Collins Community 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 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
21st19.3% deniedPricingmedian rate spread over APOR, weight 30%
80th0.02 ptsProcesswithdrawn + incomplete share, weight 15%
29th16.8%Closing coststotal loan costs ÷ loan amount, weight 10%
35th2.31% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,567 | 897 | 17.4% | 23.0% | 7.00% | $144M |
| 2024 | 1,116 | 614 | 19.6% | 25.7% | 7.50% | $91M |
| 2025 | 1,178 | 781 | 16.0% | 19.3% | 6.75% | $111M |
What Collins Community 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: 272 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 64 investment properties.
Why Collins Community Credit Union denies applications
Primary reason reported for each of the 189 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Collins Community 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 | 173 | 76 | 46.9% |
| $50k – $100k | 436 | 285 | 19.5% |
| $100k – $150k | 254 | 187 | 10.4% |
| $150k – $250k | 196 | 145 | 11.4% |
| Over $250k | 68 | 44 | 10.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 43 | 34 | 10.5% |
| 25–34 | 226 | 155 | 16.8% |
| 35–44 | 304 | 200 | 20.2% |
| 45–54 | 232 | 142 | 24.5% |
| 55–64 | 184 | 116 | 21.0% |
| 65–74 | 120 | 85 | 16.5% |
| Over 74 | 45 | 26 | 21.2% |
Where Collins Community Credit Union lends
5 states and 46 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Iowa | 1,170 | 778 | 16.1% | 6.75% | #17 |
Frequently asked questions
Collins Community Credit Union denied 19.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 21st percentile of small mortgage lenders.
The most common reason Collins Community Credit Union gave in 2025 was "debt-to-income ratio", cited on 36.0% 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 Collins Community Credit Union originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.02 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 36% of its applications were for home purchases, 25% for refinancing (including cash-out), and 38% 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.