PlainLender

VERVE, A CREDIT UNION

OSHKOSH, WI

VERVE, A CREDIT UNION processed 1,136 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 679 loans with a 10.7% denial rate. Home Purchase was the primary loan purpose. Based in OSHKOSH, WI. The approval rate of 59.8% 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. VERVE, A CREDIT UNION processed 1,136 HMDA-reported mortgage applications in 2024, originating 679 loans and denying 121 for a denial rate of 10.7% (applicants themselves withdrew 92 files before a decision). The average loan amount was $192,535 at a 7.479% average note rate, and applicants self-reported an average income of $34,000. The lender reports under LEI 549300P6ZERWX5BPWX45 from OSHKOSH, WI.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. VERVE, A CREDIT UNION's 59.8% origination rate tells you how often an application turned into funded money; the 10.7% 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 (1,134 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.

1,136
Applications
679
Originated
10.7%
Denial Rate
$192,535
Avg Loan Amount
Avg Interest Rate: 7.479% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,134 679 121 $192,593
FHA 2 0 0 $160,000

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for VERVE, A CREDIT UNION (LEI: 549300P6ZERWX5BPWX45) · 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

Debt-to-income ratio
57
Credit history
56
Other
28
Collateral
8
Insufficient cash
7
Credit application incomplete
4
Employment history
3
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 368 159 $301,386
Home Improvement 338 260 $67,041
Other 290 159 $88,966
Cash-out Refinancing 83 59 $140,301
Refinancing 57 42 $836,930

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 813 64.7% 11.1%
Joint 24 45.8% 16.7%
Asian 18 33.3% 11.1%
Black or African American 7 14.3% 14.3%
American Indian or Alaska Native 4 75.0% 0.0%
Native Hawaiian or Other Pacific Islander 2 0.0% 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 828 63.2% 11.0%
Hispanic or Latino 19 47.4% 15.8%
Joint 13 76.9% 7.7%

Nearby Lenders in WI

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

FAIRWAY INDEPENDENT MORT CORP

MADISON, WI

102,501 apps 74,401 originated 4.7% denied

Summit Credit Union

Cottage Grove, WI

15,990 apps 9,929 originated 10.9% denied

UW CREDIT UNION

MADISON, WI

11,177 apps 8,477 originated 12.3% denied

Associated Bank NA

Green Bay, WI

10,999 apps 6,532 originated 24.4% denied

WATERSTONE MORTGAGE CORPORATION

BROOKFIELD, WI

10,792 apps 7,819 originated 4.5% denied
Compare VERVE, A CREDIT UNION vs FAIRWAY INDEPENDENT MORT CORP →

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 VERVE, A CREDIT UNION process?
VERVE, A CREDIT UNION processed 1,136 mortgage applications in the 2023 HMDA reporting year. Of these, 679 were originated (approved and funded), 92 were withdrawn by the applicant, and 121 were denied.
What is VERVE, A CREDIT UNION's mortgage approval rate?
VERVE, A CREDIT UNION has an approval (origination) rate of 59.8%, meaning 59.8% of all applications resulted in a funded mortgage. The denial rate is 10.7%.
What is the average loan amount at VERVE, A CREDIT UNION?
The average mortgage loan amount at VERVE, A CREDIT UNION is $192,535. The average interest rate is 7.479%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at VERVE, A CREDIT UNION?
The most common reasons for mortgage denial at VERVE, A CREDIT UNION are: Debt-to-income ratio, Credit history, Other. In total, 121 applications were denied out of 1,136 total applications.
What types of mortgage loans does VERVE, A CREDIT UNION offer?
VERVE, A CREDIT UNION processes Conventional, FHA loans. The most common type is Conventional with 1,134 applications and an average loan amount of $192,593.
What loan purposes does VERVE, A CREDIT UNION serve?
VERVE, A CREDIT UNION serves the following loan purposes: Home Purchase (368 applications), Home Improvement (338 applications), Other (290 applications), Cash-out Refinancing (83 applications), Refinancing (57 applications). Home Purchase is the most common purpose.
Where is VERVE, A CREDIT UNION located?
VERVE, A CREDIT UNION is headquartered in OSHKOSH, WI. The lender is identified by LEI 549300P6ZERWX5BPWX45 in HMDA data.
How does VERVE, A CREDIT UNION compare in lending across racial demographics?
VERVE, A CREDIT UNION reports demographic lending data under HMDA requirements. White applicants have an approval rate of 64.7% and denial rate of 11.1%; Joint applicants have an approval rate of 45.8% and denial rate of 16.7%; Asian applicants have an approval rate of 33.3% and denial rate of 11.1%. 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.