PlainLender

Scott Credit Union

EDWARDSVILLE, IL

Scott Credit Union processed 1,405 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 960 loans with a 21.6% denial rate. Home Purchase was the primary loan purpose. Based in EDWARDSVILLE, IL. The approval rate of 68.3% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Scott Credit Union's 68.3% origination rate tells you how often an application turned into funded money; the 21.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Debt-to-income ratio, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,321 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.

1,405
Applications
960
Originated
21.6%
Denial Rate
$150,096
Avg Loan Amount
Avg Interest Rate: 7.338% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,321 909 293 $144,326
VA 51 32 4 $291,471
FHA 33 19 6 $162,576

Top loan types - Scott Credit Union

Top loan types - Scott Credit Union Horizontal bar chart of the top 3 items by value (applications). Top loan types - Scott Credit Union Top 3 1. Conventional 1,321 2. VA 51 3. FHA 33 Top 5 loan types by application volume at Scott Credit Union (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Scott Credit Union (LEI: 5493000D7DINI9PZN749) · 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

Other
145
Debt-to-income ratio
138
Credit history
118
Collateral
70
Unverifiable information
15
Employment history
9
Credit application incomplete
7
Insufficient cash
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 527 431 $241,945
Home Improvement 348 211 $60,661
Other 244 135 $57,951
Cash-out Refinancing 176 115 $138,466
Refinancing 110 68 $216,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,102 71.2% 19.0%
Black or African American 118 55.1% 37.3%
Joint * 21 85.7% 14.3%
Asian * 18 55.6% 33.3%
American Indian or Alaska Native * 5 60.0% 20.0%
2 or more minority races * 3 33.3% 66.7%
Native Hawaiian or Other Pacific Islander * 2 50.0% 50.0%

* 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 1,173 70.0% 20.4%
Joint * 24 70.8% 20.8%
Hispanic or Latino * 21 57.1% 33.3%

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

Nearby Lenders in IL

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

Guaranteed Rate, INC.

CHICAGO, IL

124,492 apps 62,820 originated 5.1% denied

BMO Harris Bank NA

Chicago, IL

42,165 apps 18,166 originated 29.4% denied

Mutual of Omaha Mortgage

Lombard, IL

34,393 apps 19,951 originated 20.2% denied

Guaranteed Rate Affinity, LLC

CHICAGO, IL

21,826 apps 14,587 originated 6.0% denied

The Federal Savings Bank

CHICAGO, IL

20,656 apps 8,146 originated 9.3% denied
Compare Scott Credit Union vs Guaranteed Rate, INC. →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Scott Credit Union process?
Scott Credit Union processed 1,405 mortgage applications in the 2024 HMDA reporting year. Of these, 960 were originated (approved and funded), 126 were withdrawn by the applicant, and 303 were denied.
What is Scott Credit Union's mortgage approval rate?
Scott Credit Union has an approval (origination) rate of 68.3%, meaning 68.3% of all applications resulted in a funded mortgage. The denial rate is 21.6%.
What is the average loan amount at Scott Credit Union?
The average mortgage loan amount at Scott Credit Union is $150,096. The average interest rate is 7.338%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at Scott Credit Union?
The most common reasons for mortgage denial at Scott Credit Union are: Other, Debt-to-income ratio, Credit history. In total, 303 applications were denied out of 1,405 total applications.
What types of mortgage loans does Scott Credit Union offer?
Scott Credit Union processes Conventional, VA, FHA loans. The most common type is Conventional with 1,321 applications and an average loan amount of $144,326.
What loan purposes does Scott Credit Union serve?
Scott Credit Union serves the following loan purposes: Home Purchase (527 applications), Home Improvement (348 applications), Other (244 applications), Cash-out Refinancing (176 applications), Refinancing (110 applications). Home Purchase is the most common purpose.
Where is Scott Credit Union located?
Scott Credit Union is headquartered in EDWARDSVILLE, IL. The lender is identified by LEI 5493000D7DINI9PZN749 in HMDA data.
How does Scott Credit Union compare in lending across racial demographics?
Scott Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 71.2% and denial rate of 19.0%; Black or African American applicants have an approval rate of 55.1% and denial rate of 37.3%; Joint applicants have an approval rate of 85.7% and denial rate of 14.3%. 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.

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.