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Legacy Community Federal Credit Union

Birmingham, AL

Legacy Community Federal Credit Union processed 162 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 104 loans with a 17.3% denial rate. Other was the primary loan purpose. Based in Birmingham, AL. The approval rate of 64.2% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Legacy Community Federal Credit Union's 64.2% origination rate tells you how often an application turned into funded money; the 17.3% 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 (162 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.

162
Applications
104
Originated
17.3%
Denial Rate
$143,272
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 162 104 28 $143,272

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Legacy Community Federal Credit Union (LEI: 5493006JU3IPG0E80D85) · 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 Approval rates exclude withdrawn / incomplete applications.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
14
Debt-to-income ratio
11
Collateral
7
Other
1
Credit application incomplete
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 57 37 $59,561
Home Purchase 40 23 $275,250
Cash-out Refinancing 34 21 $181,471
Home Improvement 21 21 $60,714
Refinancing 10 2 $136,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 72 66.7% 11.1%
Black or African American * 44 59.1% 31.8%
Asian * 7 28.6% 0.0%
Joint * 4 100.0% 0.0%
2 or more minority races * 3 66.7% 33.3%

* 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 117 65.0% 15.4%
Hispanic or Latino * 4 50.0% 50.0%
Joint * 2 50.0% 0.0%

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

Nearby Lenders in AL

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

Regions Bank

BIRMINGHAM, AL

70,436 apps 29,337 originated 39.6% denied

CSL Financial LLC

Birmingham, AL

10,109 apps 1,011 originated 60.3% denied

Redstone Federal Credit Union

HUNTSVILLE, AL

5,601 apps 3,166 originated 21.9% denied

Tjc Mortgage INC

BIRMINGHAM, AL

2,788 apps 1,704 originated 3.2% denied

All in Credit Union

DOTHAN, AL

2,355 apps 1,018 originated 32.0% denied
Compare Legacy Community Federal Credit Union vs Regions Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Legacy Community Federal Credit Union process?
Legacy Community Federal Credit Union processed 162 mortgage applications in the 2024 HMDA reporting year. Of these, 104 were originated (approved and funded), 8 were withdrawn by the applicant, and 28 were denied.
What is Legacy Community Federal Credit Union's mortgage approval rate?
Legacy Community Federal Credit Union has an approval (origination) rate of 64.2%, meaning 64.2% of all applications resulted in a funded mortgage. The denial rate is 17.3%.
What is the average loan amount at Legacy Community Federal Credit Union?
The average mortgage loan amount at Legacy Community Federal Credit Union is $143,272.
What are the most common reasons for mortgage denial at Legacy Community Federal Credit Union?
The most common reasons for mortgage denial at Legacy Community Federal Credit Union are: Credit history, Debt-to-income ratio, Collateral. In total, 28 applications were denied out of 162 total applications.
What types of mortgage loans does Legacy Community Federal Credit Union offer?
Legacy Community Federal Credit Union processes Conventional loans. The most common type is Conventional with 162 applications and an average loan amount of $143,272.
What loan purposes does Legacy Community Federal Credit Union serve?
Legacy Community Federal Credit Union serves the following loan purposes: Other (57 applications), Home Purchase (40 applications), Cash-out Refinancing (34 applications), Home Improvement (21 applications), Refinancing (10 applications). Other is the most common purpose.
Where is Legacy Community Federal Credit Union located?
Legacy Community Federal Credit Union is headquartered in Birmingham, AL. The lender is identified by LEI 5493006JU3IPG0E80D85 in HMDA data.
How does Legacy Community Federal Credit Union compare in lending across racial demographics?
Legacy Community Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 66.7% and denial rate of 11.1%; Black or African American applicants have an approval rate of 59.1% and denial rate of 31.8%; Asian applicants have an approval rate of 28.6% 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.