PlainLender

Educational Employees Credit Union

FRESNO, CA

Educational Employees Credit Union processed 2,661 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 900 loans with a 59.1% denial rate. Home Improvement was the primary loan purpose. Based in FRESNO, CA. The approval rate of 33.8% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Educational Employees Credit Union's 33.8% origination rate tells you how often an application turned into funded money; the 59.1% 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, Credit application incomplete, which together explain the majority of rejections. Most activity concentrated in Conventional loans (2,661 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.

2,661
Applications
900
Originated
59.1%
Denial Rate
$147,172
Avg Loan Amount
Avg Interest Rate: 7.038% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 2,661 900 1,573 $147,172

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Educational Employees Credit Union (LEI: 2549004OC91L41W9XR37) · 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 Approval rates exclude withdrawn / incomplete applications.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
1,007
Credit history
684
Credit application incomplete
256
Other
233
Collateral
106
Employment history
39
Unverifiable information
23
Insufficient cash
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 1,103 416 $91,383
Other 891 235 $82,912
Refinancing 366 110 $237,650
Home Purchase 292 138 $438,562
Cash-out Refinancing 9 1 $212,778

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,063 40.9% 52.8%
Asian 191 20.4% 72.3%
Joint 61 41.0% 55.7%
Black or African American * 43 23.3% 72.1%
American Indian or Alaska Native * 36 13.9% 72.2%
2 or more minority races * 7 28.6% 57.1%
Native Hawaiian or Other Pacific Islander * 6 0.0% 100.0%

* 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
Hispanic or Latino 844 22.6% 72.2%
Not Hispanic or Latino 746 41.5% 52.4%
Joint 122 38.5% 54.9%

Nearby Lenders in CA

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

Pennymac Loan Services LLC

WESTLAKE VILLAGE, CA

384,816 apps 67,294 originated 4.7% denied

Bank of America NA

Westlake Village, CA

233,637 apps 83,165 originated 34.6% denied

AmeriHome Mortgage Company, LLC

Thousand Oaks, CA

149,937 apps 6,250 originated 0.8% denied

Loandepot.Com, LLC

IRVINE, CA

142,924 apps 79,418 originated 23.3% denied

New American Funding, LLC.

TUSTIN, CA

118,479 apps 48,639 originated 11.1% denied
Compare Educational Employees Credit Union vs Pennymac Loan Services LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Educational Employees Credit Union process?
Educational Employees Credit Union processed 2,661 mortgage applications in the 2024 HMDA reporting year. Of these, 900 were originated (approved and funded), 59 were withdrawn by the applicant, and 1,573 were denied.
What is Educational Employees Credit Union's mortgage approval rate?
Educational Employees Credit Union has an approval (origination) rate of 33.8%, meaning 33.8% of all applications resulted in a funded mortgage. The denial rate is 59.1%.
What is the average loan amount at Educational Employees Credit Union?
The average mortgage loan amount at Educational Employees Credit Union is $147,172. The average interest rate is 7.038%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at Educational Employees Credit Union?
The most common reasons for mortgage denial at Educational Employees Credit Union are: Debt-to-income ratio, Credit history, Credit application incomplete. In total, 1,573 applications were denied out of 2,661 total applications.
What types of mortgage loans does Educational Employees Credit Union offer?
Educational Employees Credit Union processes Conventional loans. The most common type is Conventional with 2,661 applications and an average loan amount of $147,172.
What loan purposes does Educational Employees Credit Union serve?
Educational Employees Credit Union serves the following loan purposes: Home Improvement (1,103 applications), Other (891 applications), Refinancing (366 applications), Home Purchase (292 applications), Cash-out Refinancing (9 applications). Home Improvement is the most common purpose.
Where is Educational Employees Credit Union located?
Educational Employees Credit Union is headquartered in FRESNO, CA. The lender is identified by LEI 2549004OC91L41W9XR37 in HMDA data.
How does Educational Employees Credit Union compare in lending across racial demographics?
Educational Employees Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 40.9% and denial rate of 52.8%; Asian applicants have an approval rate of 20.4% and denial rate of 72.3%; Joint applicants have an approval rate of 41.0% and denial rate of 55.7%. 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.