Mortgage lender · Bethalto, IL · LEI 549300OARXTADS0L8L11

1st Midamerica Credit Union review: approval odds, rates and grade (2025)

1st Midamerica Credit Union earns a D, weaker than most small mortgage lenders. It turned down 22.6% of the applications it decided on in 2025, which ranks in the 15th percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

702Applications2025
64.8%Originatedof applications
22.6%Decision denial ratenational 22.6%
Median ratenational 6.63%
$55MLoan volume4 states

1st Midamerica Credit Union at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

20.5%Denial rate (all applications)+2.53 pts vs national
22.6%Denial rate (decided applications)+0.05 pts vs national
64.8%Origination rate+6.78 pts vs national
9.0%Withdrawn by applicant
0.4%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$75,000Median loan amount
Median total loan costs
$90kMedian applicant income
Median loan-to-value
0High-cost (HOEPA) loans

How the D grade breaks down

Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

15th22.6% denied

Processwithdrawn + incomplete share, weight 15%

61st9.4%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202335726015.4%17.3%6.25%$36M
202484758314.5%16.1%$56M
202570245520.5%22.6%$55M

What 1st Midamerica Credit Union lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 246 35% · 5.7% denied
Refinance 27 4% · 22.2% denied
Cash-out refinance 88 13% · 28.4% denied
Home improvement 206 29% · 28.6% denied
Other / HELOC 135 19% · 29.6% denied

By loan type

Conventional 701 100% · 20.5% denied
USDA / RHS 1 0% · 0.0% denied

Also: 0 home-equity lines, 0 reverse mortgages, 4 manufactured homes, 31 investment properties.

Who gets approved at 1st Midamerica Credit Union

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k1185544.3%
$50k – $100k28217421.5%
$100k – $150k15210818.4%
$150k – $250k1119114.0%
Over $250k33227.7%
Applicant ageApplicationsOriginatedDecision denial rate
Under 2538286.7%
25–341168515.4%
35–441237625.7%
45–541469126.2%
55–641347927.1%
65–74946420.2%
Over 74432430.0%

Where 1st Midamerica Credit Union lends

4 states and 41 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Illinois62640221.4%#111
Missouri714912.7%#309

Frequently asked questions

1st Midamerica Credit Union denied 22.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 15th percentile of small mortgage lenders.

In 2025, 35% of its applications were for home purchases, 16% for refinancing (including cash-out), and 49% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with 1st Midamerica Credit Union. Data sources · Methodology