Alerus Financial in Wisconsin vs the state
6.3%Denial rate-7.68 pts vs state
7.5%Decision denial rate-8.90 pts vs state
75.3%Origination rate+7.17 pts vs state
6.63%Median rate0.00 pts vs state
0.10Rate spread (pts)-0.02 pts vs state
$127kMedian applicant income
119Loans originated
10Denied
Trend in Wisconsin
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 25 | 21 | 8.0% | 7.00% | #371 |
| 2024 | 124 | 110 | 3.2% | 6.88% | #203 |
| 2025 | 158 | 119 | 6.3% | 6.63% | #185 |
What Alerus Financial lends in Wisconsin
By loan purpose
By loan type
Why it denied Wisconsin applicants
Where in Wisconsin
Counties with the most Alerus Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| La Crosse County | 30 | 26 | 3 | 10.0% |
| Eau Claire County | 16 | 10 | 0 | 0.0% |
| Burnett County | 15 | 14 | 0 | 0.0% |
| Waukesha County | 15 | 14 | 0 | 0.0% |
| St. Croix County | 8 | 7 | 0 | 0.0% |
| Polk County | 8 | 6 | 0 | 0.0% |
| Dunn County | 6 | 5 | 0 | 0.0% |
| Barron County | 5 | 5 | 0 | 0.0% |
| Washburn County | 4 | 3 | 0 | 0.0% |
| Dane County | 3 | 3 | 0 | 0.0% |
Other large lenders in Wisconsin
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Summit Credit Union | A | 15,483 | 13.8% | 6.75% |
| University of Wisconsin Credit Union | A | 11,781 | 13.8% | 6.50% |
| Landmark Credit Union | A | 9,393 | 17.7% | 6.50% |
| Rocket Mortgage | C | 7,819 | 18.0% | 6.63% |
| Associated Bank | B | 7,451 | 23.7% | 6.88% |
| BMO Bank | F | 5,202 | 25.3% | 8.23% |
| Educators Credit Union | B | 4,930 | 24.3% | 6.95% |
| U.S. Bank | D | 4,710 | 26.0% | 6.88% |
| Covantage Credit Union | B | 4,581 | 7.7% | 6.50% |
| United Shore Financial Services | B | 4,421 | 11.8% | 6.38% |
Frequently asked questions
Wisconsin: 158 applications in 2025, of which 119 were originated and 10 denied.
6.3% of all applications, or 7.5% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.
The median rate on loans Alerus Financial originated in Wisconsin in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Alerus Financial's own HMDA filing for properties located in Wisconsin, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology