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First Community Credit Union

CHESTERFIELD, MO

First Community Credit Union processed 6,035 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 2,501 loans with a 31.8% denial rate. Home Purchase was the primary loan purpose. Based in CHESTERFIELD, MO. The approval rate of 41.4% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. First Community Credit Union's 41.4% origination rate tells you how often an application turned into funded money; the 31.8% 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, Credit application incomplete, which together explain the majority of rejections. Most activity concentrated in Conventional loans (6,035 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.

6,035
Applications
2,501
Originated
31.8%
Denial Rate
$163,161
Avg Loan Amount
Avg Interest Rate: 7.257% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 6,035 2,501 1,921 $163,161

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for First Community Credit Union (LEI: 549300T67186NPGCHI50) · 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 Approval rates exclude withdrawn / incomplete applications.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
1,221
Credit history
889
Credit application incomplete
93
Unverifiable information
53
Collateral
47
Other
26
Insufficient cash
12
Employment history
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 2,735 598 $247,428
Home Improvement 1,815 1,069 $71,380
Other 1,115 652 $80,874
Cash-out Refinancing 256 127 $234,023
Refinancing 114 55 $248,421

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 4,512 45.0% 28.9%
Black or African American 579 23.3% 57.5%
Asian 246 37.4% 24.4%
Joint 152 42.8% 27.0%
American Indian or Alaska Native * 37 27.0% 43.2%
2 or more minority races * 21 14.3% 57.1%
Native Hawaiian or Other Pacific Islander * 16 25.0% 37.5%

* 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 5,001 43.1% 30.9%
Hispanic or Latino 279 22.6% 47.7%
Joint 201 36.3% 36.3%

Nearby Lenders in MO

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

Mortgage Research Center

Columbia, MO

147,700 apps 73,759 originated 15.9% denied

Nbkc Bank

KANSAS CITY, MO

18,437 apps 7,830 originated 6.9% denied

Flat Branch Mortgage, INC.

COLUMBIA, MO

17,606 apps 13,902 originated 1.5% denied

Das Acquisition Company, LLC

SAINT LOUIS, MO

12,120 apps 7,831 originated 2.1% denied

The Central Trust Bank

JEFFERSON CITY, MO

11,306 apps 7,513 originated 8.9% denied
Compare First Community Credit Union vs Mortgage Research Center →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did First Community Credit Union process?
First Community Credit Union processed 6,035 mortgage applications in the 2024 HMDA reporting year. Of these, 2,501 were originated (approved and funded), 102 were withdrawn by the applicant, and 1,921 were denied.
What is First Community Credit Union's mortgage approval rate?
First Community Credit Union has an approval (origination) rate of 41.4%, meaning 41.4% of all applications resulted in a funded mortgage. The denial rate is 31.8%.
What is the average loan amount at First Community Credit Union?
The average mortgage loan amount at First Community Credit Union is $163,161. The average interest rate is 7.257%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at First Community Credit Union?
The most common reasons for mortgage denial at First Community Credit Union are: Debt-to-income ratio, Credit history, Credit application incomplete. In total, 1,921 applications were denied out of 6,035 total applications.
What types of mortgage loans does First Community Credit Union offer?
First Community Credit Union processes Conventional loans. The most common type is Conventional with 6,035 applications and an average loan amount of $163,161.
What loan purposes does First Community Credit Union serve?
First Community Credit Union serves the following loan purposes: Home Purchase (2,735 applications), Home Improvement (1,815 applications), Other (1,115 applications), Cash-out Refinancing (256 applications), Refinancing (114 applications). Home Purchase is the most common purpose.
Where is First Community Credit Union located?
First Community Credit Union is headquartered in CHESTERFIELD, MO. The lender is identified by LEI 549300T67186NPGCHI50 in HMDA data.
How does First Community Credit Union compare in lending across racial demographics?
First Community Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 45.0% and denial rate of 28.9%; Black or African American applicants have an approval rate of 23.3% and denial rate of 57.5%; Asian applicants have an approval rate of 37.4% and denial rate of 24.4%. 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.