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Genesee Valley Federal Credit Uniion

GENESEO, NY

Genesee Valley Federal Credit Uniion processed 112 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 82 loans with a 23.2% denial rate. Home Improvement was the primary loan purpose. Based in GENESEO, NY. The approval rate of 73.2% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Genesee Valley Federal Credit Uniion's 73.2% origination rate tells you how often an application turned into funded money; the 23.2% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (112 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.

112
Applications
82
Originated
23.2%
Denial Rate
$68,036
Avg Loan Amount
Avg Interest Rate: 8.091% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 112 82 26 $68,036

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Genesee Valley Federal Credit Uniion (LEI: 549300T1F1BRPWSZT586) · 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 Approval rates exclude withdrawn / incomplete applications.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

Credit history
7
Debt-to-income ratio
7
Collateral
5
Unverifiable information
2
Employment history
1
Other
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 56 43 $63,214
Other 43 29 $62,907
Refinancing 7 7 $69,286
Home Purchase 4 1 $157,500
Cash-out Refinancing 2 2 $130,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 111 73.0% 23.4%
Joint * 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 108 74.1% 22.2%
Hispanic or Latino * 2 0.0% 100.0%
Joint * 2 100.0% 0.0%

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

Nearby Lenders in NY

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

Citibank, NA

New York, NY

54,575 apps 14,104 originated 8.6% denied

M&T Bank

BUFFALO, NY

36,377 apps 20,743 originated 30.9% denied

Loan Funder LLC

New York, NY

23,955 apps 10,690 originated 11.6% denied

Bethpage Federal Credit Union

BETHPAGE, NY

21,186 apps 9,086 originated 44.3% denied

Better Mortgage Corporation

New York, NY

18,219 apps 5,450 originated 11.3% denied
Compare Genesee Valley Federal Credit Uniion vs Citibank, NA →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Genesee Valley Federal Credit Uniion process?
Genesee Valley Federal Credit Uniion processed 112 mortgage applications in the 2024 HMDA reporting year. Of these, 82 were originated (approved and funded), 4 were withdrawn by the applicant, and 26 were denied.
What is Genesee Valley Federal Credit Uniion's mortgage approval rate?
Genesee Valley Federal Credit Uniion has an approval (origination) rate of 73.2%, meaning 73.2% of all applications resulted in a funded mortgage. The denial rate is 23.2%.
What is the average loan amount at Genesee Valley Federal Credit Uniion?
The average mortgage loan amount at Genesee Valley Federal Credit Uniion is $68,036. The average interest rate is 8.091%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at Genesee Valley Federal Credit Uniion?
The most common reasons for mortgage denial at Genesee Valley Federal Credit Uniion are: Credit history, Debt-to-income ratio, Collateral. In total, 26 applications were denied out of 112 total applications.
What types of mortgage loans does Genesee Valley Federal Credit Uniion offer?
Genesee Valley Federal Credit Uniion processes Conventional loans. The most common type is Conventional with 112 applications and an average loan amount of $68,036.
What loan purposes does Genesee Valley Federal Credit Uniion serve?
Genesee Valley Federal Credit Uniion serves the following loan purposes: Home Improvement (56 applications), Other (43 applications), Refinancing (7 applications), Home Purchase (4 applications), Cash-out Refinancing (2 applications). Home Improvement is the most common purpose.
Where is Genesee Valley Federal Credit Uniion located?
Genesee Valley Federal Credit Uniion is headquartered in GENESEO, NY. The lender is identified by LEI 549300T1F1BRPWSZT586 in HMDA data.
How does Genesee Valley Federal Credit Uniion compare in lending across racial demographics?
Genesee Valley Federal Credit Uniion reports demographic lending data under HMDA requirements. White applicants have an approval rate of 73.0% and denial rate of 23.4%; Joint applicants have an approval rate of 100.0% and denial rate of 0.0%. 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.