Air Academy 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 B grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
94th9.0% deniedPricingmedian rate spread over APOR, weight 30%
18th0.65 ptsProcesswithdrawn + incomplete share, weight 15%
36th14.8%Closing coststotal loan costs ÷ loan amount, weight 10%
74th2.24% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 428 | 306 | 9.4% | 11.0% | 8.00% | $64M |
| 2024 | 534 | 396 | 5.6% | 6.9% | 6.99% | $83M |
| 2025 | 495 | 368 | 7.7% | 9.0% | 5.99% | $87M |
What Air Academy 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: 314 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 9 investment properties.
Why Air Academy Federal Credit Union denies applications
Primary reason reported for each of the 38 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Air Academy 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 | 31 | 13 | 41.7% |
| $50k – $100k | 139 | 101 | 10.1% |
| $100k – $150k | 131 | 105 | 7.0% |
| $150k – $250k | 144 | 110 | 5.7% |
| Over $250k | 47 | 37 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 56 | 43 | 4.1% |
| 35–44 | 75 | 48 | 14.8% |
| 45–54 | 107 | 90 | 8.0% |
| 55–64 | 111 | 81 | 10.6% |
| 65–74 | 105 | 72 | 9.6% |
| Over 74 | 37 | 31 | 3.1% |
Where Air Academy Federal Credit Union lends
20 states and 52 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Air Academy Federal Credit Union denied 9.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 94th percentile of home-equity (HELOC) lenders.
The most common reason Air Academy Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 65.8% 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 Air Academy Federal Credit Union originated in 2025 was 5.99%, and its median rate spread over the average prime offer rate was 0.65 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 21% of its applications were for home purchases, 37% for refinancing (including cash-out), and 42% for home improvement or other purposes. By loan type: 97% conventional, 0% FHA, 3% 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.