PlainLender

Credit Union 1

LOMBARD, IL

Credit Union 1 processed 1,473 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 550 loans with a 32.9% denial rate. Cash-out Refinancing was the primary loan purpose. Based in LOMBARD, IL. The approval rate of 37.3% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Credit Union 1's 37.3% origination rate tells you how often an application turned into funded money; the 32.9% 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, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,473 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.

1,473
Applications
550
Originated
32.9%
Denial Rate
$121,443
Avg Loan Amount
Avg Interest Rate: 7.971% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,473 550 485 $121,443

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Credit Union 1 (LEI: 5493005T71YXBHEO2093) · 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 Approval rates exclude withdrawn / incomplete applications.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
189
Credit history
189
Collateral
61
Credit application incomplete
33
Unverifiable information
9
Other
8
Employment history
2
Insufficient cash
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 1,325 487 $106,200
Home Purchase 116 62 $306,293
Home Improvement 25 0 $61,000
Refinancing 5 1 $181,000
Other 2 0 $105,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 677 45.8% 26.1%
Black or African American 426 30.3% 40.9%
Asian 80 31.3% 31.3%
Joint * 19 31.6% 31.6%
American Indian or Alaska Native * 16 25.0% 43.8%
2 or more minority races * 10 20.0% 50.0%
Native Hawaiian or Other Pacific Islander * 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 1,036 39.9% 31.2%
Hispanic or Latino 210 27.1% 40.5%
Joint * 25 44.0% 16.0%

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

Nearby Lenders in IL

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

Guaranteed Rate, INC.

CHICAGO, IL

124,492 apps 62,820 originated 5.1% denied

BMO Harris Bank NA

Chicago, IL

42,165 apps 18,166 originated 29.4% denied

Mutual of Omaha Mortgage

Lombard, IL

34,393 apps 19,951 originated 20.2% denied

Guaranteed Rate Affinity, LLC

CHICAGO, IL

21,826 apps 14,587 originated 6.0% denied

The Federal Savings Bank

CHICAGO, IL

20,656 apps 8,146 originated 9.3% denied
Compare Credit Union 1 vs Guaranteed Rate, INC. →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Credit Union 1 process?
Credit Union 1 processed 1,473 mortgage applications in the 2024 HMDA reporting year. Of these, 550 were originated (approved and funded), 356 were withdrawn by the applicant, and 485 were denied.
What is Credit Union 1's mortgage approval rate?
Credit Union 1 has an approval (origination) rate of 37.3%, meaning 37.3% of all applications resulted in a funded mortgage. The denial rate is 32.9%.
What is the average loan amount at Credit Union 1?
The average mortgage loan amount at Credit Union 1 is $121,443. The average interest rate is 7.971%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at Credit Union 1?
The most common reasons for mortgage denial at Credit Union 1 are: Debt-to-income ratio, Credit history, Collateral. In total, 485 applications were denied out of 1,473 total applications.
What types of mortgage loans does Credit Union 1 offer?
Credit Union 1 processes Conventional loans. The most common type is Conventional with 1,473 applications and an average loan amount of $121,443.
What loan purposes does Credit Union 1 serve?
Credit Union 1 serves the following loan purposes: Cash-out Refinancing (1,325 applications), Home Purchase (116 applications), Home Improvement (25 applications), Refinancing (5 applications), Other (2 applications). Cash-out Refinancing is the most common purpose.
Where is Credit Union 1 located?
Credit Union 1 is headquartered in LOMBARD, IL. The lender is identified by LEI 5493005T71YXBHEO2093 in HMDA data.
How does Credit Union 1 compare in lending across racial demographics?
Credit Union 1 reports demographic lending data under HMDA requirements. White applicants have an approval rate of 45.8% and denial rate of 26.1%; Black or African American applicants have an approval rate of 30.3% and denial rate of 40.9%; Asian applicants have an approval rate of 31.3% and denial rate of 31.3%. 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.