PlainLender

Educational Systems FCU

GREENBELT, MD

Educational Systems FCU processed 1,471 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 584 loans with a 33.7% denial rate. Home Improvement was the primary loan purpose. Based in GREENBELT, MD. The approval rate of 39.7% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 Systems FCU's 39.7% origination rate tells you how often an application turned into funded money; the 33.7% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Debt-to-income ratio, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,471 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.

1,471
Applications
584
Originated
33.7%
Denial Rate
$145,646
Avg Loan Amount
Avg Interest Rate: 5.552% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,471 584 496 $145,646

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Educational Systems FCU (LEI: 549300F2GDWKJH3GMB47) · 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 Approval rates exclude withdrawn / incomplete applications.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
356
Debt-to-income ratio
342
Credit history
182
Collateral
105
Unverifiable information
27
Credit application incomplete
19
Employment history
6
Insufficient cash
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 536 261 $87,705
Other 489 191 $80,358
Home Purchase 318 63 $331,352
Refinancing 76 43 $153,289
Cash-out Refinancing 52 26 $210,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
Black or African American 511 31.7% 36.8%
White 509 51.5% 26.5%
Asian 82 41.5% 25.6%
Joint * 21 52.4% 23.8%
2 or more minority races * 13 15.4% 61.5%
Native Hawaiian or Other Pacific Islander * 9 0.0% 77.8%
American Indian or Alaska Native * 8 25.0% 37.5%

* 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 1,009 43.1% 29.9%
Hispanic or Latino 139 22.3% 48.2%
Joint * 40 52.5% 25.0%

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

Nearby Lenders in MD

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

Lower, LLC

COLUMBIA, MD

27,730 apps 17,412 originated 9.4% denied

Nfm, INC

LINTHICUM, MD

22,075 apps 17,246 originated 1.9% denied

First Home Mortgage

Baltimore, MD

7,187 apps 5,538 originated 2.8% denied

Tower Federal Credit Union

LAUREL, MD

6,022 apps 3,449 originated 31.0% denied

State Employees Credit Union of Maryland

Linthicum, MD

5,814 apps 2,602 originated 42.7% denied
Compare Educational Systems FCU vs Lower, LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Educational Systems FCU process?
Educational Systems FCU processed 1,471 mortgage applications in the 2024 HMDA reporting year. Of these, 584 were originated (approved and funded), 150 were withdrawn by the applicant, and 496 were denied.
What is Educational Systems FCU's mortgage approval rate?
Educational Systems FCU has an approval (origination) rate of 39.7%, meaning 39.7% of all applications resulted in a funded mortgage. The denial rate is 33.7%.
What is the average loan amount at Educational Systems FCU?
The average mortgage loan amount at Educational Systems FCU is $145,646. The average interest rate is 5.552%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at Educational Systems FCU?
The most common reasons for mortgage denial at Educational Systems FCU are: Other, Debt-to-income ratio, Credit history. In total, 496 applications were denied out of 1,471 total applications.
What types of mortgage loans does Educational Systems FCU offer?
Educational Systems FCU processes Conventional loans. The most common type is Conventional with 1,471 applications and an average loan amount of $145,646.
What loan purposes does Educational Systems FCU serve?
Educational Systems FCU serves the following loan purposes: Home Improvement (536 applications), Other (489 applications), Home Purchase (318 applications), Refinancing (76 applications), Cash-out Refinancing (52 applications). Home Improvement is the most common purpose.
Where is Educational Systems FCU located?
Educational Systems FCU is headquartered in GREENBELT, MD. The lender is identified by LEI 549300F2GDWKJH3GMB47 in HMDA data.
How does Educational Systems FCU compare in lending across racial demographics?
Educational Systems FCU reports demographic lending data under HMDA requirements. Black or African American applicants have an approval rate of 31.7% and denial rate of 36.8%; White applicants have an approval rate of 51.5% and denial rate of 26.5%; Asian applicants have an approval rate of 41.5% and denial rate of 25.6%. 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.