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Union Square Credit Union

Wichita Falls, TX

Union Square Credit Union processed 376 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 296 loans with a 8.0% denial rate. Home Purchase was the primary loan purpose. Based in Wichita Falls, TX. The approval rate of 78.7% 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. Union Square Credit Union processed 376 HMDA-reported mortgage applications in 2024, originating 296 loans and denying 30 for a denial rate of 8.0% (applicants themselves withdrew 44 files before a decision). The average loan amount was $190,372 at a 7.371% average note rate, and applicants self-reported an average income of $39,000. The lender reports under LEI 549300Z2FPZZD55OG155 from Wichita Falls, TX.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Union Square Credit Union's 78.7% origination rate tells you how often an application turned into funded money; the 8.0% 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, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (300 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.

376
Applications
296
Originated
8.0%
Denial Rate
$190,372
Avg Loan Amount
Avg Interest Rate: 7.371% Avg Applicant Income: $39,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 300 232 24 $177,733
FHA 57 47 5 $180,263
VA 19 17 1 $420,263

Top loan types — Union Square Credit Union

Top loan types — Union Square Credit Union Horizontal bar chart of the top 3 items by value (applications). Top loan types — Union Square Credit Union Top 3 1. Conventional 300 2. FHA 57 3. VA 19 Top 5 loan types by application volume at Union Square Credit Union (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Union Square Credit Union (LEI: 549300Z2FPZZD55OG155) · 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

Credit history
11
Debt-to-income ratio
7
Other
5
Collateral
4
Employment history
2
Unverifiable information
1
Insufficient cash
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 247 206 $194,798
Refinancing 55 42 $197,909
Cash-out Refinancing 41 24 $186,220
Other 19 11 $160,789
Home Improvement 14 13 $135,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 264 79.2% 6.1%
Black or African American 7 71.4% 0.0%
Asian 6 66.7% 0.0%
Joint 6 83.3% 0.0%
American Indian or Alaska Native 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 235 79.6% 6.4%
Hispanic or Latino 39 66.7% 10.3%
Joint 16 75.0% 0.0%

Nearby Lenders in TX

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

Nationstar Mortgage

Coppell, TX

110,111 apps 41,693 originated 9.2% denied

DHI Mortgage Company, LTD.

Austin, TX

96,056 apps 70,673 originated 10.3% denied

PRIMELENDING

DALLAS, TX

36,578 apps 25,147 originated 5.3% denied

Credit Human Federal Credit Un

San Antonio, TX

28,052 apps 2,953 originated 75.7% denied

USAA BANK

SAN ANTONIO, TX

28,020 apps 13,205 originated 23.5% denied
Compare Union Square Credit Union vs Nationstar Mortgage →

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 Union Square Credit Union process?
Union Square Credit Union processed 376 mortgage applications in the 2023 HMDA reporting year. Of these, 296 were originated (approved and funded), 44 were withdrawn by the applicant, and 30 were denied.
What is Union Square Credit Union's mortgage approval rate?
Union Square Credit Union has an approval (origination) rate of 78.7%, meaning 78.7% of all applications resulted in a funded mortgage. The denial rate is 8.0%.
What is the average loan amount at Union Square Credit Union?
The average mortgage loan amount at Union Square Credit Union is $190,372. The average interest rate is 7.371%. The average applicant income is $39,000.
What are the most common reasons for mortgage denial at Union Square Credit Union?
The most common reasons for mortgage denial at Union Square Credit Union are: Credit history, Debt-to-income ratio, Other. In total, 30 applications were denied out of 376 total applications.
What types of mortgage loans does Union Square Credit Union offer?
Union Square Credit Union processes Conventional, FHA, VA loans. The most common type is Conventional with 300 applications and an average loan amount of $177,733.
What loan purposes does Union Square Credit Union serve?
Union Square Credit Union serves the following loan purposes: Home Purchase (247 applications), Refinancing (55 applications), Cash-out Refinancing (41 applications), Other (19 applications), Home Improvement (14 applications). Home Purchase is the most common purpose.
Where is Union Square Credit Union located?
Union Square Credit Union is headquartered in Wichita Falls, TX. The lender is identified by LEI 549300Z2FPZZD55OG155 in HMDA data.
How does Union Square Credit Union compare in lending across racial demographics?
Union Square Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 79.2% and denial rate of 6.1%; Black or African American applicants have an approval rate of 71.4% and denial rate of 0.0%; Asian applicants have an approval rate of 66.7% 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.