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True Sky Federal Credit Union

OKLAHOMA CITY, OK

True Sky Federal Credit Union processed 384 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 163 loans with a 32.5% denial rate. Other was the primary loan purpose. Based in OKLAHOMA CITY, OK. The approval rate of 42.4% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. True Sky Federal Credit Union's 42.4% origination rate tells you how often an application turned into funded money; the 32.5% 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 (383 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.

384
Applications
163
Originated
32.5%
Denial Rate
$115,703
Avg Loan Amount
Avg Interest Rate: 7.304% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 383 163 125 $115,470
USDA 1 0 0 $205,000

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for True Sky Federal Credit Union (LEI: 549300M2HFFTNLBO7R56) · 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 Approval rates exclude withdrawn / incomplete applications.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

Credit history
62
Debt-to-income ratio
31
Credit application incomplete
18
Other
6
Collateral
6
Unverifiable information
4
Insufficient cash
3
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 147 67 $70,646
Home Purchase 93 35 $225,108
Refinancing 72 17 $80,000
Cash-out Refinancing 67 42 $105,448
Home Improvement 5 2 $57,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 131 41.2% 32.1%
Native Hawaiian or Other Pacific Islander * 14 28.6% 50.0%
Black or African American * 13 53.9% 38.5%
American Indian or Alaska Native * 9 22.2% 22.2%
Joint * 9 66.7% 11.1%
Asian * 7 28.6% 28.6%

* 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 118 44.9% 25.4%
Hispanic or Latino 60 21.7% 53.3%
Joint * 5 60.0% 40.0%

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

Nearby Lenders in OK

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

Arvest Bank

TULSA, OK

20,066 apps 12,946 originated 16.2% denied

MidFirst Bank

Oklahoma City, OK

14,527 apps 1,920 originated 2.8% denied

Gateway First Bank

JENKS, OK

13,103 apps 8,366 originated 4.3% denied

Finance of America Reverse LLC

TULSA, OK

12,910 apps 8,638 originated 8.3% denied

Bokf NA

TULSA, OK

11,220 apps 5,852 originated 27.4% denied
Compare True Sky Federal Credit Union vs Arvest Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did True Sky Federal Credit Union process?
True Sky Federal Credit Union processed 384 mortgage applications in the 2024 HMDA reporting year. Of these, 163 were originated (approved and funded), 90 were withdrawn by the applicant, and 125 were denied.
What is True Sky Federal Credit Union's mortgage approval rate?
True Sky Federal Credit Union has an approval (origination) rate of 42.4%, meaning 42.4% of all applications resulted in a funded mortgage. The denial rate is 32.5%.
What is the average loan amount at True Sky Federal Credit Union?
The average mortgage loan amount at True Sky Federal Credit Union is $115,703. The average interest rate is 7.304%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at True Sky Federal Credit Union?
The most common reasons for mortgage denial at True Sky Federal Credit Union are: Credit history, Debt-to-income ratio, Credit application incomplete. In total, 125 applications were denied out of 384 total applications.
What types of mortgage loans does True Sky Federal Credit Union offer?
True Sky Federal Credit Union processes Conventional, USDA loans. The most common type is Conventional with 383 applications and an average loan amount of $115,470.
What loan purposes does True Sky Federal Credit Union serve?
True Sky Federal Credit Union serves the following loan purposes: Other (147 applications), Home Purchase (93 applications), Refinancing (72 applications), Cash-out Refinancing (67 applications), Home Improvement (5 applications). Other is the most common purpose.
Where is True Sky Federal Credit Union located?
True Sky Federal Credit Union is headquartered in OKLAHOMA CITY, OK. The lender is identified by LEI 549300M2HFFTNLBO7R56 in HMDA data.
How does True Sky Federal Credit Union compare in lending across racial demographics?
True Sky Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 41.2% and denial rate of 32.1%; Native Hawaiian or Other Pacific Islander applicants have an approval rate of 28.6% and denial rate of 50.0%; Black or African American applicants have an approval rate of 53.9% and denial rate of 38.5%. 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.