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First City Credit Union

ALTADENA, CA

First City Credit Union processed 212 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 116 loans with a 25.9% denial rate. Home Improvement was the primary loan purpose. Based in ALTADENA, CA. The approval rate of 54.7% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. First City Credit Union's 54.7% origination rate tells you how often an application turned into funded money; the 25.9% 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 (212 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.

212
Applications
116
Originated
25.9%
Denial Rate
$140,660
Avg Loan Amount
Avg Interest Rate: 8.216% Avg Applicant Income: $40,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 212 116 55 $140,660

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for First City Credit Union (LEI: 549300S1ULK3TJQ8I652) · 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 Approval rates exclude withdrawn / incomplete applications.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
29
Debt-to-income ratio
24
Credit history
7
Credit application incomplete
5
Unverifiable information
2
Collateral
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 83 46 $107,771
Other 81 48 $83,272
Cash-out Refinancing 21 12 $165,476
Home Purchase 19 6 $490,789
Refinancing 8 4 $166,250

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 54 57.4% 22.2%
Black or African American * 41 56.1% 24.4%
Asian * 18 55.6% 22.2%
American Indian or Alaska Native * 3 33.3% 66.7%
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.

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
Hispanic or Latino 93 52.7% 25.8%
Not Hispanic or Latino 58 53.5% 24.1%
Joint * 5 40.0% 40.0%

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

Nearby Lenders in CA

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

Pennymac Loan Services LLC

WESTLAKE VILLAGE, CA

384,816 apps 67,294 originated 4.7% denied

Bank of America NA

Westlake Village, CA

233,637 apps 83,165 originated 34.6% denied

AmeriHome Mortgage Company, LLC

Thousand Oaks, CA

149,937 apps 6,250 originated 0.8% denied

Loandepot.Com, LLC

IRVINE, CA

142,924 apps 79,418 originated 23.3% denied

New American Funding, LLC.

TUSTIN, CA

118,479 apps 48,639 originated 11.1% denied
Compare First City Credit Union vs Pennymac Loan Services LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did First City Credit Union process?
First City Credit Union processed 212 mortgage applications in the 2024 HMDA reporting year. Of these, 116 were originated (approved and funded), 23 were withdrawn by the applicant, and 55 were denied.
What is First City Credit Union's mortgage approval rate?
First City Credit Union has an approval (origination) rate of 54.7%, meaning 54.7% of all applications resulted in a funded mortgage. The denial rate is 25.9%.
What is the average loan amount at First City Credit Union?
The average mortgage loan amount at First City Credit Union is $140,660. The average interest rate is 8.216%. The average applicant income is $40,000.
What are the most common reasons for mortgage denial at First City Credit Union?
The most common reasons for mortgage denial at First City Credit Union are: Other, Debt-to-income ratio, Credit history. In total, 55 applications were denied out of 212 total applications.
What types of mortgage loans does First City Credit Union offer?
First City Credit Union processes Conventional loans. The most common type is Conventional with 212 applications and an average loan amount of $140,660.
What loan purposes does First City Credit Union serve?
First City Credit Union serves the following loan purposes: Home Improvement (83 applications), Other (81 applications), Cash-out Refinancing (21 applications), Home Purchase (19 applications), Refinancing (8 applications). Home Improvement is the most common purpose.
Where is First City Credit Union located?
First City Credit Union is headquartered in ALTADENA, CA. The lender is identified by LEI 549300S1ULK3TJQ8I652 in HMDA data.
How does First City Credit Union compare in lending across racial demographics?
First City Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 57.4% and denial rate of 22.2%; Black or African American applicants have an approval rate of 56.1% and denial rate of 24.4%; Asian applicants have an approval rate of 55.6% and denial rate of 22.2%. 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.