ABCO Federal Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
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%
6th32.9% deniedProcesswithdrawn + incomplete share, weight 15%
27th17.3%Closing coststotal loan costs ÷ loan amount, weight 10%
98th0.29% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 283 | 138 | 30.4% | 38.4% | 7.29% | $8.0M |
| 2024 | 419 | 227 | 27.0% | 33.2% | 7.49% | $16M |
| 2025 | 346 | 192 | 27.2% | 32.9% | 7.49% | $18M |
What ABCO Federal 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
By loan type
Also: 14 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 6 investment properties.
Why ABCO Federal Credit Union denies applications
Primary reason reported for each of the 94 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at ABCO Federal Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 26 | 8 | 63.6% |
| $50k – $100k | 122 | 58 | 39.0% |
| $100k – $150k | 100 | 60 | 31.0% |
| $150k – $250k | 71 | 48 | 18.6% |
| Over $250k | 21 | 13 | 23.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 64 | 39 | 33.9% |
| 45–54 | 76 | 47 | 27.7% |
| 55–64 | 110 | 58 | 34.1% |
| 65–74 | 54 | 24 | 40.0% |
Where ABCO Federal Credit Union lends
4 states and 21 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New Jersey | 339 | 190 | 27.1% | 7.49% | #150 |
| Pennsylvania | 5 | 2 | 20.0% | 7.50% | #790 |
Frequently asked questions
ABCO Federal Credit Union denied 32.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 6th percentile of small mortgage lenders.
The most common reason ABCO Federal Credit Union gave in 2025 was "credit history", cited on 43.6% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans ABCO Federal Credit Union originated in 2025 was 7.49%, and its median rate spread over the average prime offer rate was 0.00 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 0% of its applications were for home purchases, 2% for refinancing (including cash-out), and 98% 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.