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Credit Union of Colorado, A Federal Credit Union

DENVER, CO

Credit Union of Colorado, A Federal Credit Union processed 2,424 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,491 loans with a 17.4% denial rate. Other was the primary loan purpose. Based in DENVER, CO. The approval rate of 61.5% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 of Colorado, A Federal Credit Union's 61.5% origination rate tells you how often an application turned into funded money; the 17.4% 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 (2,424 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.

2,424
Applications
1,491
Originated
17.4%
Denial Rate
$131,873
Avg Loan Amount
Avg Interest Rate: 8.247% Avg Applicant Income: $39,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 2,424 1,491 422 $131,873

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Credit Union of Colorado, A Federal Credit Union (LEI: 549300ABEFRFKC9S8368) · 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 Approval rates exclude withdrawn / incomplete applications.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
306
Credit history
92
Collateral
44
Employment history
43
Other
12
Unverifiable information
9
Credit application incomplete
3
Insufficient cash
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 2,087 1,325 $113,165
Cash-out Refinancing 172 75 $218,837
Home Purchase 92 57 $358,370
Home Improvement 43 27 $120,349
Refinancing 30 7 $256,667

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,719 63.0% 17.0%
Black or African American 65 49.2% 35.4%
American Indian or Alaska Native * 47 57.5% 14.9%
Joint * 46 67.4% 13.0%
Asian * 38 34.2% 34.2%
2 or more minority races * 2 100.0% 0.0%
Native Hawaiian or Other Pacific Islander * 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 1,464 63.7% 15.8%
Hispanic or Latino 376 53.2% 27.7%
Joint 97 67.0% 18.6%

Nearby Lenders in CO

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

Pulte Mortgage LLC

Englewood, CO

28,004 apps 19,692 originated 10.9% denied

American Financing Corporation

AURORA, CO

25,138 apps 4,785 originated 52.0% denied

Ent Credit Union (68671)

COLORADO SPRINGS, CO

12,486 apps 7,861 originated 23.0% denied

Bellco Credit Union

GREENWOOD VILLAGE, CO

9,877 apps 4,150 originated 30.7% denied

Mortgage Solutions of Colorado

Colorado Springs, CO

9,759 apps 5,786 originated 3.7% denied
Compare Credit Union of Colorado, A Federal Credit Union vs Pulte Mortgage LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Credit Union of Colorado, A Federal Credit Union process?
Credit Union of Colorado, A Federal Credit Union processed 2,424 mortgage applications in the 2024 HMDA reporting year. Of these, 1,491 were originated (approved and funded), 272 were withdrawn by the applicant, and 422 were denied.
What is Credit Union of Colorado, A Federal Credit Union's mortgage approval rate?
Credit Union of Colorado, A Federal Credit Union has an approval (origination) rate of 61.5%, meaning 61.5% of all applications resulted in a funded mortgage. The denial rate is 17.4%.
What is the average loan amount at Credit Union of Colorado, A Federal Credit Union?
The average mortgage loan amount at Credit Union of Colorado, A Federal Credit Union is $131,873. The average interest rate is 8.247%. The average applicant income is $39,000.
What are the most common reasons for mortgage denial at Credit Union of Colorado, A Federal Credit Union?
The most common reasons for mortgage denial at Credit Union of Colorado, A Federal Credit Union are: Debt-to-income ratio, Credit history, Collateral. In total, 422 applications were denied out of 2,424 total applications.
What types of mortgage loans does Credit Union of Colorado, A Federal Credit Union offer?
Credit Union of Colorado, A Federal Credit Union processes Conventional loans. The most common type is Conventional with 2,424 applications and an average loan amount of $131,873.
What loan purposes does Credit Union of Colorado, A Federal Credit Union serve?
Credit Union of Colorado, A Federal Credit Union serves the following loan purposes: Other (2,087 applications), Cash-out Refinancing (172 applications), Home Purchase (92 applications), Home Improvement (43 applications), Refinancing (30 applications). Other is the most common purpose.
Where is Credit Union of Colorado, A Federal Credit Union located?
Credit Union of Colorado, A Federal Credit Union is headquartered in DENVER, CO. The lender is identified by LEI 549300ABEFRFKC9S8368 in HMDA data.
How does Credit Union of Colorado, A Federal Credit Union compare in lending across racial demographics?
Credit Union of Colorado, A Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 63.0% and denial rate of 17.0%; Black or African American applicants have an approval rate of 49.2% and denial rate of 35.4%; American Indian or Alaska Native applicants have an approval rate of 57.5% and denial rate of 14.9%. 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.