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GPO Federal Credit Union

New Hartford, NY

GPO Federal Credit Union processed 401 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 275 loans with a 25.9% denial rate. Home Improvement was the primary loan purpose. Based in New Hartford, NY. The approval rate of 68.6% 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. GPO Federal Credit Union processed 401 HMDA-reported mortgage applications in 2024, originating 275 loans and denying 104 for a denial rate of 25.9% (applicants themselves withdrew 17 files before a decision). The average loan amount was $101,958 at a 5.698% average note rate, and applicants self-reported an average income of $34,000. The lender reports under LEI 5493008UZWYHK74O4341 from New Hartford, NY.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. GPO Federal Credit Union's 68.6% 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 Debt-to-income ratio, Collateral, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (401 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.

401
Applications
275
Originated
25.9%
Denial Rate
$101,958
Avg Loan Amount
Avg Interest Rate: 5.698% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 401 275 104 $101,958

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for GPO Federal Credit Union (LEI: 5493008UZWYHK74O4341) · 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
58
Collateral
37
Credit history
30
Other
4
Credit application incomplete
3
Unverifiable information
3
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 182 135 $78,297
Home Purchase 93 65 $175,215
Other 88 53 $71,591
Refinancing 36 22 $108,889

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 351 71.5% 24.2%
Asian 27 51.9% 37.0%
Black or African American 10 30.0% 50.0%
Joint 1 100.0% 0.0%

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
Not Hispanic or Latino 342 69.9% 24.9%
Hispanic or Latino 9 44.4% 33.3%
Joint 3 66.7% 0.0%

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 GPO Federal Credit Union vs Citibank, NA →

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

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did GPO Federal Credit Union process?
GPO Federal Credit Union processed 401 mortgage applications in the 2023 HMDA reporting year. Of these, 275 were originated (approved and funded), 17 were withdrawn by the applicant, and 104 were denied.
What is GPO Federal Credit Union's mortgage approval rate?
GPO Federal Credit Union has an approval (origination) rate of 68.6%, meaning 68.6% of all applications resulted in a funded mortgage. The denial rate is 25.9%.
What is the average loan amount at GPO Federal Credit Union?
The average mortgage loan amount at GPO Federal Credit Union is $101,958. The average interest rate is 5.698%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at GPO Federal Credit Union?
The most common reasons for mortgage denial at GPO Federal Credit Union are: Debt-to-income ratio, Collateral, Credit history. In total, 104 applications were denied out of 401 total applications.
What types of mortgage loans does GPO Federal Credit Union offer?
GPO Federal Credit Union processes Conventional loans. The most common type is Conventional with 401 applications and an average loan amount of $101,958.
What loan purposes does GPO Federal Credit Union serve?
GPO Federal Credit Union serves the following loan purposes: Home Improvement (182 applications), Home Purchase (93 applications), Other (88 applications), Refinancing (36 applications). Home Improvement is the most common purpose.
Where is GPO Federal Credit Union located?
GPO Federal Credit Union is headquartered in New Hartford, NY. The lender is identified by LEI 5493008UZWYHK74O4341 in HMDA data.
How does GPO Federal Credit Union compare in lending across racial demographics?
GPO Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 71.5% and denial rate of 24.2%; Asian applicants have an approval rate of 51.9% and denial rate of 37.0%; Black or African American applicants have an approval rate of 30.0% and denial rate of 50.0%. 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.