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Spokane Teachers Credit Union

LIBERTY LAKE, WA

Spokane Teachers Credit Union processed 3,632 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 2,092 loans with a 21.0% denial rate. Home Improvement was the primary loan purpose. Based in LIBERTY LAKE, WA. The approval rate of 57.6% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Spokane Teachers Credit Union's 57.6% origination rate tells you how often an application turned into funded money; the 21.0% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Other, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (3,578 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.

3,632
Applications
2,092
Originated
21.0%
Denial Rate
$149,741
Avg Loan Amount
Avg Interest Rate: 8.802% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 3,578 2,092 754 $147,188
FHA 43 0 7 $306,395
VA 11 0 1 $367,727

Top loan types - Spokane Teachers Credit Union

Top loan types - Spokane Teachers Credit Union Horizontal bar chart of the top 3 items by value (applications). Top loan types - Spokane Teachers Credit Union Top 3 1. Conventional 3,578 2. FHA 43 3. VA 11 Top 5 loan types by application volume at Spokane Teachers 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 Spokane Teachers Credit Union (LEI: 549300TUSRLWD8ETNR90) · 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
350
Other
283
Collateral
179
Credit application incomplete
158
Credit history
156
Employment history
36
Unverifiable information
20
Insufficient cash
6

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 1,201 755 $78,730
Other 863 477 $76,124
Home Purchase 792 419 $326,793
Refinancing 572 347 $133,706
Cash-out Refinancing 204 94 $236,814

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 2,885 59.1% 19.6%
Joint 95 60.0% 16.8%
American Indian or Alaska Native 55 52.7% 20.0%
Asian * 44 50.0% 29.6%
Black or African American * 36 41.7% 33.3%
Native Hawaiian or Other Pacific Islander * 5 40.0% 20.0%
2 or more minority races * 2 100.0% 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 2,822 59.4% 19.2%
Hispanic or Latino 169 38.5% 33.1%
Joint 114 55.3% 20.2%

Nearby Lenders in WA

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

Coastal Community Bank

Everett, WA

64,233 apps 15,099 originated 1.6% denied

Boeing Employees' Credit Union

Tukwila, WA

21,382 apps 13,093 originated 24.6% denied

Evergreen Moneysource Mortgage Company

BELLEVUE, WA

6,824 apps 4,791 originated 3.0% denied

Banner Bank

Walla Walla, WA

6,099 apps 3,140 originated 33.5% denied

WSECU

OLYMPIA, WA

4,133 apps 1,960 originated 42.2% denied
Compare Spokane Teachers Credit Union vs Coastal Community Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Spokane Teachers Credit Union process?
Spokane Teachers Credit Union processed 3,632 mortgage applications in the 2024 HMDA reporting year. Of these, 2,092 were originated (approved and funded), 614 were withdrawn by the applicant, and 762 were denied.
What is Spokane Teachers Credit Union's mortgage approval rate?
Spokane Teachers Credit Union has an approval (origination) rate of 57.6%, meaning 57.6% of all applications resulted in a funded mortgage. The denial rate is 21.0%.
What is the average loan amount at Spokane Teachers Credit Union?
The average mortgage loan amount at Spokane Teachers Credit Union is $149,741. The average interest rate is 8.802%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at Spokane Teachers Credit Union?
The most common reasons for mortgage denial at Spokane Teachers Credit Union are: Debt-to-income ratio, Other, Collateral. In total, 762 applications were denied out of 3,632 total applications.
What types of mortgage loans does Spokane Teachers Credit Union offer?
Spokane Teachers Credit Union processes Conventional, FHA, VA loans. The most common type is Conventional with 3,578 applications and an average loan amount of $147,188.
What loan purposes does Spokane Teachers Credit Union serve?
Spokane Teachers Credit Union serves the following loan purposes: Home Improvement (1,201 applications), Other (863 applications), Home Purchase (792 applications), Refinancing (572 applications), Cash-out Refinancing (204 applications). Home Improvement is the most common purpose.
Where is Spokane Teachers Credit Union located?
Spokane Teachers Credit Union is headquartered in LIBERTY LAKE, WA. The lender is identified by LEI 549300TUSRLWD8ETNR90 in HMDA data.
How does Spokane Teachers Credit Union compare in lending across racial demographics?
Spokane Teachers Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 59.1% and denial rate of 19.6%; Joint applicants have an approval rate of 60.0% and denial rate of 16.8%; American Indian or Alaska Native applicants have an approval rate of 52.7% and denial rate of 20.0%. 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.