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Highmark Federal Credit Union

Rapid City, SD

Highmark Federal Credit Union processed 76 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 76 loans with a 0.0% denial rate. Home Purchase was the primary loan purpose. Based in Rapid City, SD. The approval rate of 100.0% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Highmark Federal Credit Union's 100.0% origination rate tells you how often an application turned into funded money; the 0.0% denial rate is a separate read on underwriting strictness. Most activity concentrated in Conventional loans (71 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.

76
Applications
76
Originated
0.0%
Denial Rate
$290,921
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 71 71 0 $292,183
FHA 4 4 0 $285,000
VA 1 1 0 $225,000

Top loan types - Highmark Federal Credit Union

Top loan types - Highmark Federal Credit Union Horizontal bar chart of the top 3 items by value (applications). Top loan types - Highmark Federal Credit Union Top 3 1. Conventional 71 2. FHA 4 3. VA 1 Top 5 loan types by application volume at Highmark Federal Credit Union (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Highmark Federal Credit Union (LEI: 5493009JZ6NIQL6RQT28) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 31 31 $281,452
Cash-out Refinancing 23 23 $147,174
Refinancing 22 22 $454,545

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 66 100.0% 0.0%
American Indian or Alaska Native * 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 68 100.0% 0.0%

Nearby Lenders in SD

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

Plains Commerce Bank

Hoven, SD

23,164 apps 13,605 originated 3.1% denied

First Bank & Trust

Sioux Falls, SD

1,951 apps 1,358 originated 12.6% denied

Black Hills Federal Credit Union

RAPID CITY, SD

1,766 apps 1,019 originated 22.9% denied

Bankwest, INC.

PIERRE, SD

1,663 apps 636 originated 38.6% denied

First Premier Bank

SIOUX FALLS, SD

1,495 apps 909 originated 19.6% denied
Compare Highmark Federal Credit Union vs Plains Commerce Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Highmark Federal Credit Union process?
Highmark Federal Credit Union processed 76 mortgage applications in the 2024 HMDA reporting year. Of these, 76 were originated (approved and funded), and 0 were denied.
What is Highmark Federal Credit Union's mortgage approval rate?
Highmark Federal Credit Union has an approval (origination) rate of 100.0%, meaning 100.0% of all applications resulted in a funded mortgage. The denial rate is 0.0%.
What is the average loan amount at Highmark Federal Credit Union?
The average mortgage loan amount at Highmark Federal Credit Union is $290,921.
What types of mortgage loans does Highmark Federal Credit Union offer?
Highmark Federal Credit Union processes Conventional, FHA, VA loans. The most common type is Conventional with 71 applications and an average loan amount of $292,183.
What loan purposes does Highmark Federal Credit Union serve?
Highmark Federal Credit Union serves the following loan purposes: Home Purchase (31 applications), Cash-out Refinancing (23 applications), Refinancing (22 applications). Home Purchase is the most common purpose.
Where is Highmark Federal Credit Union located?
Highmark Federal Credit Union is headquartered in Rapid City, SD. The lender is identified by LEI 5493009JZ6NIQL6RQT28 in HMDA data.
How does Highmark Federal Credit Union compare in lending across racial demographics?
Highmark Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 100.0% and denial rate of 0.0%; American Indian or Alaska Native 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.