COASTAL 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 C 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%
38th28.9% deniedPricingmedian rate spread over APOR, weight 30%
43rd0.24 ptsProcesswithdrawn + incomplete share, weight 15%
88th5.2%Closing coststotal loan costs ÷ loan amount, weight 10%
38th3.62% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 6,200 | 3,639 | 24.8% | 27.1% | 8.50% | $677M |
| 2024 | 5,153 | 3,001 | 25.4% | 26.9% | 8.40% | $517M |
| 2025 | 5,339 | 3,212 | 27.4% | 28.9% | 7.40% | $667M |
What COASTAL 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: 3,618 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 82 investment properties.
Why COASTAL Federal Credit Union denies applications
Primary reason reported for each of the 1,465 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at COASTAL 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 | 359 | 114 | 62.2% |
| $50k – $100k | 1,440 | 707 | 41.1% |
| $100k – $150k | 1,314 | 826 | 26.1% |
| $150k – $250k | 1,437 | 1,010 | 17.5% |
| Over $250k | 721 | 510 | 16.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 40 | 20 | 41.7% |
| 25–34 | 601 | 352 | 29.2% |
| 35–44 | 1,261 | 754 | 29.7% |
| 45–54 | 1,410 | 827 | 30.1% |
| 55–64 | 1,148 | 696 | 29.6% |
| 65–74 | 616 | 406 | 23.3% |
| Over 74 | 239 | 140 | 28.2% |
Where COASTAL Federal Credit Union lends
23 states and 164 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 | 5,201 | 3,167 | 26.7% | 7.40% | #21 |
| South Carolina | 57 | 27 | 33.3% | 7.24% | #328 |
| Virginia | 31 | 18 | 25.8% | 7.35% | #436 |
| Florida | 12 | 0 | 91.7% | — | #880 |
| Texas | 6 | 0 | 100.0% | — | #1,046 |
| Rhode Island | 5 | 0 | 100.0% | — | #248 |
Frequently asked questions
COASTAL Federal Credit Union denied 28.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 38th percentile of home-equity (HELOC) lenders.
The most common reason COASTAL Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 40.9% 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 COASTAL Federal Credit Union originated in 2025 was 7.40%, and its median rate spread over the average prime offer rate was 0.24 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 15% of its applications were for home purchases, 19% for refinancing (including cash-out), and 65% 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.