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Metro Credit Union

Omaha, NE

Metro Credit Union processed 987 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 589 loans with a 26.4% denial rate. Other was the primary loan purpose. Based in Omaha, NE. The approval rate of 59.7% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Metro Credit Union's 59.7% origination rate tells you how often an application turned into funded money; the 26.4% 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, Credit application incomplete, which together explain the majority of rejections. Most activity concentrated in Conventional loans (987 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.

987
Applications
589
Originated
26.4%
Denial Rate
$85,405
Avg Loan Amount
Avg Interest Rate: 6.611% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 987 589 261 $85,405

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Metro Credit Union (LEI: 54930015EUQKUCIRBQ14) · 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 Approval rates exclude withdrawn / incomplete applications.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

Debt-to-income ratio
88
Credit history
88
Credit application incomplete
77
Collateral
75
Other
8

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 486 261 $80,144
Home Improvement 415 268 $71,530
Home Purchase 49 37 $221,531
Cash-out Refinancing 23 16 $121,957
Refinancing 14 7 $142,857

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 714 65.4% 22.8%
Black or African American 84 39.3% 45.2%
Joint * 23 56.5% 34.8%
Asian * 18 44.4% 16.7%
American Indian or Alaska Native * 5 20.0% 60.0%
Native Hawaiian or Other Pacific Islander * 1 0.0% 0.0%
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 740 63.6% 22.8%
Hispanic or Latino 74 44.6% 41.9%
Joint * 16 43.8% 43.8%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in NE

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

First National Bank of Omaha

OMAHA, NE

7,537 apps 4,818 originated 17.0% denied

West Gate Bank

Lincoln, NE

3,589 apps 2,003 originated 3.0% denied

Pinnacle Bank

LINCOLN, NE

3,058 apps 2,573 originated 5.0% denied

Charter West Bank

West Point, NE

2,250 apps 1,580 originated 7.3% denied

Centris Federal Credit Union

Omaha, NE

2,107 apps 1,318 originated 19.9% denied
Compare Metro Credit Union vs First National Bank of Omaha →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Metro Credit Union process?
Metro Credit Union processed 987 mortgage applications in the 2024 HMDA reporting year. Of these, 589 were originated (approved and funded), 87 were withdrawn by the applicant, and 261 were denied.
What is Metro Credit Union's mortgage approval rate?
Metro Credit Union has an approval (origination) rate of 59.7%, meaning 59.7% of all applications resulted in a funded mortgage. The denial rate is 26.4%.
What is the average loan amount at Metro Credit Union?
The average mortgage loan amount at Metro Credit Union is $85,405. The average interest rate is 6.611%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at Metro Credit Union?
The most common reasons for mortgage denial at Metro Credit Union are: Debt-to-income ratio, Credit history, Credit application incomplete. In total, 261 applications were denied out of 987 total applications.
What types of mortgage loans does Metro Credit Union offer?
Metro Credit Union processes Conventional loans. The most common type is Conventional with 987 applications and an average loan amount of $85,405.
What loan purposes does Metro Credit Union serve?
Metro Credit Union serves the following loan purposes: Other (486 applications), Home Improvement (415 applications), Home Purchase (49 applications), Cash-out Refinancing (23 applications), Refinancing (14 applications). Other is the most common purpose.
Where is Metro Credit Union located?
Metro Credit Union is headquartered in Omaha, NE. The lender is identified by LEI 54930015EUQKUCIRBQ14 in HMDA data.
How does Metro Credit Union compare in lending across racial demographics?
Metro Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 65.4% and denial rate of 22.8%; Black or African American applicants have an approval rate of 39.3% and denial rate of 45.2%; Joint applicants have an approval rate of 56.5% and denial rate of 34.8%. 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.