PlainLender

TWINSTAR CREDIT UNION

OLYMPIA, WA

TWINSTAR CREDIT UNION processed 2,280 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,183 loans with a 30.4% denial rate. Other was the primary loan purpose. Based in OLYMPIA, WA. The approval rate of 51.9% 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. TWINSTAR CREDIT UNION processed 2,280 HMDA-reported mortgage applications in 2024, originating 1,183 loans and denying 694 for a denial rate of 30.4% (applicants themselves withdrew 216 files before a decision). The average loan amount was $166,838 at a 8.276% average note rate, and applicants self-reported an average income of $36,000. The lender reports under LEI 549300UBGGLZLZEY0M18 from OLYMPIA, WA.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. TWINSTAR CREDIT UNION's 51.9% origination rate tells you how often an application turned into funded money; the 30.4% 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 (2,268 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.

2,280
Applications
1,183
Originated
30.4%
Denial Rate
$166,838
Avg Loan Amount
Avg Interest Rate: 8.276% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 2,268 1,178 693 $165,838
VA 12 5 1 $355,833

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for TWINSTAR CREDIT UNION (LEI: 549300UBGGLZLZEY0M18) · 2023 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
416
Debt-to-income ratio
323
Credit history
207
Collateral
106
Unverifiable information
32
Employment history
31
Insufficient cash
7
Credit application incomplete
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 904 415 $88,175
Home Improvement 742 440 $84,151
Home Purchase 336 182 $429,107
Refinancing 192 106 $336,250
Cash-out Refinancing 106 40 $278,302

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,802 52.5% 30.4%
Joint 88 60.2% 27.3%
Asian 49 46.9% 36.7%
American Indian or Alaska Native 28 60.7% 35.7%
Black or African American 26 42.3% 26.9%
Native Hawaiian or Other Pacific Islander 8 25.0% 62.5%
2 or more minority races 5 40.0% 40.0%

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 1,758 53.2% 30.0%
Hispanic or Latino 126 37.3% 45.2%
Joint 80 58.8% 31.3%

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 TWINSTAR CREDIT UNION vs Coastal Community Bank →

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 TWINSTAR CREDIT UNION process?
TWINSTAR CREDIT UNION processed 2,280 mortgage applications in the 2023 HMDA reporting year. Of these, 1,183 were originated (approved and funded), 216 were withdrawn by the applicant, and 694 were denied.
What is TWINSTAR CREDIT UNION's mortgage approval rate?
TWINSTAR CREDIT UNION has an approval (origination) rate of 51.9%, meaning 51.9% of all applications resulted in a funded mortgage. The denial rate is 30.4%.
What is the average loan amount at TWINSTAR CREDIT UNION?
The average mortgage loan amount at TWINSTAR CREDIT UNION is $166,838. The average interest rate is 8.276%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at TWINSTAR CREDIT UNION?
The most common reasons for mortgage denial at TWINSTAR CREDIT UNION are: Other, Debt-to-income ratio, Credit history. In total, 694 applications were denied out of 2,280 total applications.
What types of mortgage loans does TWINSTAR CREDIT UNION offer?
TWINSTAR CREDIT UNION processes Conventional, VA loans. The most common type is Conventional with 2,268 applications and an average loan amount of $165,838.
What loan purposes does TWINSTAR CREDIT UNION serve?
TWINSTAR CREDIT UNION serves the following loan purposes: Other (904 applications), Home Improvement (742 applications), Home Purchase (336 applications), Refinancing (192 applications), Cash-out Refinancing (106 applications). Other is the most common purpose.
Where is TWINSTAR CREDIT UNION located?
TWINSTAR CREDIT UNION is headquartered in OLYMPIA, WA. The lender is identified by LEI 549300UBGGLZLZEY0M18 in HMDA data.
How does TWINSTAR CREDIT UNION compare in lending across racial demographics?
TWINSTAR CREDIT UNION reports demographic lending data under HMDA requirements. White applicants have an approval rate of 52.5% and denial rate of 30.4%; Joint applicants have an approval rate of 60.2% and denial rate of 27.3%; Asian applicants have an approval rate of 46.9% and denial rate of 36.7%. 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.