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Empower Credit Union

WEST ALLIS, WI

Empower Credit Union processed 49 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 25 loans with a 10.2% denial rate. Home Improvement was the primary loan purpose. Based in WEST ALLIS, WI. The approval rate of 51.0% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Empower Credit Union's 51.0% origination rate tells you how often an application turned into funded money; the 10.2% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (49 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.

49
Applications
25
Originated
10.2%
Denial Rate
$117,245
Avg Loan Amount
Avg Interest Rate: 6.871% Avg Applicant Income: $28,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 49 25 5 $117,245

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Empower Credit Union (LEI: 549300L7JNOXBW10PN68) · 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 Approval rates exclude withdrawn / incomplete applications.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
3
Credit history
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 23 9 $39,348
Home Purchase 11 10 $236,818
Refinancing 7 4 $222,143
Other 7 1 $79,286
Cash-out Refinancing 1 1 $125,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White * 28 71.4% 7.1%
Black or African American * 4 50.0% 0.0%
Joint * 3 66.7% 33.3%
2 or more minority races * 1 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
Not Hispanic or Latino * 27 74.1% 3.7%
Hispanic or Latino * 2 50.0% 50.0%
Joint * 2 50.0% 50.0%

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

Nearby Lenders in WI

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

Fairway Independent Mort CORP

MADISON, WI

102,501 apps 74,401 originated 4.7% denied

Summit Credit Union

Cottage Grove, WI

15,990 apps 9,929 originated 10.9% denied

Uw Credit Union

MADISON, WI

11,177 apps 8,477 originated 12.3% denied

Associated Bank NA

Green Bay, WI

10,999 apps 6,532 originated 24.4% denied

Waterstone Mortgage Corporation

BROOKFIELD, WI

10,792 apps 7,819 originated 4.5% denied
Compare Empower Credit Union vs Fairway Independent Mort CORP →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Empower Credit Union process?
Empower Credit Union processed 49 mortgage applications in the 2024 HMDA reporting year. Of these, 25 were originated (approved and funded), 7 were withdrawn by the applicant, and 5 were denied.
What is Empower Credit Union's mortgage approval rate?
Empower Credit Union has an approval (origination) rate of 51.0%, meaning 51.0% of all applications resulted in a funded mortgage. The denial rate is 10.2%.
What is the average loan amount at Empower Credit Union?
The average mortgage loan amount at Empower Credit Union is $117,245. The average interest rate is 6.871%. The average applicant income is $28,000.
What are the most common reasons for mortgage denial at Empower Credit Union?
The most common reasons for mortgage denial at Empower Credit Union are: Other, Credit history. In total, 5 applications were denied out of 49 total applications.
What types of mortgage loans does Empower Credit Union offer?
Empower Credit Union processes Conventional loans. The most common type is Conventional with 49 applications and an average loan amount of $117,245.
What loan purposes does Empower Credit Union serve?
Empower Credit Union serves the following loan purposes: Home Improvement (23 applications), Home Purchase (11 applications), Refinancing (7 applications), Other (7 applications), Cash-out Refinancing (1 applications). Home Improvement is the most common purpose.
Where is Empower Credit Union located?
Empower Credit Union is headquartered in WEST ALLIS, WI. The lender is identified by LEI 549300L7JNOXBW10PN68 in HMDA data.
How does Empower Credit Union compare in lending across racial demographics?
Empower Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 71.4% and denial rate of 7.1%; Black or African American applicants have an approval rate of 50.0% and denial rate of 0.0%; Joint applicants have an approval rate of 66.7% and denial rate of 33.3%. 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.

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.