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Utilities Employees Credit Union

Wyomissing, PA

Utilities Employees Credit Union processed 903 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 618 loans with a 12.3% denial rate. Other was the primary loan purpose. Based in Wyomissing, PA. The approval rate of 68.4% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Utilities Employees Credit Union's 68.4% origination rate tells you how often an application turned into funded money; the 12.3% 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 (903 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.

903
Applications
618
Originated
12.3%
Denial Rate
$123,915
Avg Loan Amount
Avg Interest Rate: 7.099% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 903 618 111 $123,915

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Utilities Employees Credit Union (LEI: 549300AX5UMUZ61L1X54) · 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 Approval rates exclude withdrawn / incomplete applications.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
74
Debt-to-income ratio
21
Other
15
Insufficient cash
13
Collateral
13
Employment history
6
Credit application incomplete
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 354 254 $101,328
Home Improvement 303 221 $75,792
Home Purchase 151 83 $269,768
Cash-out Refinancing 67 45 $117,836
Refinancing 28 15 $158,214

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 767 70.1% 11.1%
Black or African American * 44 54.5% 27.3%
Joint * 7 85.7% 0.0%
Asian * 5 40.0% 20.0%
American Indian or Alaska Native * 1 0.0% 100.0%
Native Hawaiian or Other Pacific Islander * 1 100.0% 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 779 70.6% 10.9%
Hispanic or Latino * 35 42.9% 28.6%
Joint * 20 45.0% 30.0%

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

Nearby Lenders in PA

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

Newrez LLC

FORT WASHINGTON, PA

248,242 apps 52,121 originated 11.5% denied

Pnc Bank N.A.

Pittsburgh, PA

127,108 apps 56,830 originated 25.4% denied

Spring Eq, LLC

RADNOR, PA

104,263 apps 31,186 originated 54.8% denied

Nvr Mortgage Finance, INC.

PITTSBURGH, PA

23,698 apps 17,311 originated 17.1% denied

First National Bank of PA

PITTSBURGH, PA

22,946 apps 13,057 originated 25.0% denied
Compare Utilities Employees Credit Union vs Newrez LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Utilities Employees Credit Union process?
Utilities Employees Credit Union processed 903 mortgage applications in the 2024 HMDA reporting year. Of these, 618 were originated (approved and funded), 107 were withdrawn by the applicant, and 111 were denied.
What is Utilities Employees Credit Union's mortgage approval rate?
Utilities Employees Credit Union has an approval (origination) rate of 68.4%, meaning 68.4% of all applications resulted in a funded mortgage. The denial rate is 12.3%.
What is the average loan amount at Utilities Employees Credit Union?
The average mortgage loan amount at Utilities Employees Credit Union is $123,915. The average interest rate is 7.099%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at Utilities Employees Credit Union?
The most common reasons for mortgage denial at Utilities Employees Credit Union are: Credit history, Debt-to-income ratio, Other. In total, 111 applications were denied out of 903 total applications.
What types of mortgage loans does Utilities Employees Credit Union offer?
Utilities Employees Credit Union processes Conventional loans. The most common type is Conventional with 903 applications and an average loan amount of $123,915.
What loan purposes does Utilities Employees Credit Union serve?
Utilities Employees Credit Union serves the following loan purposes: Other (354 applications), Home Improvement (303 applications), Home Purchase (151 applications), Cash-out Refinancing (67 applications), Refinancing (28 applications). Other is the most common purpose.
Where is Utilities Employees Credit Union located?
Utilities Employees Credit Union is headquartered in Wyomissing, PA. The lender is identified by LEI 549300AX5UMUZ61L1X54 in HMDA data.
How does Utilities Employees Credit Union compare in lending across racial demographics?
Utilities Employees Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 70.1% and denial rate of 11.1%; Black or African American applicants have an approval rate of 54.5% and denial rate of 27.3%; Joint applicants have an approval rate of 85.7% 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.

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.