PlainLender

SECNY Federal Credit Union

Syracuse, NY

SECNY Federal Credit Union processed 116 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 92 loans with a 12.1% denial rate. Home Purchase was the primary loan purpose. Based in Syracuse, NY. The approval rate of 79.3% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. SECNY Federal Credit Union's 79.3% origination rate tells you how often an application turned into funded money; the 12.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Insufficient cash, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (116 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.

116
Applications
92
Originated
12.1%
Denial Rate
$131,207
Avg Loan Amount
Avg Interest Rate: 6.490% Avg Applicant Income: $33,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 116 92 14 $131,207

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for SECNY Federal Credit Union (LEI: 254900RKU25JCJEP4R59) · 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 Approval rates exclude withdrawn / incomplete applications.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

Debt-to-income ratio
7
Insufficient cash
3
Credit history
2
Other
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 44 28 $197,727
Home Improvement 38 35 $58,421
Refinancing 29 25 $118,793
Cash-out Refinancing 3 2 $221,667
Other 2 2 $95,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 104 80.8% 10.6%
Black or African American * 6 50.0% 50.0%
Joint * 2 50.0% 0.0%
Asian * 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 107 79.4% 12.2%
Joint * 5 80.0% 20.0%

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

Nearby Lenders in NY

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

Citibank, NA

New York, NY

54,575 apps 14,104 originated 8.6% denied

M&T Bank

BUFFALO, NY

36,377 apps 20,743 originated 30.9% denied

Loan Funder LLC

New York, NY

23,955 apps 10,690 originated 11.6% denied

Bethpage Federal Credit Union

BETHPAGE, NY

21,186 apps 9,086 originated 44.3% denied

Better Mortgage Corporation

New York, NY

18,219 apps 5,450 originated 11.3% denied
Compare SECNY Federal Credit Union vs Citibank, NA →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did SECNY Federal Credit Union process?
SECNY Federal Credit Union processed 116 mortgage applications in the 2024 HMDA reporting year. Of these, 92 were originated (approved and funded), 9 were withdrawn by the applicant, and 14 were denied.
What is SECNY Federal Credit Union's mortgage approval rate?
SECNY Federal Credit Union has an approval (origination) rate of 79.3%, meaning 79.3% of all applications resulted in a funded mortgage. The denial rate is 12.1%.
What is the average loan amount at SECNY Federal Credit Union?
The average mortgage loan amount at SECNY Federal Credit Union is $131,207. The average interest rate is 6.490%. The average applicant income is $33,000.
What are the most common reasons for mortgage denial at SECNY Federal Credit Union?
The most common reasons for mortgage denial at SECNY Federal Credit Union are: Debt-to-income ratio, Insufficient cash, Credit history. In total, 14 applications were denied out of 116 total applications.
What types of mortgage loans does SECNY Federal Credit Union offer?
SECNY Federal Credit Union processes Conventional loans. The most common type is Conventional with 116 applications and an average loan amount of $131,207.
What loan purposes does SECNY Federal Credit Union serve?
SECNY Federal Credit Union serves the following loan purposes: Home Purchase (44 applications), Home Improvement (38 applications), Refinancing (29 applications), Cash-out Refinancing (3 applications), Other (2 applications). Home Purchase is the most common purpose.
Where is SECNY Federal Credit Union located?
SECNY Federal Credit Union is headquartered in Syracuse, NY. The lender is identified by LEI 254900RKU25JCJEP4R59 in HMDA data.
How does SECNY Federal Credit Union compare in lending across racial demographics?
SECNY Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 80.8% and denial rate of 10.6%; Black or African American applicants have an approval rate of 50.0% and denial rate of 50.0%; Joint applicants have an approval rate of 50.0% and denial rate of 0.0%. 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.