PlainLender

MEMBERS FIRST CREDIT UNION

MIDLAND, MI

MEMBERS FIRST CREDIT UNION processed 422 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 241 loans with a 23.5% denial rate. Other was the primary loan purpose. Based in MIDLAND, MI. The approval rate of 57.1% 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. MEMBERS FIRST CREDIT UNION processed 422 HMDA-reported mortgage applications in 2024, originating 241 loans and denying 99 for a denial rate of 23.5% (applicants themselves withdrew 71 files before a decision). The average loan amount was $86,256 at a 8.304% average note rate, and applicants self-reported an average income of $35,000. The lender reports under LEI 549300MPZCS4LF270327 from MIDLAND, MI.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 FIRST CREDIT UNION's 57.1% origination rate tells you how often an application turned into funded money; the 23.5% 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, Credit application incomplete, which together explain the majority of rejections. Most activity concentrated in Conventional loans (421 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.

422
Applications
241
Originated
23.5%
Denial Rate
$86,256
Avg Loan Amount
Avg Interest Rate: 8.304% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 421 241 98 $86,021
USDA 1 0 1 $185,000

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for MEMBERS FIRST CREDIT UNION (LEI: 549300MPZCS4LF270327) · 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
39
Debt-to-income ratio
37
Credit application incomplete
19
Collateral
10
Employment history
6
Unverifiable information
3
Other
2
Insufficient cash
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 222 143 $64,009
Home Purchase 87 52 $146,034
Cash-out Refinancing 50 24 $102,800
Home Improvement 48 16 $62,292
Refinancing 15 6 $90,333

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 391 58.3% 23.3%
Black or African American 6 50.0% 33.3%
Joint 5 60.0% 0.0%
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 384 57.8% 24.0%
Joint 12 75.0% 0.0%
Hispanic or Latino 8 50.0% 25.0%

Nearby Lenders in MI

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

ROCKET MORTGAGE

DETROIT, MI

553,854 apps 361,071 originated 14.9% denied

United Wholesale Mortgage

Pontiac, MI

493,978 apps 366,078 originated 11.7% denied

Flagstar Bank NA

Troy, MI

67,778 apps 29,443 originated 18.5% denied

Lake Michigan Credit Union

Grand Rapids, MI

16,222 apps 12,245 originated 8.3% denied

Northpointe Bank

Grand Rapids, MI

9,882 apps 5,580 originated 5.5% denied
Compare MEMBERS FIRST CREDIT UNION vs ROCKET MORTGAGE →

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 FIRST CREDIT UNION process?
MEMBERS FIRST CREDIT UNION processed 422 mortgage applications in the 2023 HMDA reporting year. Of these, 241 were originated (approved and funded), 71 were withdrawn by the applicant, and 99 were denied.
What is MEMBERS FIRST CREDIT UNION's mortgage approval rate?
MEMBERS FIRST CREDIT UNION has an approval (origination) rate of 57.1%, meaning 57.1% of all applications resulted in a funded mortgage. The denial rate is 23.5%.
What is the average loan amount at MEMBERS FIRST CREDIT UNION?
The average mortgage loan amount at MEMBERS FIRST CREDIT UNION is $86,256. The average interest rate is 8.304%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at MEMBERS FIRST CREDIT UNION?
The most common reasons for mortgage denial at MEMBERS FIRST CREDIT UNION are: Credit history, Debt-to-income ratio, Credit application incomplete. In total, 99 applications were denied out of 422 total applications.
What types of mortgage loans does MEMBERS FIRST CREDIT UNION offer?
MEMBERS FIRST CREDIT UNION processes Conventional, USDA loans. The most common type is Conventional with 421 applications and an average loan amount of $86,021.
What loan purposes does MEMBERS FIRST CREDIT UNION serve?
MEMBERS FIRST CREDIT UNION serves the following loan purposes: Other (222 applications), Home Purchase (87 applications), Cash-out Refinancing (50 applications), Home Improvement (48 applications), Refinancing (15 applications). Other is the most common purpose.
Where is MEMBERS FIRST CREDIT UNION located?
MEMBERS FIRST CREDIT UNION is headquartered in MIDLAND, MI. The lender is identified by LEI 549300MPZCS4LF270327 in HMDA data.
How does MEMBERS FIRST CREDIT UNION compare in lending across racial demographics?
MEMBERS FIRST CREDIT UNION reports demographic lending data under HMDA requirements. White applicants have an approval rate of 58.3% and denial rate of 23.3%; Black or African American applicants have an approval rate of 50.0% and denial rate of 33.3%; Joint applicants have an approval rate of 60.0% 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.