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Hughes Federal Credit Union

TUCSON, AZ

Hughes Federal Credit Union processed 840 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 355 loans with a 29.1% denial rate. Other was the primary loan purpose. Based in TUCSON, AZ. The approval rate of 42.3% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Hughes Federal Credit Union's 42.3% origination rate tells you how often an application turned into funded money; the 29.1% 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, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (840 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.

840
Applications
355
Originated
29.1%
Denial Rate
$77,500
Avg Loan Amount
Avg Interest Rate: 9.707% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 840 355 244 $77,500

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Hughes Federal Credit Union (LEI: 549300HPQK71BCBQVT93) · 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 Approval rates exclude withdrawn / incomplete applications.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
111
Debt-to-income ratio
94
Other
59
Collateral
54
Unverifiable information
4
Credit application incomplete
3
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 514 206 $77,704
Home Improvement 326 149 $77,178

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 568 45.1% 25.9%
Black or African American * 31 38.7% 45.2%
American Indian or Alaska Native * 16 37.5% 43.8%
Asian * 14 21.4% 50.0%
Joint * 13 53.9% 15.4%
2 or more minority races * 5 20.0% 60.0%
Native Hawaiian or Other Pacific Islander * 2 50.0% 50.0%

* 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 420 45.5% 25.2%
Hispanic or Latino 220 37.3% 32.7%
Joint * 29 48.3% 31.0%

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

Nearby Lenders in AZ

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

The Loan Store, Inc

Tucson, AZ

37,522 apps 23,548 originated 12.7% denied

Desert Financial Credit Union

Phoenix, AZ

14,881 apps 8,747 originated 30.3% denied

V.I.P. Mortgage, INC.

SCOTTSDALE, AZ

10,272 apps 6,989 originated 2.0% denied

Geneva Financial LLC

Chandler, AZ

9,015 apps 5,938 originated 2.7% denied

Nova Financial & Investment Corporation

Tucson, AZ

6,917 apps 4,748 originated 5.3% denied
Compare Hughes Federal Credit Union vs The Loan Store, Inc →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Hughes Federal Credit Union process?
Hughes Federal Credit Union processed 840 mortgage applications in the 2024 HMDA reporting year. Of these, 355 were originated (approved and funded), 77 were withdrawn by the applicant, and 244 were denied.
What is Hughes Federal Credit Union's mortgage approval rate?
Hughes Federal Credit Union has an approval (origination) rate of 42.3%, meaning 42.3% of all applications resulted in a funded mortgage. The denial rate is 29.1%.
What is the average loan amount at Hughes Federal Credit Union?
The average mortgage loan amount at Hughes Federal Credit Union is $77,500. The average interest rate is 9.707%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at Hughes Federal Credit Union?
The most common reasons for mortgage denial at Hughes Federal Credit Union are: Credit history, Debt-to-income ratio, Other. In total, 244 applications were denied out of 840 total applications.
What types of mortgage loans does Hughes Federal Credit Union offer?
Hughes Federal Credit Union processes Conventional loans. The most common type is Conventional with 840 applications and an average loan amount of $77,500.
What loan purposes does Hughes Federal Credit Union serve?
Hughes Federal Credit Union serves the following loan purposes: Other (514 applications), Home Improvement (326 applications). Other is the most common purpose.
Where is Hughes Federal Credit Union located?
Hughes Federal Credit Union is headquartered in TUCSON, AZ. The lender is identified by LEI 549300HPQK71BCBQVT93 in HMDA data.
How does Hughes Federal Credit Union compare in lending across racial demographics?
Hughes Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 45.1% and denial rate of 25.9%; Black or African American applicants have an approval rate of 38.7% and denial rate of 45.2%; American Indian or Alaska Native applicants have an approval rate of 37.5% and denial rate of 43.8%. 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.