COASTAL1 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%
47th25.3% deniedPricingmedian rate spread over APOR, weight 30%
87th-1.17 ptsProcesswithdrawn + incomplete share, weight 15%
81st6.8%Closing coststotal loan costs ÷ loan amount, weight 10%
66th2.53% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 2,227 | 1,570 | 21.1% | 22.8% | 7.25% | $278M |
| 2024 | 2,133 | 1,456 | 24.1% | 25.7% | 7.75% | $266M |
| 2025 | 2,281 | 1,572 | 23.6% | 25.3% | 6.75% | $323M |
What COASTAL1 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: 1,714 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 33 investment properties.
Why COASTAL1 Credit Union denies applications
Primary reason reported for each of the 538 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at COASTAL1 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 | 210 | 86 | 55.6% |
| $50k – $100k | 687 | 433 | 32.5% |
| $100k – $150k | 582 | 428 | 20.9% |
| $150k – $250k | 497 | 397 | 13.7% |
| Over $250k | 270 | 203 | 15.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 214 | 131 | 29.1% |
| 35–44 | 429 | 285 | 28.5% |
| 45–54 | 561 | 394 | 24.0% |
| 55–64 | 584 | 416 | 24.5% |
| 65–74 | 351 | 249 | 23.4% |
| Over 74 | 119 | 83 | 25.2% |
Where COASTAL1 Credit Union lends
8 states and 31 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Rhode Island | 1,931 | 1,317 | 24.3% | 6.75% | #3 |
| Massachusetts | 324 | 238 | 19.1% | 6.75% | #114 |
| Connecticut | 9 | 6 | 22.2% | 6.25% | #379 |
| Florida | 5 | 4 | 0.0% | 5.88% | #1,102 |
| New Hampshire | 5 | 2 | 40.0% | 5.94% | #318 |
Frequently asked questions
COASTAL1 Credit Union denied 25.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 47th percentile of home-equity (HELOC) lenders.
The most common reason COASTAL1 Credit Union gave in 2025 was "credit history", cited on 36.6% 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 COASTAL1 Credit Union originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was -1.17 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 10% of its applications were for home purchases, 35% for refinancing (including cash-out), and 55% 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.