PlainLender

WESTCONSIN CREDIT UNION

MENOMONIE, WI

WESTCONSIN CREDIT UNION processed 1,950 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,225 loans with a 16.8% denial rate. Home Purchase was the primary loan purpose. Based in MENOMONIE, WI. The approval rate of 62.8% 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. WESTCONSIN CREDIT UNION processed 1,950 HMDA-reported mortgage applications in 2024, originating 1,225 loans and denying 328 for a denial rate of 16.8% (applicants themselves withdrew 249 files before a decision). The average loan amount was $143,826 at a 7.891% average note rate, and applicants self-reported an average income of $35,000. The lender reports under LEI 254900X6OAHFW6BUT219 from MENOMONIE, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. WESTCONSIN CREDIT UNION's 62.8% origination rate tells you how often an application turned into funded money; the 16.8% 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 (1,922 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.

1,950
Applications
1,225
Originated
16.8%
Denial Rate
$143,826
Avg Loan Amount
Avg Interest Rate: 7.891% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,922 1,224 312 $142,716
USDA 28 1 16 $220,000

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for WESTCONSIN CREDIT UNION (LEI: 254900X6OAHFW6BUT219) · 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
183
Credit history
169
Other
83
Insufficient cash
37
Collateral
19
Employment history
15
Unverifiable information
6

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 626 323 $256,214
Home Improvement 528 380 $66,591
Cash-out Refinancing 364 241 $129,011
Other 351 229 $71,211
Refinancing 81 52 $159,938

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,762 62.0% 17.6%
Joint 24 66.7% 16.7%
Asian 9 44.4% 11.1%
Black or African American 5 40.0% 40.0%
American Indian or Alaska Native 4 25.0% 25.0%
Native Hawaiian or Other Pacific Islander 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 1,744 62.4% 17.3%
Joint 24 54.2% 25.0%
Hispanic or Latino 13 46.1% 38.5%

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 WESTCONSIN 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 WESTCONSIN CREDIT UNION process?
WESTCONSIN CREDIT UNION processed 1,950 mortgage applications in the 2023 HMDA reporting year. Of these, 1,225 were originated (approved and funded), 249 were withdrawn by the applicant, and 328 were denied.
What is WESTCONSIN CREDIT UNION's mortgage approval rate?
WESTCONSIN CREDIT UNION has an approval (origination) rate of 62.8%, meaning 62.8% of all applications resulted in a funded mortgage. The denial rate is 16.8%.
What is the average loan amount at WESTCONSIN CREDIT UNION?
The average mortgage loan amount at WESTCONSIN CREDIT UNION is $143,826. The average interest rate is 7.891%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at WESTCONSIN CREDIT UNION?
The most common reasons for mortgage denial at WESTCONSIN CREDIT UNION are: Debt-to-income ratio, Credit history, Other. In total, 328 applications were denied out of 1,950 total applications.
What types of mortgage loans does WESTCONSIN CREDIT UNION offer?
WESTCONSIN CREDIT UNION processes Conventional, USDA loans. The most common type is Conventional with 1,922 applications and an average loan amount of $142,716.
What loan purposes does WESTCONSIN CREDIT UNION serve?
WESTCONSIN CREDIT UNION serves the following loan purposes: Home Purchase (626 applications), Home Improvement (528 applications), Cash-out Refinancing (364 applications), Other (351 applications), Refinancing (81 applications). Home Purchase is the most common purpose.
Where is WESTCONSIN CREDIT UNION located?
WESTCONSIN CREDIT UNION is headquartered in MENOMONIE, WI. The lender is identified by LEI 254900X6OAHFW6BUT219 in HMDA data.
How does WESTCONSIN CREDIT UNION compare in lending across racial demographics?
WESTCONSIN CREDIT UNION reports demographic lending data under HMDA requirements. White applicants have an approval rate of 62.0% and denial rate of 17.6%; Joint applicants have an approval rate of 66.7% and denial rate of 16.7%; Asian applicants have an approval rate of 44.4% 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.