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Cumberland County Federal Credit Union

Falmouth, ME

Cumberland County Federal Credit Union processed 232 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 172 loans with a 12.1% denial rate. Other was the primary loan purpose. Based in Falmouth, ME. The approval rate of 74.1% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Cumberland County Federal Credit Union's 74.1% origination rate tells you how often an application turned into funded money; the 12.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Credit history, Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in Conventional loans (232 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.

232
Applications
172
Originated
12.1%
Denial Rate
$100,603
Avg Loan Amount
Avg Interest Rate: 7.224% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 232 172 28 $100,603

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Cumberland County Federal Credit Union (LEI: 549300U3NIUGN9OO4407) · 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 Approval rates exclude withdrawn / incomplete applications.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
17
Credit history
15
Debt-to-income ratio
11
Collateral
3
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 95 73 $79,421
Cash-out Refinancing 70 48 $108,000
Home Improvement 45 34 $72,556
Home Purchase 17 16 $249,706
Refinancing 5 1 $145,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 171 75.4% 11.1%
Asian * 2 50.0% 50.0%
Joint * 2 50.0% 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 174 75.9% 10.9%
Hispanic or Latino * 3 100.0% 0.0%

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

Nearby Lenders in ME

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

Bangor Savings Bank

BANGOR, ME

4,953 apps 3,426 originated 18.7% denied

The Camden National Bank

CAMDEN, ME

2,443 apps 1,733 originated 11.2% denied

Kennebec Savings Bank

Augusta, ME

1,775 apps 1,044 originated 8.7% denied

Norway Savings Bank

Norway, ME

1,109 apps 624 originated 15.5% denied

Town and Country Federal Credi

South Portland, ME

1,013 apps 710 originated 15.4% denied
Compare Cumberland County Federal Credit Union vs Bangor Savings Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Cumberland County Federal Credit Union process?
Cumberland County Federal Credit Union processed 232 mortgage applications in the 2024 HMDA reporting year. Of these, 172 were originated (approved and funded), 19 were withdrawn by the applicant, and 28 were denied.
What is Cumberland County Federal Credit Union's mortgage approval rate?
Cumberland County Federal Credit Union has an approval (origination) rate of 74.1%, meaning 74.1% of all applications resulted in a funded mortgage. The denial rate is 12.1%.
What is the average loan amount at Cumberland County Federal Credit Union?
The average mortgage loan amount at Cumberland County Federal Credit Union is $100,603. The average interest rate is 7.224%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at Cumberland County Federal Credit Union?
The most common reasons for mortgage denial at Cumberland County Federal Credit Union are: Other, Credit history, Debt-to-income ratio. In total, 28 applications were denied out of 232 total applications.
What types of mortgage loans does Cumberland County Federal Credit Union offer?
Cumberland County Federal Credit Union processes Conventional loans. The most common type is Conventional with 232 applications and an average loan amount of $100,603.
What loan purposes does Cumberland County Federal Credit Union serve?
Cumberland County Federal Credit Union serves the following loan purposes: Other (95 applications), Cash-out Refinancing (70 applications), Home Improvement (45 applications), Home Purchase (17 applications), Refinancing (5 applications). Other is the most common purpose.
Where is Cumberland County Federal Credit Union located?
Cumberland County Federal Credit Union is headquartered in Falmouth, ME. The lender is identified by LEI 549300U3NIUGN9OO4407 in HMDA data.
How does Cumberland County Federal Credit Union compare in lending across racial demographics?
Cumberland County Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 75.4% and denial rate of 11.1%; Asian applicants have an approval rate of 50.0% and denial rate of 50.0%; Joint applicants have an approval rate of 50.0% 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.