CommonWealth Central 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 F 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%
21st33.6% deniedPricingmedian rate spread over APOR, weight 30%
10th0.94 ptsProcesswithdrawn + incomplete share, weight 15%
37th14.7%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 65 | 33 | 29.2% | 35.9% | 7.49% | $4.1M |
| 2024 | 232 | 122 | 25.4% | 30.7% | 8.50% | $23M |
| 2025 | 286 | 154 | 28.7% | 33.6% | 7.50% | $37M |
What CommonWealth Central 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: 275 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 0 investment properties.
Why CommonWealth Central Credit Union denies applications
Primary reason reported for each of the 82 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at CommonWealth Central Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 36 | 13 | 51.6% |
| $100k – $150k | 57 | 28 | 41.2% |
| $150k – $250k | 82 | 46 | 35.6% |
| Over $250k | 96 | 63 | 16.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 59 | 30 | 37.3% |
| 45–54 | 74 | 39 | 36.9% |
| 55–64 | 72 | 45 | 28.6% |
| 65–74 | 53 | 29 | 23.8% |
| Over 74 | 26 | 11 | 45.5% |
Where CommonWealth Central Credit Union lends
2 states and 28 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 285 | 154 | 28.8% | 7.50% | #322 |
Frequently asked questions
CommonWealth Central Credit Union denied 33.6% 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 home-equity (HELOC) lenders.
The most common reason CommonWealth Central Credit Union gave in 2025 was "debt-to-income ratio", cited on 75.6% 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 CommonWealth Central Credit Union originated in 2025 was 7.50%, and its median rate spread over the average prime offer rate was 0.94 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 0% of its applications were for home purchases, 19% for refinancing (including cash-out), and 81% 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.