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Merced School Employees Federal Credit Union

Merced, CA

Merced School Employees Federal Credit Union processed 177 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 132 loans with a 9.6% denial rate. Home Improvement was the primary loan purpose. Based in Merced, CA. The approval rate of 74.6% 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. Merced School Employees Federal Credit Union processed 177 HMDA-reported mortgage applications in 2024, originating 132 loans and denying 17 for a denial rate of 9.6% (applicants themselves withdrew 2 files before a decision). The average loan amount was $137,599, and applicants self-reported an average income of $33,000. The lender reports under LEI 549300Y37WHI3S8KVE74 from Merced, CA.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Merced School Employees Federal Credit Union's 74.6% origination rate tells you how often an application turned into funded money; the 9.6% 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 (177 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.

177
Applications
132
Originated
9.6%
Denial Rate
$137,599
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 177 132 17 $137,599

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Merced School Employees Federal Credit Union (LEI: 549300Y37WHI3S8KVE74) · 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
12
Credit history
3
Collateral
2
Employment history
1
Other
1
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 54 48 $89,259
Other 52 45 $66,346
Home Purchase 33 12 $251,970
Cash-out Refinancing 28 21 $209,643
Refinancing 10 6 $190,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 153 75.8% 9.8%
Asian 11 45.5% 18.2%
American Indian or Alaska Native 4 75.0% 0.0%
Black or African American 4 75.0% 0.0%
Joint 3 100.0% 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
Hispanic or Latino 89 76.4% 9.0%
Not Hispanic or Latino 66 69.7% 10.6%
Joint 20 80.0% 10.0%

Nearby Lenders in CA

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

PENNYMAC LOAN SERVICES LLC

WESTLAKE VILLAGE, CA

384,816 apps 67,294 originated 4.7% denied

Bank of America NA

Westlake Village, CA

233,637 apps 83,165 originated 34.6% denied

AmeriHome Mortgage Company, LLC

Thousand Oaks, CA

149,937 apps 6,250 originated 0.8% denied

LOANDEPOT.COM, LLC

IRVINE, CA

142,924 apps 79,418 originated 23.3% denied

NEW AMERICAN FUNDING, LLC.

TUSTIN, CA

118,479 apps 48,639 originated 11.1% denied
Compare Merced School Employees Federal Credit Union vs PENNYMAC LOAN SERVICES LLC →

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

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Frequently Asked Questions

How many mortgage applications did Merced School Employees Federal Credit Union process?
Merced School Employees Federal Credit Union processed 177 mortgage applications in the 2023 HMDA reporting year. Of these, 132 were originated (approved and funded), 2 were withdrawn by the applicant, and 17 were denied.
What is Merced School Employees Federal Credit Union's mortgage approval rate?
Merced School Employees Federal Credit Union has an approval (origination) rate of 74.6%, meaning 74.6% of all applications resulted in a funded mortgage. The denial rate is 9.6%.
What is the average loan amount at Merced School Employees Federal Credit Union?
The average mortgage loan amount at Merced School Employees Federal Credit Union is $137,599. The average applicant income is $33,000.
What are the most common reasons for mortgage denial at Merced School Employees Federal Credit Union?
The most common reasons for mortgage denial at Merced School Employees Federal Credit Union are: Debt-to-income ratio, Credit history, Collateral. In total, 17 applications were denied out of 177 total applications.
What types of mortgage loans does Merced School Employees Federal Credit Union offer?
Merced School Employees Federal Credit Union processes Conventional loans. The most common type is Conventional with 177 applications and an average loan amount of $137,599.
What loan purposes does Merced School Employees Federal Credit Union serve?
Merced School Employees Federal Credit Union serves the following loan purposes: Home Improvement (54 applications), Other (52 applications), Home Purchase (33 applications), Cash-out Refinancing (28 applications), Refinancing (10 applications). Home Improvement is the most common purpose.
Where is Merced School Employees Federal Credit Union located?
Merced School Employees Federal Credit Union is headquartered in Merced, CA. The lender is identified by LEI 549300Y37WHI3S8KVE74 in HMDA data.
How does Merced School Employees Federal Credit Union compare in lending across racial demographics?
Merced School Employees Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 75.8% and denial rate of 9.8%; Asian applicants have an approval rate of 45.5% and denial rate of 18.2%; American Indian or Alaska Native applicants have an approval rate of 75.0% 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.