PlainLender

EDUCATION CREDIT UNION

AMARILLO, TX

EDUCATION CREDIT UNION processed 283 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 236 loans with a 2.1% denial rate. Cash-out Refinancing was the primary loan purpose. Based in AMARILLO, TX. The approval rate of 83.4% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. EDUCATION CREDIT UNION processed 283 HMDA-reported mortgage applications in 2024, originating 236 loans and denying 6 for a denial rate of 2.1% (applicants themselves withdrew 23 files before a decision). The average loan amount was $110,760 at a 7.721% average note rate, and applicants self-reported an average income of $38,000. The lender reports under LEI 549300VG0KDMI6ULUX54 from AMARILLO, TX.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. EDUCATION CREDIT UNION's 83.4% origination rate tells you how often an application turned into funded money; the 2.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Collateral, Debt-to-income ratio, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (283 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.

283
Applications
236
Originated
2.1%
Denial Rate
$110,760
Avg Loan Amount
Avg Interest Rate: 7.721% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 283 236 6 $110,760

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for EDUCATION CREDIT UNION (LEI: 549300VG0KDMI6ULUX54) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Collateral
4
Debt-to-income ratio
1
Other
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 235 202 $95,383
Home Purchase 39 28 $206,282
Refinancing 9 6 $98,333

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 263 83.3% 2.3%
Black or African American 7 100.0% 0.0%
Asian 4 100.0% 0.0%
Joint 3 100.0% 0.0%
American Indian or Alaska Native 1 0.0% 0.0%

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 192 83.8% 2.1%
Hispanic or Latino 61 78.7% 3.3%
Joint 24 91.7% 0.0%

Nearby Lenders in TX

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

Nationstar Mortgage

Coppell, TX

110,111 apps 41,693 originated 9.2% denied

DHI Mortgage Company, LTD.

Austin, TX

96,056 apps 70,673 originated 10.3% denied

PRIMELENDING

DALLAS, TX

36,578 apps 25,147 originated 5.3% denied

Credit Human Federal Credit Un

San Antonio, TX

28,052 apps 2,953 originated 75.7% denied

USAA BANK

SAN ANTONIO, TX

28,020 apps 13,205 originated 23.5% denied
Compare EDUCATION CREDIT UNION vs Nationstar Mortgage →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

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Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did EDUCATION CREDIT UNION process?
EDUCATION CREDIT UNION processed 283 mortgage applications in the 2023 HMDA reporting year. Of these, 236 were originated (approved and funded), 23 were withdrawn by the applicant, and 6 were denied.
What is EDUCATION CREDIT UNION's mortgage approval rate?
EDUCATION CREDIT UNION has an approval (origination) rate of 83.4%, meaning 83.4% of all applications resulted in a funded mortgage. The denial rate is 2.1%.
What is the average loan amount at EDUCATION CREDIT UNION?
The average mortgage loan amount at EDUCATION CREDIT UNION is $110,760. The average interest rate is 7.721%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at EDUCATION CREDIT UNION?
The most common reasons for mortgage denial at EDUCATION CREDIT UNION are: Collateral, Debt-to-income ratio, Other. In total, 6 applications were denied out of 283 total applications.
What types of mortgage loans does EDUCATION CREDIT UNION offer?
EDUCATION CREDIT UNION processes Conventional loans. The most common type is Conventional with 283 applications and an average loan amount of $110,760.
What loan purposes does EDUCATION CREDIT UNION serve?
EDUCATION CREDIT UNION serves the following loan purposes: Cash-out Refinancing (235 applications), Home Purchase (39 applications), Refinancing (9 applications). Cash-out Refinancing is the most common purpose.
Where is EDUCATION CREDIT UNION located?
EDUCATION CREDIT UNION is headquartered in AMARILLO, TX. The lender is identified by LEI 549300VG0KDMI6ULUX54 in HMDA data.
How does EDUCATION CREDIT UNION compare in lending across racial demographics?
EDUCATION CREDIT UNION reports demographic lending data under HMDA requirements. White applicants have an approval rate of 83.3% and denial rate of 2.3%; Black or African American applicants have an approval rate of 100.0% and denial rate of 0.0%; Asian applicants have an approval rate of 100.0% 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.