PlainLender

NET CREDIT UNION

Scranton, PA

NET CREDIT UNION processed 464 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 300 loans with a 13.8% denial rate. Home Improvement was the primary loan purpose. Based in Scranton, PA. The approval rate of 64.7% 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. NET CREDIT UNION processed 464 HMDA-reported mortgage applications in 2024, originating 300 loans and denying 64 for a denial rate of 13.8% (applicants themselves withdrew 91 files before a decision). The average loan amount was $89,418 at a 8.385% average note rate, and applicants self-reported an average income of $32,000. The lender reports under LEI 549300FV32ULL0DL8X39 from Scranton, PA.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. NET CREDIT UNION's 64.7% origination rate tells you how often an application turned into funded money; the 13.8% 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 (464 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.

464
Applications
300
Originated
13.8%
Denial Rate
$89,418
Avg Loan Amount
Avg Interest Rate: 8.385% Avg Applicant Income: $32,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 464 300 64 $89,418

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for NET CREDIT UNION (LEI: 549300FV32ULL0DL8X39) · 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
28
Credit history
26
Collateral
17
Unverifiable information
3
Other
3
Employment history
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 185 132 $77,703
Other 172 107 $72,849
Home Purchase 55 34 $181,364
Refinancing 36 20 $102,500
Cash-out Refinancing 16 7 $57,500

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 447 64.4% 13.9%
Black or African American 7 85.7% 0.0%
Asian 4 50.0% 25.0%
Joint 3 100.0% 0.0%
Native Hawaiian or Other Pacific Islander 1 0.0% 100.0%

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 439 65.8% 13.0%
Hispanic or Latino 21 42.9% 28.6%

Nearby Lenders in PA

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

NEWREZ LLC

FORT WASHINGTON, PA

248,242 apps 52,121 originated 11.5% denied

PNC BANK N.A.

Pittsburgh, PA

127,108 apps 56,830 originated 25.4% denied

SPRING EQ, LLC

RADNOR, PA

104,263 apps 31,186 originated 54.8% denied

NVR MORTGAGE FINANCE, INC.

PITTSBURGH, PA

23,698 apps 17,311 originated 17.1% denied

FIRST NATIONAL BANK OF PA

PITTSBURGH, PA

22,946 apps 13,057 originated 25.0% denied
Compare NET CREDIT UNION vs NEWREZ 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

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 NET CREDIT UNION process?
NET CREDIT UNION processed 464 mortgage applications in the 2023 HMDA reporting year. Of these, 300 were originated (approved and funded), 91 were withdrawn by the applicant, and 64 were denied.
What is NET CREDIT UNION's mortgage approval rate?
NET CREDIT UNION has an approval (origination) rate of 64.7%, meaning 64.7% of all applications resulted in a funded mortgage. The denial rate is 13.8%.
What is the average loan amount at NET CREDIT UNION?
The average mortgage loan amount at NET CREDIT UNION is $89,418. The average interest rate is 8.385%. The average applicant income is $32,000.
What are the most common reasons for mortgage denial at NET CREDIT UNION?
The most common reasons for mortgage denial at NET CREDIT UNION are: Debt-to-income ratio, Credit history, Collateral. In total, 64 applications were denied out of 464 total applications.
What types of mortgage loans does NET CREDIT UNION offer?
NET CREDIT UNION processes Conventional loans. The most common type is Conventional with 464 applications and an average loan amount of $89,418.
What loan purposes does NET CREDIT UNION serve?
NET CREDIT UNION serves the following loan purposes: Home Improvement (185 applications), Other (172 applications), Home Purchase (55 applications), Refinancing (36 applications), Cash-out Refinancing (16 applications). Home Improvement is the most common purpose.
Where is NET CREDIT UNION located?
NET CREDIT UNION is headquartered in Scranton, PA. The lender is identified by LEI 549300FV32ULL0DL8X39 in HMDA data.
How does NET CREDIT UNION compare in lending across racial demographics?
NET CREDIT UNION reports demographic lending data under HMDA requirements. White applicants have an approval rate of 64.4% and denial rate of 13.9%; Black or African American applicants have an approval rate of 85.7% and denial rate of 0.0%; Asian applicants have an approval rate of 50.0% 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.