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Utah Power Credit Union

Salt Lake City, UT

Utah Power Credit Union processed 157 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 136 loans with a 3.2% denial rate. Other was the primary loan purpose. Based in Salt Lake City, UT. The approval rate of 86.6% 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. Utah Power Credit Union processed 157 HMDA-reported mortgage applications in 2024, originating 136 loans and denying 5 for a denial rate of 3.2% (applicants themselves withdrew 16 files before a decision). The average loan amount was $186,783 at a 6.398% average note rate, and applicants self-reported an average income of $31,000. The lender reports under LEI 549300TTK5T7CZ3UJ084 from Salt Lake City, UT.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Utah Power Credit Union's 86.6% origination rate tells you how often an application turned into funded money; the 3.2% 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 (155 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.

157
Applications
136
Originated
3.2%
Denial Rate
$186,783
Avg Loan Amount
Avg Interest Rate: 6.398% Avg Applicant Income: $31,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 155 134 5 $186,935
FHA 1 1 0 $45,000
VA 1 1 0 $305,000

Top loan types — Utah Power Credit Union

Top loan types — Utah Power Credit Union Horizontal bar chart of the top 3 items by value (applications). Top loan types — Utah Power Credit Union Top 3 1. Conventional 155 2. FHA 1 3. VA 1 Top 5 loan types by application volume at Utah Power 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 Utah Power Credit Union (LEI: 549300TTK5T7CZ3UJ084) · 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
3
Debt-to-income ratio
1
Credit history
1
Collateral
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 89 80 $77,697
Home Purchase 37 28 $328,784
Refinancing 27 25 $320,926
Cash-out Refinancing 4 3 $395,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 133 85.7% 2.3%
Joint 2 100.0% 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 110 86.4% 1.8%
Hispanic or Latino 7 71.4% 14.3%
Joint 5 80.0% 0.0%

Nearby Lenders in UT

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

AMERICA FIRST FEDERAL CREDIT UNION

ROY, UT

22,439 apps 16,009 originated 19.8% denied

MOUNTAIN AMERICA FEDERAL CREDIT UNION

SANDY, UT

21,793 apps 9,806 originated 33.0% denied

SOFI BANK, NATIONAL ASSOCIATION

COTTONWOOD HEIGHTS, UT

15,489 apps 5,867 originated 16.7% denied

Primary Residential Mortgage, INC.

Salt Lake City, UT

15,310 apps 10,659 originated 5.4% denied

CANOPY MORTGAGE, LLC

LINDON, UT

10,605 apps 6,489 originated 2.3% denied
Compare Utah Power Credit Union vs AMERICA FIRST FEDERAL CREDIT UNION →

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

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Frequently Asked Questions

How many mortgage applications did Utah Power Credit Union process?
Utah Power Credit Union processed 157 mortgage applications in the 2023 HMDA reporting year. Of these, 136 were originated (approved and funded), 16 were withdrawn by the applicant, and 5 were denied.
What is Utah Power Credit Union's mortgage approval rate?
Utah Power Credit Union has an approval (origination) rate of 86.6%, meaning 86.6% of all applications resulted in a funded mortgage. The denial rate is 3.2%.
What is the average loan amount at Utah Power Credit Union?
The average mortgage loan amount at Utah Power Credit Union is $186,783. The average interest rate is 6.398%. The average applicant income is $31,000.
What are the most common reasons for mortgage denial at Utah Power Credit Union?
The most common reasons for mortgage denial at Utah Power Credit Union are: Other, Debt-to-income ratio, Credit history. In total, 5 applications were denied out of 157 total applications.
What types of mortgage loans does Utah Power Credit Union offer?
Utah Power Credit Union processes Conventional, FHA, VA loans. The most common type is Conventional with 155 applications and an average loan amount of $186,935.
What loan purposes does Utah Power Credit Union serve?
Utah Power Credit Union serves the following loan purposes: Other (89 applications), Home Purchase (37 applications), Refinancing (27 applications), Cash-out Refinancing (4 applications). Other is the most common purpose.
Where is Utah Power Credit Union located?
Utah Power Credit Union is headquartered in Salt Lake City, UT. The lender is identified by LEI 549300TTK5T7CZ3UJ084 in HMDA data.
How does Utah Power Credit Union compare in lending across racial demographics?
Utah Power Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 85.7% and denial rate of 2.3%; Joint applicants have an approval rate of 100.0% and denial rate of 0.0%; American Indian or Alaska Native applicants have an approval rate of 100.0% 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.