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Connexus Credit Union

WAUSAU, WI

Connexus Credit Union processed 2,299 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 776 loans with a 48.0% denial rate. Other was the primary loan purpose. Based in WAUSAU, WI. The approval rate of 33.8% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Connexus Credit Union's 33.8% origination rate tells you how often an application turned into funded money; the 48.0% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Debt-to-income ratio, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (2,299 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.

2,299
Applications
776
Originated
48.0%
Denial Rate
$111,116
Avg Loan Amount
Avg Interest Rate: 6.764% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 2,299 776 1,104 $111,116

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Connexus Credit Union (LEI: 2549007AU24FVDMNUB40) · 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 Approval rates exclude withdrawn / incomplete applications.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

Other
690
Debt-to-income ratio
635
Credit history
492
Collateral
76
Employment history
58
Unverifiable information
25
Credit application incomplete
4
Insufficient cash
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 900 218 $82,100
Home Improvement 807 298 $91,332
Refinancing 271 98 $124,004
Home Purchase 168 77 $301,190
Cash-out Refinancing 153 85 $154,608

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,549 35.7% 45.9%
Asian 117 31.6% 47.9%
Black or African American 104 12.5% 75.0%
Joint * 42 57.1% 26.2%
American Indian or Alaska Native * 22 18.2% 59.1%
2 or more minority races * 10 20.0% 60.0%
Native Hawaiian or Other Pacific Islander * 10 10.0% 80.0%

* 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 1,629 34.4% 47.2%
Hispanic or Latino 202 20.3% 62.9%
Joint * 40 47.5% 35.0%

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

Nearby Lenders in WI

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

Fairway Independent Mort CORP

MADISON, WI

102,501 apps 74,401 originated 4.7% denied

Summit Credit Union

Cottage Grove, WI

15,990 apps 9,929 originated 10.9% denied

Uw Credit Union

MADISON, WI

11,177 apps 8,477 originated 12.3% denied

Associated Bank NA

Green Bay, WI

10,999 apps 6,532 originated 24.4% denied

Waterstone Mortgage Corporation

BROOKFIELD, WI

10,792 apps 7,819 originated 4.5% denied
Compare Connexus Credit Union vs Fairway Independent Mort CORP →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Connexus Credit Union process?
Connexus Credit Union processed 2,299 mortgage applications in the 2024 HMDA reporting year. Of these, 776 were originated (approved and funded), 72 were withdrawn by the applicant, and 1,104 were denied.
What is Connexus Credit Union's mortgage approval rate?
Connexus Credit Union has an approval (origination) rate of 33.8%, meaning 33.8% of all applications resulted in a funded mortgage. The denial rate is 48.0%.
What is the average loan amount at Connexus Credit Union?
The average mortgage loan amount at Connexus Credit Union is $111,116. The average interest rate is 6.764%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at Connexus Credit Union?
The most common reasons for mortgage denial at Connexus Credit Union are: Other, Debt-to-income ratio, Credit history. In total, 1,104 applications were denied out of 2,299 total applications.
What types of mortgage loans does Connexus Credit Union offer?
Connexus Credit Union processes Conventional loans. The most common type is Conventional with 2,299 applications and an average loan amount of $111,116.
What loan purposes does Connexus Credit Union serve?
Connexus Credit Union serves the following loan purposes: Other (900 applications), Home Improvement (807 applications), Refinancing (271 applications), Home Purchase (168 applications), Cash-out Refinancing (153 applications). Other is the most common purpose.
Where is Connexus Credit Union located?
Connexus Credit Union is headquartered in WAUSAU, WI. The lender is identified by LEI 2549007AU24FVDMNUB40 in HMDA data.
How does Connexus Credit Union compare in lending across racial demographics?
Connexus Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 35.7% and denial rate of 45.9%; Asian applicants have an approval rate of 31.6% and denial rate of 47.9%; Black or African American applicants have an approval rate of 12.5% and denial rate of 75.0%. 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.