PlainLender

PA STATE EMPLOYEES CU

HARRISBURG, PA

PA STATE EMPLOYEES CU processed 8,287 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 5,706 loans with a 15.5% denial rate. Other was the primary loan purpose. Based in HARRISBURG, PA. The approval rate of 68.9% 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. PA STATE EMPLOYEES CU processed 8,287 HMDA-reported mortgage applications in 2024, originating 5,706 loans and denying 1,287 for a denial rate of 15.5% (applicants themselves withdrew 616 files before a decision). The average loan amount was $106,523 at a 7.313% average note rate, and applicants self-reported an average income of $37,000. The lender reports under LEI 549300PT6CCDYU4VHM41 from HARRISBURG, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. PA STATE EMPLOYEES CU's 68.9% origination rate tells you how often an application turned into funded money; the 15.5% 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, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (8,287 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.

8,287
Applications
5,706
Originated
15.5%
Denial Rate
$106,523
Avg Loan Amount
Avg Interest Rate: 7.313% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 8,287 5,706 1,287 $106,523

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for PA STATE EMPLOYEES CU (LEI: 549300PT6CCDYU4VHM41) · 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
717
Debt-to-income ratio
317
Collateral
199
Other
85
Insufficient cash
10
Employment history
5
Credit application incomplete
4
Unverifiable information
4

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 3,570 2,327 $83,370
Home Improvement 2,948 2,031 $64,810
Home Purchase 1,103 898 $263,930
Refinancing 381 282 $131,824
Cash-out Refinancing 285 168 $185,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 6,651 70.6% 14.2%
Black or African American 286 57.3% 30.4%
Asian 177 54.2% 21.5%
Joint 128 73.4% 15.6%
American Indian or Alaska Native 25 48.0% 36.0%
Native Hawaiian or Other Pacific Islander 10 50.0% 30.0%
2 or more minority races 6 66.7% 16.7%

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 6,599 69.8% 15.1%
Hispanic or Latino 232 54.7% 27.2%
Joint 121 70.3% 13.2%

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 PA STATE EMPLOYEES CU 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

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Frequently Asked Questions

How many mortgage applications did PA STATE EMPLOYEES CU process?
PA STATE EMPLOYEES CU processed 8,287 mortgage applications in the 2023 HMDA reporting year. Of these, 5,706 were originated (approved and funded), 616 were withdrawn by the applicant, and 1,287 were denied.
What is PA STATE EMPLOYEES CU's mortgage approval rate?
PA STATE EMPLOYEES CU has an approval (origination) rate of 68.9%, meaning 68.9% of all applications resulted in a funded mortgage. The denial rate is 15.5%.
What is the average loan amount at PA STATE EMPLOYEES CU?
The average mortgage loan amount at PA STATE EMPLOYEES CU is $106,523. The average interest rate is 7.313%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at PA STATE EMPLOYEES CU?
The most common reasons for mortgage denial at PA STATE EMPLOYEES CU are: Credit history, Debt-to-income ratio, Collateral. In total, 1,287 applications were denied out of 8,287 total applications.
What types of mortgage loans does PA STATE EMPLOYEES CU offer?
PA STATE EMPLOYEES CU processes Conventional loans. The most common type is Conventional with 8,287 applications and an average loan amount of $106,523.
What loan purposes does PA STATE EMPLOYEES CU serve?
PA STATE EMPLOYEES CU serves the following loan purposes: Other (3,570 applications), Home Improvement (2,948 applications), Home Purchase (1,103 applications), Refinancing (381 applications), Cash-out Refinancing (285 applications). Other is the most common purpose.
Where is PA STATE EMPLOYEES CU located?
PA STATE EMPLOYEES CU is headquartered in HARRISBURG, PA. The lender is identified by LEI 549300PT6CCDYU4VHM41 in HMDA data.
How does PA STATE EMPLOYEES CU compare in lending across racial demographics?
PA STATE EMPLOYEES CU reports demographic lending data under HMDA requirements. White applicants have an approval rate of 70.6% and denial rate of 14.2%; Black or African American applicants have an approval rate of 57.3% and denial rate of 30.4%; Asian applicants have an approval rate of 54.2% and denial rate of 21.5%. 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.