Debt-to-income ratio
31
Collateral
11
Unverifiable information
6
Employment history
3
Other
2
Credit application incomplete
2
Insufficient cash
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 314 213 $90,287
Refinancing 258 168 $91,240
Home Purchase 219 98 $210,160
Other 23 1 $68,913

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 662 64.3% 13.0%
Black or African American * 39 43.6% 28.2%
Joint * 11 81.8% 0.0%
American Indian or Alaska Native * 9 22.2% 11.1%
Asian * 8 50.0% 12.5%
2 or more minority races * 1 100.0% 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 501 68.9% 9.8%
Hispanic or Latino 213 45.1% 25.4%
Joint * 18 77.8% 5.6%

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

Nearby Lenders in NE

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

First National Bank of Omaha

OMAHA, NE

7,537 apps 4,818 originated 17.0% denied

West Gate Bank

Lincoln, NE

3,589 apps 2,003 originated 3.0% denied

Pinnacle Bank

LINCOLN, NE

3,058 apps 2,573 originated 5.0% denied

Charter West Bank

West Point, NE

2,250 apps 1,580 originated 7.3% denied

Centris Federal Credit Union

Omaha, NE

2,107 apps 1,318 originated 19.9% denied
Compare Cobalt Credit Union vs First National Bank of Omaha →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Cobalt Credit Union process?
Cobalt Credit Union processed 814 mortgage applications in the 2024 HMDA reporting year. Of these, 480 were originated (approved and funded), 206 were withdrawn by the applicant, and 119 were denied.
What is Cobalt Credit Union's mortgage approval rate?
Cobalt Credit Union has an approval (origination) rate of 59.0%, meaning 59.0% of all applications resulted in a funded mortgage. The denial rate is 14.6%.
What is the average loan amount at Cobalt Credit Union?
The average mortgage loan amount at Cobalt Credit Union is $122,236. The average interest rate is 7.472%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at Cobalt Credit Union?
The most common reasons for mortgage denial at Cobalt Credit Union are: Credit history, Debt-to-income ratio, Collateral. In total, 119 applications were denied out of 814 total applications.
What types of mortgage loans does Cobalt Credit Union offer?
Cobalt Credit Union processes Conventional, VA, FHA loans. The most common type is Conventional with 781 applications and an average loan amount of $116,729.
What loan purposes does Cobalt Credit Union serve?
Cobalt Credit Union serves the following loan purposes: Cash-out Refinancing (314 applications), Refinancing (258 applications), Home Purchase (219 applications), Other (23 applications). Cash-out Refinancing is the most common purpose.
Where is Cobalt Credit Union located?
Cobalt Credit Union is headquartered in PAPILLION, NE. The lender is identified by LEI 549300XUFWU3F35PWM42 in HMDA data.
How does Cobalt Credit Union compare in lending across racial demographics?
Cobalt Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 64.3% and denial rate of 13.0%; Black or African American applicants have an approval rate of 43.6% and denial rate of 28.2%; Joint applicants have an approval rate of 81.8% 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.

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.