WHATCOM EDUCATIONAL CREDIT UNI
BELLINGHAM, WA
WHATCOM EDUCATIONAL CREDIT UNI processed 1,435 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 926 loans with a 19.4% denial rate. Home Improvement was the primary loan purpose. Based in BELLINGHAM, WA. The approval rate of 64.5% 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. WHATCOM EDUCATIONAL CREDIT UNI processed 1,435 HMDA-reported mortgage applications in 2024, originating 926 loans and denying 279 for a denial rate of 19.4% (applicants themselves withdrew 212 files before a decision). The average loan amount was $246,826 at a 7.792% average note rate, and applicants self-reported an average income of $36,000. The lender reports under LEI 5493003Q3L1PO9NBVK64 from BELLINGHAM, WA.
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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. WHATCOM EDUCATIONAL CREDIT UNI's 64.5% origination rate tells you how often an application turned into funded money; the 19.4% 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, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,420 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.
Lending Activity
| Type | Applications | Originated | Denied | Avg Loan |
|---|---|---|---|---|
| Conventional | 1,420 | 916 | 277 | $244,859 |
| VA | 14 | 10 | 1 | $440,714 |
| USDA | 1 | 0 | 1 | $325,000 |
Top loan types — WHATCOM EDUCATIONAL CREDIT UNI
Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for WHATCOM EDUCATIONAL CREDIT UNI (LEI: 5493003Q3L1PO9NBVK64) · 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
Loan Purpose Breakdown
| Purpose | Applications | Originated | Avg Loan |
|---|---|---|---|
| Home Improvement | 508 | 334 | $105,236 |
| Home Purchase | 377 | 251 | $471,658 |
| Other | 298 | 177 | $127,114 |
| Cash-out Refinancing | 218 | 144 | $230,459 |
| Refinancing | 34 | 20 | $1,023,529 |
Geographic Coverage — Lending by Race
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 1,116 | 67.4% | 17.6% |
| Asian | 47 | 53.2% | 31.9% |
| Joint | 37 | 67.6% | 21.6% |
| American Indian or Alaska Native | 13 | 53.9% | 38.5% |
| Native Hawaiian or Other Pacific Islander | 11 | 36.4% | 45.5% |
| 2 or more minority races | 6 | 16.7% | 66.7% |
| Black or African American | 4 | 50.0% | 25.0% |
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 | 1,115 | 67.0% | 18.0% |
| Hispanic or Latino | 60 | 40.0% | 40.0% |
| Joint | 37 | 73.0% | 21.6% |
Nearby Lenders in WA
Other HMDA-reporting lenders in WA with similar activity. Compare any two side-by-side.
Coastal Community Bank
Everett, WA
Boeing Employees' Credit Union
Tukwila, WA
EVERGREEN MONEYSOURCE MORTGAGE COMPANY
BELLEVUE, WA
Banner Bank
Walla Walla, WA
WSECU
OLYMPIA, WA
Mortgage Lending Guides
Frequently Asked Questions
How many mortgage applications did WHATCOM EDUCATIONAL CREDIT UNI process?
What is WHATCOM EDUCATIONAL CREDIT UNI's mortgage approval rate?
What is the average loan amount at WHATCOM EDUCATIONAL CREDIT UNI?
What are the most common reasons for mortgage denial at WHATCOM EDUCATIONAL CREDIT UNI?
What types of mortgage loans does WHATCOM EDUCATIONAL CREDIT UNI offer?
What loan purposes does WHATCOM EDUCATIONAL CREDIT UNI serve?
Where is WHATCOM EDUCATIONAL CREDIT UNI located?
How does WHATCOM EDUCATIONAL CREDIT UNI compare in lending across racial demographics?
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.