Cobalt 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%
93rd10.0% deniedPricingmedian rate spread over APOR, weight 30%
32nd0.32 ptsProcesswithdrawn + incomplete share, weight 15%
67th9.7%Closing coststotal loan costs ÷ loan amount, weight 10%
52nd3.08% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 724 | 504 | 18.7% | 20.9% | 7.00% | $85M |
| 2024 | 812 | 482 | 14.7% | 19.7% | 7.24% | $69M |
| 2025 | 598 | 484 | 9.0% | 10.0% | 6.99% | $63M |
What Cobalt 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: 453 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 24 investment properties.
Why Cobalt Credit Union denies applications
Primary reason reported for each of the 54 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Cobalt 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 | 91 | 64 | 23.8% |
| $50k – $100k | 209 | 168 | 12.0% |
| $100k – $150k | 134 | 110 | 6.7% |
| $150k – $250k | 124 | 110 | 0.9% |
| Over $250k | 30 | 23 | 8.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 57 | 45 | 11.8% |
| 35–44 | 164 | 128 | 15.7% |
| 45–54 | 151 | 122 | 7.6% |
| 55–64 | 117 | 99 | 4.8% |
| 65–74 | 62 | 51 | 8.9% |
| Over 74 | 29 | 25 | 10.7% |
Where Cobalt Credit Union lends
3 states and 27 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Cobalt Credit Union denied 10.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 93rd percentile of home-equity (HELOC) lenders.
The most common reason Cobalt Credit Union gave in 2025 was "debt-to-income ratio", cited on 40.7% 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 Cobalt Credit Union originated in 2025 was 6.99%, and its median rate spread over the average prime offer rate was 0.32 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 16% of its applications were for home purchases, 46% for refinancing (including cash-out), and 38% for home improvement or other purposes. By loan type: 97% conventional, 2% FHA, 1% 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.