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United States Senate Federal Credit Union

WASHINGTON, DC

United States Senate Federal Credit Union processed 525 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 323 loans with a 18.9% denial rate. Home Improvement was the primary loan purpose. Based in WASHINGTON, DC. The approval rate of 61.5% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. United States Senate Federal Credit Union's 61.5% origination rate tells you how often an application turned into funded money; the 18.9% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (525 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.

525
Applications
323
Originated
18.9%
Denial Rate
$159,990
Avg Loan Amount
Avg Interest Rate: 8.143% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 525 323 99 $159,990

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for United States Senate Federal Credit Union (LEI: 549300TULDV69V2XKY60) · 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 Approval rates exclude withdrawn / incomplete applications.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
55
Credit history
42
Other
25
Collateral
12
Unverifiable information
2
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 317 205 $157,492
Other 119 63 $120,798
Refinancing 89 55 $221,292

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 261 65.9% 13.8%
Black or African American 64 40.6% 39.1%
Asian * 19 47.4% 15.8%
Joint * 10 80.0% 20.0%
American Indian or Alaska Native * 6 33.3% 33.3%
2 or more minority races * 1 0.0% 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 314 62.1% 16.6%
Hispanic or Latino * 42 54.8% 30.9%
Joint * 11 72.7% 9.1%

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

Nearby Lenders in DC

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

Bank Fund Staff Federal Credit

Washington, DC

1,680 apps 1,029 originated 10.4% denied

NorthMarq Capital Finance, L.L.C.

Washington, DC

115 apps 101 originated 2.6% denied

Industrial Bank

Washington, DC

109 apps 50 originated 44.0% denied

City First Bank, National Association

Washington, DC

101 apps 68 originated 21.8% denied

Idb Global Federal Credit Union

Washington, DC

93 apps 92 originated 0.0% denied
Compare United States Senate Federal Credit Union vs Bank Fund Staff Federal Credit →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did United States Senate Federal Credit Union process?
United States Senate Federal Credit Union processed 525 mortgage applications in the 2024 HMDA reporting year. Of these, 323 were originated (approved and funded), 29 were withdrawn by the applicant, and 99 were denied.
What is United States Senate Federal Credit Union's mortgage approval rate?
United States Senate Federal Credit Union has an approval (origination) rate of 61.5%, meaning 61.5% of all applications resulted in a funded mortgage. The denial rate is 18.9%.
What is the average loan amount at United States Senate Federal Credit Union?
The average mortgage loan amount at United States Senate Federal Credit Union is $159,990. The average interest rate is 8.143%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at United States Senate Federal Credit Union?
The most common reasons for mortgage denial at United States Senate Federal Credit Union are: Debt-to-income ratio, Credit history, Other. In total, 99 applications were denied out of 525 total applications.
What types of mortgage loans does United States Senate Federal Credit Union offer?
United States Senate Federal Credit Union processes Conventional loans. The most common type is Conventional with 525 applications and an average loan amount of $159,990.
What loan purposes does United States Senate Federal Credit Union serve?
United States Senate Federal Credit Union serves the following loan purposes: Home Improvement (317 applications), Other (119 applications), Refinancing (89 applications). Home Improvement is the most common purpose.
Where is United States Senate Federal Credit Union located?
United States Senate Federal Credit Union is headquartered in WASHINGTON, DC. The lender is identified by LEI 549300TULDV69V2XKY60 in HMDA data.
How does United States Senate Federal Credit Union compare in lending across racial demographics?
United States Senate Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 65.9% and denial rate of 13.8%; Black or African American applicants have an approval rate of 40.6% and denial rate of 39.1%; Asian applicants have an approval rate of 47.4% and denial rate of 15.8%. 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.