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Marine Credit Union

LA CROSSE, WI

Marine Credit Union processed 2,897 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 989 loans with a 35.8% denial rate. Cash-out Refinancing was the primary loan purpose. Based in LA CROSSE, WI. The approval rate of 34.1% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Marine Credit Union's 34.1% origination rate tells you how often an application turned into funded money; the 35.8% 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 (2,897 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.

2,897
Applications
989
Originated
35.8%
Denial Rate
$121,980
Avg Loan Amount
Avg Interest Rate: 9.623% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 2,897 989 1,038 $121,980

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Marine Credit Union (LEI: 5493007DIB8YPDM6NR52) · 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 Approval rates exclude withdrawn / incomplete applications.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
573
Debt-to-income ratio
466
Collateral
113
Credit application incomplete
82
Employment history
50
Insufficient cash
43
Unverifiable information
24
Other
17

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 2,019 727 $105,986
Home Purchase 569 212 $167,390
Refinancing 309 50 $142,864

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 2,520 34.9% 34.9%
Black or African American 169 25.4% 46.8%
Joint 58 36.2% 39.7%
Asian * 37 21.6% 37.8%
American Indian or Alaska Native * 11 54.5% 27.3%
2 or more minority races * 3 33.3% 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 2,386 33.5% 37.0%
Hispanic or Latino 355 41.1% 24.8%
Joint 59 25.4% 45.8%

Nearby Lenders in WI

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

Fairway Independent Mort CORP

MADISON, WI

102,501 apps 74,401 originated 4.7% denied

Summit Credit Union

Cottage Grove, WI

15,990 apps 9,929 originated 10.9% denied

Uw Credit Union

MADISON, WI

11,177 apps 8,477 originated 12.3% denied

Associated Bank NA

Green Bay, WI

10,999 apps 6,532 originated 24.4% denied

Waterstone Mortgage Corporation

BROOKFIELD, WI

10,792 apps 7,819 originated 4.5% denied
Compare Marine Credit Union vs Fairway Independent Mort CORP →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Marine Credit Union process?
Marine Credit Union processed 2,897 mortgage applications in the 2024 HMDA reporting year. Of these, 989 were originated (approved and funded), 628 were withdrawn by the applicant, and 1,038 were denied.
What is Marine Credit Union's mortgage approval rate?
Marine Credit Union has an approval (origination) rate of 34.1%, meaning 34.1% of all applications resulted in a funded mortgage. The denial rate is 35.8%.
What is the average loan amount at Marine Credit Union?
The average mortgage loan amount at Marine Credit Union is $121,980. The average interest rate is 9.623%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at Marine Credit Union?
The most common reasons for mortgage denial at Marine Credit Union are: Credit history, Debt-to-income ratio, Collateral. In total, 1,038 applications were denied out of 2,897 total applications.
What types of mortgage loans does Marine Credit Union offer?
Marine Credit Union processes Conventional loans. The most common type is Conventional with 2,897 applications and an average loan amount of $121,980.
What loan purposes does Marine Credit Union serve?
Marine Credit Union serves the following loan purposes: Cash-out Refinancing (2,019 applications), Home Purchase (569 applications), Refinancing (309 applications). Cash-out Refinancing is the most common purpose.
Where is Marine Credit Union located?
Marine Credit Union is headquartered in LA CROSSE, WI. The lender is identified by LEI 5493007DIB8YPDM6NR52 in HMDA data.
How does Marine Credit Union compare in lending across racial demographics?
Marine Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 34.9% and denial rate of 34.9%; Black or African American applicants have an approval rate of 25.4% and denial rate of 46.8%; Joint applicants have an approval rate of 36.2% and denial rate of 39.7%. 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.