PlainLender

Fedex Employees Credit Association, FCU

MEMPHIS, TN

Fedex Employees Credit Association, FCU processed 366 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 190 loans with a 15.0% denial rate. Home Purchase was the primary loan purpose. Based in MEMPHIS, TN. The approval rate of 51.9% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Fedex Employees Credit Association, FCU's 51.9% origination rate tells you how often an application turned into funded money; the 15.0% 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, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (359 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.

366
Applications
190
Originated
15.0%
Denial Rate
$170,492
Avg Loan Amount
Avg Interest Rate: 7.225% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 359 189 54 $167,312
VA 6 1 0 $373,333
FHA 1 0 1 $95,000

Top loan types - Fedex Employees Credit Association, FCU

Top loan types - Fedex Employees Credit Association, FCU Horizontal bar chart of the top 3 items by value (applications). Top loan types - Fedex Employees Credit Association, FCU Top 3 1. Conventional 359 2. VA 6 3. FHA 1 Top 5 loan types by application volume at Fedex Employees Credit Association, FCU (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Fedex Employees Credit Association, FCU (LEI: 549300OGIGNKGO2DX942) · 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
24
Credit history
21
Collateral
8
Credit application incomplete
1
Other
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 134 58 $252,761
Home Improvement 82 67 $67,317
Cash-out Refinancing 69 24 $202,826
Other 67 38 $69,627
Refinancing 14 3 $310,714

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 136 55.1% 14.0%
Black or African American 75 38.7% 17.3%
Asian * 11 18.2% 9.1%
American Indian or Alaska Native * 2 100.0% 0.0%
Joint * 2 100.0% 0.0%
2 or more minority races * 1 0.0% 0.0%
Native Hawaiian or Other Pacific Islander * 1 100.0% 0.0%

* 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 231 59.7% 8.2%
Hispanic or Latino * 19 47.4% 21.1%
Joint * 8 50.0% 0.0%

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

Nearby Lenders in TN

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

21st Mortgage

KNOXVILLE, TN

173,573 apps 30,274 originated 44.1% denied

Vanderbilt Mortgage and Finance, INC

MARYVILLE, TN

124,520 apps 20,306 originated 42.7% denied

FIRSTBANK

LEXINGTON, TN

21,086 apps 6,413 originated 43.2% denied

First Community Mortgage

MURFREESBORO, TN

13,521 apps 10,523 originated 6.2% denied

First Horizon Bank

MEMPHIS, TN

13,326 apps 7,808 originated 21.7% denied
Compare Fedex Employees Credit Association, FCU vs 21st Mortgage →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Fedex Employees Credit Association, FCU process?
Fedex Employees Credit Association, FCU processed 366 mortgage applications in the 2024 HMDA reporting year. Of these, 190 were originated (approved and funded), 72 were withdrawn by the applicant, and 55 were denied.
What is Fedex Employees Credit Association, FCU's mortgage approval rate?
Fedex Employees Credit Association, FCU has an approval (origination) rate of 51.9%, meaning 51.9% of all applications resulted in a funded mortgage. The denial rate is 15.0%.
What is the average loan amount at Fedex Employees Credit Association, FCU?
The average mortgage loan amount at Fedex Employees Credit Association, FCU is $170,492. The average interest rate is 7.225%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at Fedex Employees Credit Association, FCU?
The most common reasons for mortgage denial at Fedex Employees Credit Association, FCU are: Debt-to-income ratio, Credit history, Collateral. In total, 55 applications were denied out of 366 total applications.
What types of mortgage loans does Fedex Employees Credit Association, FCU offer?
Fedex Employees Credit Association, FCU processes Conventional, VA, FHA loans. The most common type is Conventional with 359 applications and an average loan amount of $167,312.
What loan purposes does Fedex Employees Credit Association, FCU serve?
Fedex Employees Credit Association, FCU serves the following loan purposes: Home Purchase (134 applications), Home Improvement (82 applications), Cash-out Refinancing (69 applications), Other (67 applications), Refinancing (14 applications). Home Purchase is the most common purpose.
Where is Fedex Employees Credit Association, FCU located?
Fedex Employees Credit Association, FCU is headquartered in MEMPHIS, TN. The lender is identified by LEI 549300OGIGNKGO2DX942 in HMDA data.
How does Fedex Employees Credit Association, FCU compare in lending across racial demographics?
Fedex Employees Credit Association, FCU reports demographic lending data under HMDA requirements. White applicants have an approval rate of 55.1% and denial rate of 14.0%; Black or African American applicants have an approval rate of 38.7% and denial rate of 17.3%; Asian applicants have an approval rate of 18.2% and denial rate of 9.1%. 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.