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Financial Center First Credit Union

INDIANAPOLIS, IN

Financial Center First Credit Union processed 503 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 319 loans with a 36.2% denial rate. Refinancing was the primary loan purpose. Based in INDIANAPOLIS, IN. The approval rate of 63.4% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Financial Center First Credit Union's 63.4% origination rate tells you how often an application turned into funded money; the 36.2% 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 (503 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.

503
Applications
319
Originated
36.2%
Denial Rate
$86,849
Avg Loan Amount
Avg Interest Rate: 7.020% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 503 319 182 $86,849

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Financial Center First Credit Union (LEI: 549300GYDLDVRYKJ3N02) · 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 Approval rates exclude withdrawn / incomplete applications.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
121
Debt-to-income ratio
88
Credit history
46
Collateral
8
Unverifiable information
7
Employment history
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Refinancing 171 117 $100,906
Other 152 75 $52,237
Home Improvement 125 93 $49,560
Home Purchase 55 34 $223,545

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 370 68.7% 31.1%
Black or African American 75 49.3% 50.7%
Asian * 10 40.0% 60.0%
Joint * 7 71.4% 28.6%
American Indian or Alaska Native * 2 50.0% 50.0%
Native Hawaiian or Other Pacific Islander * 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 424 64.9% 34.9%
Hispanic or Latino * 34 50.0% 50.0%
Joint * 7 100.0% 0.0%

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

Nearby Lenders in IN

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

Ruoff Mortgage Company

Fort Wayne, IN

15,781 apps 10,647 originated 6.8% denied

Old National Bank

Evansville, IN

14,346 apps 9,035 originated 24.1% denied

Royal United Mortgage LLC

Indianapolis, IN

10,163 apps 5,993 originated 26.6% denied

First Merchants Bank

MUNCIE, IN

8,454 apps 5,503 originated 16.4% denied

Gvc Mortgage, INC.

SUITE 200, IN

5,130 apps 4,188 originated 2.0% denied
Compare Financial Center First Credit Union vs Ruoff Mortgage Company →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Financial Center First Credit Union process?
Financial Center First Credit Union processed 503 mortgage applications in the 2024 HMDA reporting year. Of these, 319 were originated (approved and funded), 1 were withdrawn by the applicant, and 182 were denied.
What is Financial Center First Credit Union's mortgage approval rate?
Financial Center First Credit Union has an approval (origination) rate of 63.4%, meaning 63.4% of all applications resulted in a funded mortgage. The denial rate is 36.2%.
What is the average loan amount at Financial Center First Credit Union?
The average mortgage loan amount at Financial Center First Credit Union is $86,849. The average interest rate is 7.020%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at Financial Center First Credit Union?
The most common reasons for mortgage denial at Financial Center First Credit Union are: Other, Debt-to-income ratio, Credit history. In total, 182 applications were denied out of 503 total applications.
What types of mortgage loans does Financial Center First Credit Union offer?
Financial Center First Credit Union processes Conventional loans. The most common type is Conventional with 503 applications and an average loan amount of $86,849.
What loan purposes does Financial Center First Credit Union serve?
Financial Center First Credit Union serves the following loan purposes: Refinancing (171 applications), Other (152 applications), Home Improvement (125 applications), Home Purchase (55 applications). Refinancing is the most common purpose.
Where is Financial Center First Credit Union located?
Financial Center First Credit Union is headquartered in INDIANAPOLIS, IN. The lender is identified by LEI 549300GYDLDVRYKJ3N02 in HMDA data.
How does Financial Center First Credit Union compare in lending across racial demographics?
Financial Center First Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 68.7% and denial rate of 31.1%; Black or African American applicants have an approval rate of 49.3% and denial rate of 50.7%; Asian applicants have an approval rate of 40.0% and denial rate of 60.0%. 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.