PlainLender

Indiana University CU

Bloomington, IN

Indiana University CU processed 1,254 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 917 loans with a 14.6% denial rate. Cash-out Refinancing was the primary loan purpose. Based in Bloomington, IN. The approval rate of 73.1% 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. Indiana University CU processed 1,254 HMDA-reported mortgage applications in 2024, originating 917 loans and denying 183 for a denial rate of 14.6% (applicants themselves withdrew 139 files before a decision). The average loan amount was $223,150 at a 7.331% average note rate, and applicants self-reported an average income of $33,000. The lender reports under LEI 549300F175WFRUKLMG10 from Bloomington, IN.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Indiana University CU's 73.1% origination rate tells you how often an application turned into funded money; the 14.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Debt-to-income ratio, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,254 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.

1,254
Applications
917
Originated
14.6%
Denial Rate
$223,150
Avg Loan Amount
Avg Interest Rate: 7.331% Avg Applicant Income: $33,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,254 917 183 $223,150

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Indiana University CU (LEI: 549300F175WFRUKLMG10) · 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

Other
127
Debt-to-income ratio
46
Credit history
9
Collateral
2
Credit application incomplete
2
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 516 393 $128,004
Home Purchase 378 292 $319,286
Refinancing 239 127 $344,038
Home Improvement 119 105 $86,176
Other 2 0 $305,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 893 69.1% 16.4%
Asian 43 72.1% 13.9%
Joint 24 54.2% 29.2%
Black or African American 23 60.9% 34.8%
2 or more minority races 2 50.0% 0.0%
American Indian or Alaska Native 2 0.0% 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
Not Hispanic or Latino 917 68.4% 17.0%
Hispanic or Latino 35 74.3% 17.1%
Joint 32 62.5% 18.8%

Nearby Lenders in IN

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

Ruoff Mortgage Company

Fort Wayne, IN

15,781 apps 10,647 originated 6.8% denied

Old National Bank

Evansville, IN

14,346 apps 9,035 originated 24.1% denied

Royal United Mortgage LLC

Indianapolis, IN

10,163 apps 5,993 originated 26.6% denied

FIRST MERCHANTS BANK

MUNCIE, IN

8,454 apps 5,503 originated 16.4% denied

GVC MORTGAGE, INC.

SUITE 200, IN

5,130 apps 4,188 originated 2.0% denied
Compare Indiana University CU vs Ruoff Mortgage Company →

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 Indiana University CU process?
Indiana University CU processed 1,254 mortgage applications in the 2023 HMDA reporting year. Of these, 917 were originated (approved and funded), 139 were withdrawn by the applicant, and 183 were denied.
What is Indiana University CU's mortgage approval rate?
Indiana University CU has an approval (origination) rate of 73.1%, meaning 73.1% of all applications resulted in a funded mortgage. The denial rate is 14.6%.
What is the average loan amount at Indiana University CU?
The average mortgage loan amount at Indiana University CU is $223,150. The average interest rate is 7.331%. The average applicant income is $33,000.
What are the most common reasons for mortgage denial at Indiana University CU?
The most common reasons for mortgage denial at Indiana University CU are: Other, Debt-to-income ratio, Credit history. In total, 183 applications were denied out of 1,254 total applications.
What types of mortgage loans does Indiana University CU offer?
Indiana University CU processes Conventional loans. The most common type is Conventional with 1,254 applications and an average loan amount of $223,150.
What loan purposes does Indiana University CU serve?
Indiana University CU serves the following loan purposes: Cash-out Refinancing (516 applications), Home Purchase (378 applications), Refinancing (239 applications), Home Improvement (119 applications), Other (2 applications). Cash-out Refinancing is the most common purpose.
Where is Indiana University CU located?
Indiana University CU is headquartered in Bloomington, IN. The lender is identified by LEI 549300F175WFRUKLMG10 in HMDA data.
How does Indiana University CU compare in lending across racial demographics?
Indiana University CU reports demographic lending data under HMDA requirements. White applicants have an approval rate of 69.1% and denial rate of 16.4%; Asian applicants have an approval rate of 72.1% and denial rate of 13.9%; Joint applicants have an approval rate of 54.2% and denial rate of 29.2%. 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.