Cardinal 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 F 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%
36th29.1% deniedPricingmedian rate spread over APOR, weight 30%
8th1.03 ptsProcesswithdrawn + incomplete share, weight 15%
0th51.6%Closing coststotal loan costs ÷ loan amount, weight 10%
16th4.70% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 134 | 38 | 17.2% | 37.1% | 6.98% | $6.5M |
| 2024 | 184 | 38 | 13.6% | 37.9% | 6.94% | $7.3M |
| 2025 | 376 | 127 | 14.1% | 29.1% | 7.43% | $17M |
What Cardinal 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: 194 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 6 investment properties.
Why Cardinal Credit Union denies applications
Primary reason reported for each of the 53 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Cardinal 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 | 75 | 13 | 56.3% |
| $50k – $100k | 158 | 55 | 26.3% |
| $100k – $150k | 70 | 26 | 25.7% |
| $150k – $250k | 49 | 25 | 16.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 73 | 15 | 42.9% |
| 35–44 | 68 | 28 | 12.5% |
| 45–54 | 81 | 25 | 34.2% |
| 55–64 | 81 | 31 | 29.6% |
| 65–74 | 47 | 20 | 22.2% |
| Over 74 | 22 | 8 | 38.5% |
Where Cardinal Credit Union lends
6 states and 16 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Ohio | 368 | 127 | 14.4% | 7.43% | #170 |
Frequently asked questions
Cardinal Credit Union denied 29.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 36th percentile of home-equity (HELOC) lenders.
The most common reason Cardinal Credit Union gave in 2025 was "debt-to-income ratio", cited on 50.9% 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 Cardinal Credit Union originated in 2025 was 7.43%, and its median rate spread over the average prime offer rate was 1.03 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 32% of its applications were for home purchases, 18% for refinancing (including cash-out), and 50% 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.