Carolinas Telco Federal 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 B 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%
91st11.1% deniedPricingmedian rate spread over APOR, weight 30%
48th0.18 ptsProcesswithdrawn + incomplete share, weight 15%
23rd17.6%Closing coststotal loan costs ÷ loan amount, weight 10%
41st3.48% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 20 | 9 | 25.0% | 31.3% | 8.00% | $2.7M |
| 2024 | 31 | 18 | 6.5% | 9.5% | 5.92% | $4.9M |
| 2025 | 295 | 213 | 9.2% | 11.1% | 7.50% | $47M |
What Carolinas Telco Federal 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: 192 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 6 investment properties.
Why Carolinas Telco Federal Credit Union denies applications
Primary reason reported for each of the 27 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Carolinas Telco Federal 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 | 22 | 12 | 14.3% |
| $50k – $100k | 106 | 69 | 18.4% |
| $100k – $150k | 88 | 69 | 6.7% |
| $150k – $250k | 54 | 49 | 5.8% |
| Over $250k | 24 | 14 | 6.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 36 | 28 | 3.3% |
| 35–44 | 49 | 34 | 19.1% |
| 45–54 | 83 | 58 | 13.4% |
| 55–64 | 71 | 52 | 8.6% |
| 65–74 | 33 | 25 | 10.3% |
| Over 74 | 20 | 13 | 7.1% |
Where Carolinas Telco Federal Credit Union lends
2 states and 54 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| North Carolina | 227 | 162 | 7.9% | 7.25% | #223 |
| South Carolina | 68 | 51 | 13.2% | 7.50% | #299 |
Frequently asked questions
Carolinas Telco Federal Credit Union denied 11.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 91st percentile of home-equity (HELOC) lenders.
The most common reason Carolinas Telco Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 59.3% 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 Carolinas Telco Federal Credit Union originated in 2025 was 7.50%, and its median rate spread over the average prime offer rate was 0.18 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 19% of its applications were for home purchases, 20% for refinancing (including cash-out), and 61% 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.