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Matanuska Valley Federal Credit Union

Palmer, AK

Matanuska Valley Federal Credit Union processed 149 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 66 loans with a 17.4% denial rate. Cash-out Refinancing was the primary loan purpose. Based in Palmer, AK. The approval rate of 44.3% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Matanuska Valley Federal Credit Union's 44.3% 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 (149 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.

149
Applications
66
Originated
17.4%
Denial Rate
$231,040
Avg Loan Amount
Avg Interest Rate: 7.661% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 149 66 26 $231,040

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Matanuska Valley Federal Credit Union (LEI: 5493007W0I8SLLDP5N98) · 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 Approval rates exclude withdrawn / incomplete applications.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
13
Debt-to-income ratio
8
Collateral
7
Other
2
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 82 29 $181,585
Home Purchase 40 21 $348,500
Refinancing 15 10 $273,667
Home Improvement 12 6 $124,167

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 114 45.6% 19.3%
Joint * 6 16.7% 16.7%
American Indian or Alaska Native * 5 20.0% 40.0%
2 or more minority races * 1 0.0% 0.0%

* 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 116 44.8% 19.0%
Hispanic or Latino * 5 20.0% 60.0%
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 AK

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

Global Federal Credit Union

Anchorage, AK

4,306 apps 2,516 originated 19.9% denied

Residential Mortgage, LLC

Anchorage, AK

2,364 apps 1,765 originated 4.6% denied

Credit Union 1

Anchorage, AK

404 apps 213 originated 10.9% denied

First National Bank Alaska

ANCHORAGE, AK

382 apps 200 originated 7.6% denied

Mt Mckinley Bank

FAIRBANKS, AK

175 apps 130 originated 5.7% denied
Compare Matanuska Valley Federal Credit Union vs Global Federal Credit Union →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Matanuska Valley Federal Credit Union process?
Matanuska Valley Federal Credit Union processed 149 mortgage applications in the 2024 HMDA reporting year. Of these, 66 were originated (approved and funded), 29 were withdrawn by the applicant, and 26 were denied.
What is Matanuska Valley Federal Credit Union's mortgage approval rate?
Matanuska Valley Federal Credit Union has an approval (origination) rate of 44.3%, meaning 44.3% of all applications resulted in a funded mortgage. The denial rate is 17.4%.
What is the average loan amount at Matanuska Valley Federal Credit Union?
The average mortgage loan amount at Matanuska Valley Federal Credit Union is $231,040. The average interest rate is 7.661%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at Matanuska Valley Federal Credit Union?
The most common reasons for mortgage denial at Matanuska Valley Federal Credit Union are: Credit history, Debt-to-income ratio, Collateral. In total, 26 applications were denied out of 149 total applications.
What types of mortgage loans does Matanuska Valley Federal Credit Union offer?
Matanuska Valley Federal Credit Union processes Conventional loans. The most common type is Conventional with 149 applications and an average loan amount of $231,040.
What loan purposes does Matanuska Valley Federal Credit Union serve?
Matanuska Valley Federal Credit Union serves the following loan purposes: Cash-out Refinancing (82 applications), Home Purchase (40 applications), Refinancing (15 applications), Home Improvement (12 applications). Cash-out Refinancing is the most common purpose.
Where is Matanuska Valley Federal Credit Union located?
Matanuska Valley Federal Credit Union is headquartered in Palmer, AK. The lender is identified by LEI 5493007W0I8SLLDP5N98 in HMDA data.
How does Matanuska Valley Federal Credit Union compare in lending across racial demographics?
Matanuska Valley Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 45.6% and denial rate of 19.3%; Joint applicants have an approval rate of 16.7% and denial rate of 16.7%; American Indian or Alaska Native applicants have an approval rate of 20.0% and denial rate of 40.0%. 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.