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ServU Federal Credit Union

Painted Post, NY

ServU Federal Credit Union processed 539 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 351 loans with a 11.9% denial rate. Other was the primary loan purpose. Based in Painted Post, NY. The approval rate of 65.1% 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. ServU Federal Credit Union processed 539 HMDA-reported mortgage applications in 2024, originating 351 loans and denying 64 for a denial rate of 11.9% (applicants themselves withdrew 55 files before a decision). The average loan amount was $85,167. The lender reports under LEI 5493006MFBT1AI7V3W25 from Painted Post, NY.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. ServU Federal Credit Union's 65.1% origination rate tells you how often an application turned into funded money; the 11.9% denial rate is a separate read on underwriting strictness. Most activity concentrated in Conventional loans (539 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.

539
Applications
351
Originated
11.9%
Denial Rate
$85,167
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 539 351 64 $85,167

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for ServU Federal Credit Union (LEI: 5493006MFBT1AI7V3W25) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 170 123 $62,706
Home Purchase 157 52 $117,611
Home Improvement 83 68 $69,699
Refinancing 72 59 $100,972
Cash-out Refinancing 57 49 $65,351

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 534 65.2% 12.0%
American Indian or Alaska Native 2 50.0% 0.0%
Joint 2 50.0% 0.0%
Black or African American 1 100.0% 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 535 65.2% 12.0%
Hispanic or Latino 2 50.0% 0.0%
Joint 2 50.0% 0.0%

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 ServU Federal Credit Union vs Citibank, NA →

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 ServU Federal Credit Union process?
ServU Federal Credit Union processed 539 mortgage applications in the 2023 HMDA reporting year. Of these, 351 were originated (approved and funded), 55 were withdrawn by the applicant, and 64 were denied.
What is ServU Federal Credit Union's mortgage approval rate?
ServU Federal Credit Union has an approval (origination) rate of 65.1%, meaning 65.1% of all applications resulted in a funded mortgage. The denial rate is 11.9%.
What is the average loan amount at ServU Federal Credit Union?
The average mortgage loan amount at ServU Federal Credit Union is $85,167.
What types of mortgage loans does ServU Federal Credit Union offer?
ServU Federal Credit Union processes Conventional loans. The most common type is Conventional with 539 applications and an average loan amount of $85,167.
What loan purposes does ServU Federal Credit Union serve?
ServU Federal Credit Union serves the following loan purposes: Other (170 applications), Home Purchase (157 applications), Home Improvement (83 applications), Refinancing (72 applications), Cash-out Refinancing (57 applications). Other is the most common purpose.
Where is ServU Federal Credit Union located?
ServU Federal Credit Union is headquartered in Painted Post, NY. The lender is identified by LEI 5493006MFBT1AI7V3W25 in HMDA data.
How does ServU Federal Credit Union compare in lending across racial demographics?
ServU Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 65.2% and denial rate of 12.0%; American Indian or Alaska Native applicants have an approval rate of 50.0% and denial rate of 0.0%; 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.