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Copper State Credit Union

Phoenix, AZ

Copper State Credit Union processed 728 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 536 loans with a 18.5% denial rate. Other was the primary loan purpose. Based in Phoenix, AZ. The approval rate of 73.6% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Copper State Credit Union's 73.6% origination rate tells you how often an application turned into funded money; the 18.5% 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 (728 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.

728
Applications
536
Originated
18.5%
Denial Rate
$89,849
Avg Loan Amount
Avg Interest Rate: 8.168% Avg Applicant Income: $39,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 728 536 135 $89,849

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Copper State Credit Union (LEI: 5493002IVUY1DY0ZCL83) · 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 Approval rates exclude withdrawn / incomplete applications.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
74
Credit history
53
Other
49
Collateral
21
Unverifiable information
6
Employment history
5
Insufficient cash
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 310 242 $65,516
Home Improvement 268 191 $72,649
Refinancing 80 63 $112,125
Home Purchase 44 28 $253,864
Cash-out Refinancing 26 12 $211,154

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 559 75.7% 18.1%
Black or African American * 30 63.3% 23.3%
Asian * 19 73.7% 21.1%
Joint * 12 83.3% 8.3%
American Indian or Alaska Native * 6 100.0% 0.0%
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 468 76.7% 17.3%
Hispanic or Latino 159 69.2% 22.6%
Joint * 28 82.1% 10.7%

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

Nearby Lenders in AZ

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

The Loan Store, Inc

Tucson, AZ

37,522 apps 23,548 originated 12.7% denied

Desert Financial Credit Union

Phoenix, AZ

14,881 apps 8,747 originated 30.3% denied

V.I.P. Mortgage, INC.

SCOTTSDALE, AZ

10,272 apps 6,989 originated 2.0% denied

Geneva Financial LLC

Chandler, AZ

9,015 apps 5,938 originated 2.7% denied

Nova Financial & Investment Corporation

Tucson, AZ

6,917 apps 4,748 originated 5.3% denied
Compare Copper State Credit Union vs The Loan Store, Inc →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Copper State Credit Union process?
Copper State Credit Union processed 728 mortgage applications in the 2024 HMDA reporting year. Of these, 536 were originated (approved and funded), 29 were withdrawn by the applicant, and 135 were denied.
What is Copper State Credit Union's mortgage approval rate?
Copper State Credit Union has an approval (origination) rate of 73.6%, meaning 73.6% of all applications resulted in a funded mortgage. The denial rate is 18.5%.
What is the average loan amount at Copper State Credit Union?
The average mortgage loan amount at Copper State Credit Union is $89,849. The average interest rate is 8.168%. The average applicant income is $39,000.
What are the most common reasons for mortgage denial at Copper State Credit Union?
The most common reasons for mortgage denial at Copper State Credit Union are: Debt-to-income ratio, Credit history, Other. In total, 135 applications were denied out of 728 total applications.
What types of mortgage loans does Copper State Credit Union offer?
Copper State Credit Union processes Conventional loans. The most common type is Conventional with 728 applications and an average loan amount of $89,849.
What loan purposes does Copper State Credit Union serve?
Copper State Credit Union serves the following loan purposes: Other (310 applications), Home Improvement (268 applications), Refinancing (80 applications), Home Purchase (44 applications), Cash-out Refinancing (26 applications). Other is the most common purpose.
Where is Copper State Credit Union located?
Copper State Credit Union is headquartered in Phoenix, AZ. The lender is identified by LEI 5493002IVUY1DY0ZCL83 in HMDA data.
How does Copper State Credit Union compare in lending across racial demographics?
Copper State Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 75.7% and denial rate of 18.1%; Black or African American applicants have an approval rate of 63.3% and denial rate of 23.3%; Asian applicants have an approval rate of 73.7% and denial rate of 21.1%. 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.