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Intrepid Credit Union

Helena, MT

Intrepid Credit Union processed 172 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 69 loans with a 17.4% denial rate. Cash-out Refinancing was the primary loan purpose. Based in Helena, MT. The approval rate of 40.1% 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. Intrepid Credit Union processed 172 HMDA-reported mortgage applications in 2024, originating 69 loans and denying 30 for a denial rate of 17.4% (applicants themselves withdrew 51 files before a decision). The average loan amount was $187,442 at a 7.710% average note rate, and applicants self-reported an average income of $36,000. The lender reports under LEI 549300194HWC07WB7985 from Helena, MT.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Intrepid Credit Union's 40.1% origination rate tells you how often an application turned into funded money; the 17.4% 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 (141 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.

172
Applications
69
Originated
17.4%
Denial Rate
$187,442
Avg Loan Amount
Avg Interest Rate: 7.710% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 141 58 23 $161,241
FHA 18 4 4 $301,111
VA 11 6 3 $310,455
USDA 2 1 0 $335,000

Top loan types — Intrepid Credit Union

Top loan types — Intrepid Credit Union Horizontal bar chart of the top 4 items by value (applications). Top loan types — Intrepid Credit Union Top 4 1. Conventional 141 2. FHA 18 3. VA 11 4. USDA 2 Top 5 loan types by application volume at Intrepid Credit Union (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Intrepid Credit Union (LEI: 549300194HWC07WB7985) · 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

Credit history
23
Debt-to-income ratio
14
Collateral
3
Employment history
3
Other
2
Insufficient cash
2
Credit application incomplete
1
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 73 47 $102,945
Home Purchase 65 11 $291,923
Refinancing 32 9 $170,000
Other 2 2 $155,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 137 43.1% 15.3%
Joint 7 42.9% 14.3%
American Indian or Alaska Native 5 20.0% 20.0%
Asian 4 75.0% 0.0%
2 or more minority races 1 0.0% 100.0%

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 121 47.1% 14.1%
Joint 10 40.0% 30.0%
Hispanic or Latino 9 33.3% 11.1%

Nearby Lenders in MT

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

Glacier Bank

Kalispell, MT

7,296 apps 4,434 originated 16.5% denied

First Interstate Bank

Billings, MT

4,267 apps 2,414 originated 27.5% denied

Stockman Bank of Montana

Miles City, MT

2,613 apps 2,011 originated 5.7% denied

OPPORTUNITY BANK OF MONTANA

HELENA, MT

1,537 apps 1,062 originated 8.7% denied

Altana Federal Credit Union

Billings, MT

547 apps 423 originated 15.2% denied
Compare Intrepid Credit Union vs Glacier Bank →

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 Intrepid Credit Union process?
Intrepid Credit Union processed 172 mortgage applications in the 2023 HMDA reporting year. Of these, 69 were originated (approved and funded), 51 were withdrawn by the applicant, and 30 were denied.
What is Intrepid Credit Union's mortgage approval rate?
Intrepid Credit Union has an approval (origination) rate of 40.1%, meaning 40.1% of all applications resulted in a funded mortgage. The denial rate is 17.4%.
What is the average loan amount at Intrepid Credit Union?
The average mortgage loan amount at Intrepid Credit Union is $187,442. The average interest rate is 7.710%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at Intrepid Credit Union?
The most common reasons for mortgage denial at Intrepid Credit Union are: Credit history, Debt-to-income ratio, Collateral. In total, 30 applications were denied out of 172 total applications.
What types of mortgage loans does Intrepid Credit Union offer?
Intrepid Credit Union processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 141 applications and an average loan amount of $161,241.
What loan purposes does Intrepid Credit Union serve?
Intrepid Credit Union serves the following loan purposes: Cash-out Refinancing (73 applications), Home Purchase (65 applications), Refinancing (32 applications), Other (2 applications). Cash-out Refinancing is the most common purpose.
Where is Intrepid Credit Union located?
Intrepid Credit Union is headquartered in Helena, MT. The lender is identified by LEI 549300194HWC07WB7985 in HMDA data.
How does Intrepid Credit Union compare in lending across racial demographics?
Intrepid Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 43.1% and denial rate of 15.3%; Joint applicants have an approval rate of 42.9% and denial rate of 14.3%; American Indian or Alaska Native applicants have an approval rate of 20.0% and denial rate of 20.0%. 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.