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Members Choice Credit Union

Ashland, KY

Members Choice Credit Union processed 196 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 147 loans with a 17.4% denial rate. Other was the primary loan purpose. Based in Ashland, KY. The approval rate of 75.0% 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. Members Choice Credit Union processed 196 HMDA-reported mortgage applications in 2024, originating 147 loans and denying 34 for a denial rate of 17.4% (applicants themselves withdrew 9 files before a decision). The average loan amount was $144,796 at a 7.715% average note rate, and applicants self-reported an average income of $33,000. The lender reports under LEI 549300VI8UYZW0WTE611 from Ashland, KY.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Members Choice Credit Union's 75.0% 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 Debt-to-income ratio, Credit history, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (196 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.

196
Applications
147
Originated
17.4%
Denial Rate
$144,796
Avg Loan Amount
Avg Interest Rate: 7.715% Avg Applicant Income: $33,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 196 147 34 $144,796

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Members Choice Credit Union (LEI: 549300VI8UYZW0WTE611) · 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

Debt-to-income ratio
15
Credit history
15
Collateral
8
Employment history
2
Insufficient cash
2
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 54 35 $46,852
Home Purchase 49 38 $141,122
Refinancing 40 25 $122,250
Cash-out Refinancing 19 16 $322,368
Home Improvement 17 16 $58,529

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 165 72.1% 19.4%
Black or African American 2 50.0% 0.0%
Joint 2 50.0% 50.0%
Asian 1 100.0% 0.0%

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 168 71.4% 19.6%
Joint 1 100.0% 0.0%

Nearby Lenders in KY

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

STOCKTON MORTGAGE CORPORATION

FRANKFORT, KY

12,011 apps 7,797 originated 6.5% denied

Liberty Federal Credit Union

Louisville, KY

6,132 apps 4,679 originated 7.9% denied

FARM CREDIT MID-AMERICA, ACA

LOUISVILLE, KY

5,902 apps 4,311 originated 10.4% denied

MAGNOLIA BANK

Elizabethtown, KY

5,338 apps 4,002 originated 7.8% denied

REPUBLIC BANK & TRUST

LOUISVILLE, KY

3,866 apps 2,192 originated 13.1% denied
Compare Members Choice Credit Union vs STOCKTON MORTGAGE CORPORATION →

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 Members Choice Credit Union process?
Members Choice Credit Union processed 196 mortgage applications in the 2023 HMDA reporting year. Of these, 147 were originated (approved and funded), 9 were withdrawn by the applicant, and 34 were denied.
What is Members Choice Credit Union's mortgage approval rate?
Members Choice Credit Union has an approval (origination) rate of 75.0%, meaning 75.0% of all applications resulted in a funded mortgage. The denial rate is 17.4%.
What is the average loan amount at Members Choice Credit Union?
The average mortgage loan amount at Members Choice Credit Union is $144,796. The average interest rate is 7.715%. The average applicant income is $33,000.
What are the most common reasons for mortgage denial at Members Choice Credit Union?
The most common reasons for mortgage denial at Members Choice Credit Union are: Debt-to-income ratio, Credit history, Collateral. In total, 34 applications were denied out of 196 total applications.
What types of mortgage loans does Members Choice Credit Union offer?
Members Choice Credit Union processes Conventional loans. The most common type is Conventional with 196 applications and an average loan amount of $144,796.
What loan purposes does Members Choice Credit Union serve?
Members Choice Credit Union serves the following loan purposes: Other (54 applications), Home Purchase (49 applications), Refinancing (40 applications), Cash-out Refinancing (19 applications), Home Improvement (17 applications). Other is the most common purpose.
Where is Members Choice Credit Union located?
Members Choice Credit Union is headquartered in Ashland, KY. The lender is identified by LEI 549300VI8UYZW0WTE611 in HMDA data.
How does Members Choice Credit Union compare in lending across racial demographics?
Members Choice Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 72.1% and denial rate of 19.4%; Black or African American applicants have an approval rate of 50.0% and denial rate of 0.0%; Joint applicants have an approval rate of 50.0% and denial rate of 50.0%. 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.