PlainLender

GECU

EL PASO, TX

GECU processed 2,681 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,439 loans with a 22.3% denial rate. Home Improvement was the primary loan purpose. Based in EL PASO, TX. The approval rate of 53.7% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. GECU processed 2,681 HMDA-reported mortgage applications in 2024, originating 1,439 loans and denying 598 for a denial rate of 22.3% (applicants themselves withdrew 500 files before a decision). The average loan amount was $105,086 at a 6.970% average note rate, and applicants self-reported an average income of $40,000. The lender reports under LEI 549300IV3BQZRSE82O16 from EL PASO, TX.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. GECU's 53.7% origination rate tells you how often an application turned into funded money; the 22.3% 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, Employment history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (2,672 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.

2,681
Applications
1,439
Originated
22.3%
Denial Rate
$105,086
Avg Loan Amount
Avg Interest Rate: 6.970% Avg Applicant Income: $40,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 2,672 1,439 598 $104,603
FHA 8 0 0 $242,500
VA 1 0 0 $295,000

Top loan types — GECU

Top loan types — GECU Horizontal bar chart of the top 3 items by value (applications). Top loan types — GECU Top 3 1. Conventional 2,672 2. FHA 8 3. VA 1 Top 5 loan types by application volume at GECU (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for GECU (LEI: 549300IV3BQZRSE82O16) · 2023 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
342
Credit history
329
Employment history
50
Collateral
35
Other
20
Unverifiable information
14
Insufficient cash
2
Credit application incomplete
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 1,117 606 $69,181
Cash-out Refinancing 644 357 $115,171
Home Purchase 462 284 $198,615
Other 369 169 $65,190
Refinancing 89 23 $162,640

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 2,399 54.3% 22.7%
Black or African American 38 47.4% 28.9%
Joint 23 47.8% 21.7%
American Indian or Alaska Native 12 58.3% 16.7%
Asian 9 77.8% 11.1%
Native Hawaiian or Other Pacific Islander 2 50.0% 50.0%

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 2,264 54.0% 22.8%
Not Hispanic or Latino 170 54.1% 23.5%
Joint 66 62.1% 15.2%

Nearby Lenders in TX

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

Nationstar Mortgage

Coppell, TX

110,111 apps 41,693 originated 9.2% denied

DHI Mortgage Company, LTD.

Austin, TX

96,056 apps 70,673 originated 10.3% denied

PRIMELENDING

DALLAS, TX

36,578 apps 25,147 originated 5.3% denied

Credit Human Federal Credit Un

San Antonio, TX

28,052 apps 2,953 originated 75.7% denied

USAA BANK

SAN ANTONIO, TX

28,020 apps 13,205 originated 23.5% denied
Compare GECU vs Nationstar Mortgage →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

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Frequently Asked Questions

How many mortgage applications did GECU process?
GECU processed 2,681 mortgage applications in the 2023 HMDA reporting year. Of these, 1,439 were originated (approved and funded), 500 were withdrawn by the applicant, and 598 were denied.
What is GECU's mortgage approval rate?
GECU has an approval (origination) rate of 53.7%, meaning 53.7% of all applications resulted in a funded mortgage. The denial rate is 22.3%.
What is the average loan amount at GECU?
The average mortgage loan amount at GECU is $105,086. The average interest rate is 6.970%. The average applicant income is $40,000.
What are the most common reasons for mortgage denial at GECU?
The most common reasons for mortgage denial at GECU are: Debt-to-income ratio, Credit history, Employment history. In total, 598 applications were denied out of 2,681 total applications.
What types of mortgage loans does GECU offer?
GECU processes Conventional, FHA, VA loans. The most common type is Conventional with 2,672 applications and an average loan amount of $104,603.
What loan purposes does GECU serve?
GECU serves the following loan purposes: Home Improvement (1,117 applications), Cash-out Refinancing (644 applications), Home Purchase (462 applications), Other (369 applications), Refinancing (89 applications). Home Improvement is the most common purpose.
Where is GECU located?
GECU is headquartered in EL PASO, TX. The lender is identified by LEI 549300IV3BQZRSE82O16 in HMDA data.
How does GECU compare in lending across racial demographics?
GECU reports demographic lending data under HMDA requirements. White applicants have an approval rate of 54.3% and denial rate of 22.7%; Black or African American applicants have an approval rate of 47.4% and denial rate of 28.9%; Joint applicants have an approval rate of 47.8% and denial rate of 21.7%. 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.