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R.I.A. Federal Credit Union

Bettendorf, IA

R.I.A. Federal Credit Union processed 476 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 255 loans with a 17.6% denial rate. Other was the primary loan purpose. Based in Bettendorf, IA. The approval rate of 53.6% 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. R.I.A. Federal Credit Union processed 476 HMDA-reported mortgage applications in 2024, originating 255 loans and denying 84 for a denial rate of 17.6% (applicants themselves withdrew 84 files before a decision). The average loan amount was $88,824 at a 6.499% average note rate, and applicants self-reported an average income of $34,000. The lender reports under LEI 254900M3DBBSBUPR5L27 from Bettendorf, IA.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. R.I.A. Federal Credit Union's 53.6% origination rate tells you how often an application turned into funded money; the 17.6% 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, Credit application incomplete, which together explain the majority of rejections. Most activity concentrated in Conventional loans (476 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.

476
Applications
255
Originated
17.6%
Denial Rate
$88,824
Avg Loan Amount
Avg Interest Rate: 6.499% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 476 255 84 $88,824

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for R.I.A. Federal Credit Union (LEI: 254900M3DBBSBUPR5L27) · 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
36
Debt-to-income ratio
16
Credit application incomplete
8
Collateral
5
Other
2
Mortgage insurance denied
1
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 167 96 $50,389
Home Purchase 140 70 $158,000
Home Improvement 105 59 $46,238
Cash-out Refinancing 58 28 $111,552
Refinancing 6 2 $70,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 186 54.3% 19.4%
Black or African American 9 55.6% 11.1%
Asian 3 66.7% 33.3%
American Indian or Alaska Native 2 100.0% 0.0%
Joint 2 0.0% 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
Not Hispanic or Latino 179 54.2% 20.7%
Hispanic or Latino 17 35.3% 11.8%
Joint 5 80.0% 0.0%

Nearby Lenders in IA

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

GREENSTATE CREDIT UNION

NORTH LIBERTY, IA

18,672 apps 12,784 originated 11.1% denied

VERIDIAN CREDIT UNION

WATERLOO, IA

11,053 apps 7,554 originated 12.1% denied

IOWA BANKERS MORTGAGE CORPORATION

JOHNSTON, IA

5,751 apps 2,402 originated 7.6% denied

DUPACO COMMUNITY CREDIT UNION

DUBUQUE, IA

3,587 apps 2,580 originated 19.3% denied

HILLS BANK AND TRUST COMPANY

HILLS, IA

2,597 apps 2,128 originated 7.0% denied
Compare R.I.A. Federal Credit Union vs GREENSTATE CREDIT UNION →

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 R.I.A. Federal Credit Union process?
R.I.A. Federal Credit Union processed 476 mortgage applications in the 2023 HMDA reporting year. Of these, 255 were originated (approved and funded), 84 were withdrawn by the applicant, and 84 were denied.
What is R.I.A. Federal Credit Union's mortgage approval rate?
R.I.A. Federal Credit Union has an approval (origination) rate of 53.6%, meaning 53.6% of all applications resulted in a funded mortgage. The denial rate is 17.6%.
What is the average loan amount at R.I.A. Federal Credit Union?
The average mortgage loan amount at R.I.A. Federal Credit Union is $88,824. The average interest rate is 6.499%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at R.I.A. Federal Credit Union?
The most common reasons for mortgage denial at R.I.A. Federal Credit Union are: Credit history, Debt-to-income ratio, Credit application incomplete. In total, 84 applications were denied out of 476 total applications.
What types of mortgage loans does R.I.A. Federal Credit Union offer?
R.I.A. Federal Credit Union processes Conventional loans. The most common type is Conventional with 476 applications and an average loan amount of $88,824.
What loan purposes does R.I.A. Federal Credit Union serve?
R.I.A. Federal Credit Union serves the following loan purposes: Other (167 applications), Home Purchase (140 applications), Home Improvement (105 applications), Cash-out Refinancing (58 applications), Refinancing (6 applications). Other is the most common purpose.
Where is R.I.A. Federal Credit Union located?
R.I.A. Federal Credit Union is headquartered in Bettendorf, IA. The lender is identified by LEI 254900M3DBBSBUPR5L27 in HMDA data.
How does R.I.A. Federal Credit Union compare in lending across racial demographics?
R.I.A. Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 54.3% and denial rate of 19.4%; Black or African American applicants have an approval rate of 55.6% and denial rate of 11.1%; Asian applicants have an approval rate of 66.7% and denial rate of 33.3%. 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.