Alabama State Employees Credit Union · Alabama · 2025

Alabama State Employees Credit Union in Alabama: approval rate, denial rate and rates (2025)

Alabama State Employees Credit Union took 115 mortgage applications in Alabama in 2025, ranking #213 of 990 lenders active in the state. It originated 99.1% of them and denied 0.9% (0.9% of the applications it decided), against a statewide denial rate of 19.9%.

115Applicationsin AL
0.9%Decision denial ratestate 25.0%
6.50%Median ratestate 6.50%
$65,000Median loanstate $165,000
$10MVolume18 counties

Alabama State Employees Credit Union in Alabama vs the state

0.9%Denial rate-18.98 pts vs state
0.9%Decision denial rate-24.13 pts vs state
99.1%Origination rate+43.74 pts vs state
6.50%Median rate0.00 pts vs state
0.49Rate spread (pts)+0.20 pts vs state
$96kMedian applicant income
114Loans originated
1Denied

Trend in Alabama

YearApplicationsOriginatedDenial rateMedian rateRank in state
202393930.0%8.00%#209
20241151150.0%7.50%#201
20251151140.9%6.50%#213

What Alabama State Employees Credit Union lends in Alabama

By loan purpose

Home purchase 6 5% · 0.0% denied
Refinance 14 12% · 0.0% denied
Cash-out refinance 25 22% · 0.0% denied
Home improvement 30 26% · 3.3% denied
Other / HELOC 40 35% · 0.0% denied

By loan type

Conventional 115 100% · 0.9% denied

Where in Alabama

Counties with the most Alabama State Employees Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Elmore County 39390 0.0%
Montgomery County 29290 0.0%
Autauga County 12120 0.0%
Chilton County 660 0.0%
Dallas County 550 0.0%
Butler County 330 0.0%
Tallapoosa County 330 0.0%
Lee County 220 0.0%
Jefferson County 220 0.0%
Shelby County 220 0.0%

Other large lenders in Alabama

LenderGradeApplicationsDenial rateMedian rate
Regions BankC 11,87137.2%4.99%
Rocket MortgageC 9,94120.5%6.63%
Vanderbilt Mortgage and FinanceF 8,46141.4%9.50%
United Shore Financial ServicesB 7,68912.0%6.13%
21st MortgageF 6,50746.0%9.98%
Mortgage Research CenterC 5,10718.4%6.25%
REDSTONE Federal Credit UnionC 4,54818.9%8.13%
Dhi Mortgage CompanyB 3,90917.5%4.99%
Freedom MortgageB 3,7258.7%6.25%
Pennymac Loan ServicesC 3,61111.6%6.25%

Frequently asked questions

Alabama: 115 applications in 2025, of which 114 were originated and 1 denied.

0.9% of all applications, or 0.9% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.

The median rate on loans Alabama State Employees Credit Union originated in Alabama in 2025 was 6.50%, against a statewide median of 6.50%.

About this data. Figures are Alabama State Employees Credit Union's own HMDA filing for properties located in Alabama, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology