PlainLender

Empeople Credit Union

Moline, IL

Empeople Credit Union processed 3,246 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 2,007 loans with a 18.4% denial rate. Home Purchase was the primary loan purpose. Based in Moline, IL. The approval rate of 61.8% 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. Empeople Credit Union processed 3,246 HMDA-reported mortgage applications in 2024, originating 2,007 loans and denying 596 for a denial rate of 18.4% (applicants themselves withdrew 566 files before a decision). The average loan amount was $179,418 at a 6.721% average note rate, and applicants self-reported an average income of $36,000. The lender reports under LEI 254900378RFGMBEKAF12 from Moline, IL.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Empeople Credit Union's 61.8% origination rate tells you how often an application turned into funded money; the 18.4% 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, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (3,246 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.

3,246
Applications
2,007
Originated
18.4%
Denial Rate
$179,418
Avg Loan Amount
Avg Interest Rate: 6.721% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 3,246 2,007 596 $179,418

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Empeople Credit Union (LEI: 254900378RFGMBEKAF12) · 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

Debt-to-income ratio
245
Credit history
212
Other
70
Credit application incomplete
50
Unverifiable information
40
Collateral
35
Insufficient cash
19
Employment history
4

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 1,190 698 $283,471
Refinancing 704 519 $139,503
Other 624 331 $78,029
Home Improvement 459 325 $77,614
Cash-out Refinancing 269 134 $232,472

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,752 71.9% 7.9%
Asian 70 64.3% 5.7%
Black or African American 65 67.7% 12.3%
Joint 25 60.0% 20.0%
American Indian or Alaska Native 9 66.7% 0.0%
Native Hawaiian or Other Pacific Islander 2 50.0% 50.0%

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 1,637 71.2% 8.0%
Hispanic or Latino 98 67.3% 6.1%
Joint 39 64.1% 12.8%

Nearby Lenders in IL

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

GUARANTEED RATE, INC.

CHICAGO, IL

124,492 apps 62,820 originated 5.1% denied

BMO Harris Bank NA

Chicago, IL

42,165 apps 18,166 originated 29.4% denied

Mutual of Omaha Mortgage

Lombard, IL

34,393 apps 19,951 originated 20.2% denied

GUARANTEED RATE AFFINITY, LLC

CHICAGO, IL

21,826 apps 14,587 originated 6.0% denied

THE FEDERAL SAVINGS BANK

CHICAGO, IL

20,656 apps 8,146 originated 9.3% denied
Compare Empeople Credit Union vs GUARANTEED RATE, INC. →

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

Explore More Data

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 Empeople Credit Union process?
Empeople Credit Union processed 3,246 mortgage applications in the 2023 HMDA reporting year. Of these, 2,007 were originated (approved and funded), 566 were withdrawn by the applicant, and 596 were denied.
What is Empeople Credit Union's mortgage approval rate?
Empeople Credit Union has an approval (origination) rate of 61.8%, meaning 61.8% of all applications resulted in a funded mortgage. The denial rate is 18.4%.
What is the average loan amount at Empeople Credit Union?
The average mortgage loan amount at Empeople Credit Union is $179,418. The average interest rate is 6.721%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at Empeople Credit Union?
The most common reasons for mortgage denial at Empeople Credit Union are: Debt-to-income ratio, Credit history, Other. In total, 596 applications were denied out of 3,246 total applications.
What types of mortgage loans does Empeople Credit Union offer?
Empeople Credit Union processes Conventional loans. The most common type is Conventional with 3,246 applications and an average loan amount of $179,418.
What loan purposes does Empeople Credit Union serve?
Empeople Credit Union serves the following loan purposes: Home Purchase (1,190 applications), Refinancing (704 applications), Other (624 applications), Home Improvement (459 applications), Cash-out Refinancing (269 applications). Home Purchase is the most common purpose.
Where is Empeople Credit Union located?
Empeople Credit Union is headquartered in Moline, IL. The lender is identified by LEI 254900378RFGMBEKAF12 in HMDA data.
How does Empeople Credit Union compare in lending across racial demographics?
Empeople Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 71.9% and denial rate of 7.9%; Asian applicants have an approval rate of 64.3% and denial rate of 5.7%; Black or African American applicants have an approval rate of 67.7% and denial rate of 12.3%. 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.