Alabama 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 C 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%
16th22.2% deniedPricingmedian rate spread over APOR, weight 30%
99th-0.84 ptsProcesswithdrawn + incomplete share, weight 15%
10th25.1%Closing coststotal loan costs ÷ loan amount, weight 10%
72nd1.33% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 225 | 144 | 17.3% | 20.9% | 5.75% | $33M |
| 2024 | 191 | 116 | 16.2% | 20.8% | 6.00% | $30M |
| 2025 | 199 | 116 | 16.6% | 22.2% | 5.75% | $34M |
What Alabama 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: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 7 investment properties.
Why Alabama Credit Union denies applications
Primary reason reported for each of the 33 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Alabama 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 | 30 | 9 | 60.9% |
| $50k – $100k | 63 | 34 | 29.2% |
| $100k – $150k | 39 | 25 | 10.7% |
| $150k – $250k | 45 | 31 | 6.1% |
| Over $250k | 20 | 16 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 26 | 13 | 27.8% |
| 35–44 | 36 | 24 | 17.2% |
| 45–54 | 50 | 27 | 25.0% |
| 55–64 | 39 | 25 | 16.7% |
| 65–74 | 33 | 17 | 22.7% |
Where Alabama Credit Union lends
3 states and 27 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Alabama | 193 | 115 | 16.6% | 5.75% | #156 |
Frequently asked questions
Alabama Credit Union denied 22.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 16th percentile of small mortgage lenders.
The most common reason Alabama Credit Union gave in 2025 was "credit history", cited on 54.5% 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 Alabama Credit Union originated in 2025 was 5.75%, and its median rate spread over the average prime offer rate was -0.84 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 31% of its applications were for home purchases, 40% for refinancing (including cash-out), and 29% 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.