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Municipal Employees Credit Union

Oklahoma City, OK

Municipal Employees Credit Union processed 67 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 28 loans with a 9.0% denial rate. Home Purchase was the primary loan purpose. Based in Oklahoma City, OK. The approval rate of 41.8% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Municipal Employees Credit Union's 41.8% origination rate tells you how often an application turned into funded money; the 9.0% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Collateral, Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in Conventional loans (67 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.

67
Applications
28
Originated
9.0%
Denial Rate
$157,239
Avg Loan Amount
Avg Interest Rate: 7.729% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 67 28 6 $157,239

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Municipal Employees Credit Union (LEI: 254900Y4P4X4Y1L26R43) · 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 Approval rates exclude withdrawn / incomplete applications.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
3
Collateral
2
Debt-to-income ratio
2
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 38 10 $201,579
Cash-out Refinancing 20 13 $115,000
Refinancing 9 5 $63,889

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White * 33 48.5% 9.1%
Black or African American * 8 25.0% 25.0%
American Indian or Alaska Native * 4 25.0% 25.0%
2 or more minority races * 1 0.0% 0.0%
Joint * 1 100.0% 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 * 30 36.7% 16.7%
Hispanic or Latino * 9 55.6% 0.0%
Joint * 1 100.0% 0.0%

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

Nearby Lenders in OK

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

Arvest Bank

TULSA, OK

20,066 apps 12,946 originated 16.2% denied

MidFirst Bank

Oklahoma City, OK

14,527 apps 1,920 originated 2.8% denied

Gateway First Bank

JENKS, OK

13,103 apps 8,366 originated 4.3% denied

Finance of America Reverse LLC

TULSA, OK

12,910 apps 8,638 originated 8.3% denied

Bokf NA

TULSA, OK

11,220 apps 5,852 originated 27.4% denied
Compare Municipal Employees Credit Union vs Arvest Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Municipal Employees Credit Union process?
Municipal Employees Credit Union processed 67 mortgage applications in the 2024 HMDA reporting year. Of these, 28 were originated (approved and funded), 6 were withdrawn by the applicant, and 6 were denied.
What is Municipal Employees Credit Union's mortgage approval rate?
Municipal Employees Credit Union has an approval (origination) rate of 41.8%, meaning 41.8% of all applications resulted in a funded mortgage. The denial rate is 9.0%.
What is the average loan amount at Municipal Employees Credit Union?
The average mortgage loan amount at Municipal Employees Credit Union is $157,239. The average interest rate is 7.729%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at Municipal Employees Credit Union?
The most common reasons for mortgage denial at Municipal Employees Credit Union are: Credit history, Collateral, Debt-to-income ratio. In total, 6 applications were denied out of 67 total applications.
What types of mortgage loans does Municipal Employees Credit Union offer?
Municipal Employees Credit Union processes Conventional loans. The most common type is Conventional with 67 applications and an average loan amount of $157,239.
What loan purposes does Municipal Employees Credit Union serve?
Municipal Employees Credit Union serves the following loan purposes: Home Purchase (38 applications), Cash-out Refinancing (20 applications), Refinancing (9 applications). Home Purchase is the most common purpose.
Where is Municipal Employees Credit Union located?
Municipal Employees Credit Union is headquartered in Oklahoma City, OK. The lender is identified by LEI 254900Y4P4X4Y1L26R43 in HMDA data.
How does Municipal Employees Credit Union compare in lending across racial demographics?
Municipal Employees Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 48.5% and denial rate of 9.1%; Black or African American applicants have an approval rate of 25.0% and denial rate of 25.0%; American Indian or Alaska Native applicants have an approval rate of 25.0% and denial rate of 25.0%. 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.