Canvas Credit Union in Colorado vs the state
13.7%Denial rate-1.91 pts vs state
17.2%Decision denial rate-2.45 pts vs state
60.1%Origination rate+0.09 pts vs state
7.89%Median rate+1.26 pts vs state
0.43Rate spread (pts)+0.28 pts vs state
$136kMedian applicant income
2,939Loans originated
671Denied
Trend in Colorado
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 3,800 | 2,420 | 0.9% | 8.89% | #10 |
| 2024 | 4,746 | 2,786 | 10.7% | 9.39% | #8 |
| 2025 | 4,889 | 2,939 | 13.7% | 7.89% | #9 |
What Canvas Credit Union lends in Colorado
By loan purpose
By loan type
Why it denied Colorado applicants
Where in Colorado
Counties with the most Canvas Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Arapahoe County | 695 | 409 | 103 | 14.8% |
| Larimer County | 671 | 438 | 67 | 10.0% |
| Denver County | 619 | 369 | 84 | 13.6% |
| Jefferson County | 618 | 385 | 70 | 11.3% |
| Douglas County | 587 | 383 | 71 | 12.1% |
| Adams County | 549 | 313 | 97 | 17.7% |
| Weld County | 434 | 247 | 77 | 17.7% |
| Mesa County | 180 | 98 | 23 | 12.8% |
| El Paso County | 131 | 69 | 25 | 19.1% |
| Boulder County | 89 | 55 | 11 | 12.4% |
Other large lenders in Colorado
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 23,111 | 8.8% | 6.13% |
| ENT Credit Union | B | 13,238 | 20.9% | 7.50% |
| Rocket Mortgage | C | 11,486 | 15.7% | 6.61% |
| Guild Mortgage | A | 6,232 | 3.1% | 6.62% |
| Bellco Credit Union | F | 5,863 | 40.9% | 8.00% |
| U.S. Bank | D | 4,978 | 36.0% | 7.95% |
| American Financing | D | 4,937 | 41.3% | 6.38% |
| FirstBank | C | 4,929 | 15.6% | 7.00% |
| Elevations | C | 4,426 | 10.8% | 6.88% |
| Pennymac Loan Services | C | 3,970 | 10.5% | 6.38% |
Frequently asked questions
Colorado: 4,889 applications in 2025, of which 2,939 were originated and 671 denied.
13.7% of all applications, or 17.2% of the applications it actually decided on. The Colorado statewide average across all lenders was 15.6%.
The median rate on loans Canvas Credit Union originated in Colorado in 2025 was 7.89%, against a statewide median of 6.63%.
About this data. Figures are Canvas Credit Union's own HMDA filing for properties located in Colorado, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology