Community Choice 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 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
35th15.1% deniedPricingmedian rate spread over APOR, weight 30%
93rd-0.20 ptsProcesswithdrawn + incomplete share, weight 15%
24th23.0%Closing coststotal loan costs ÷ loan amount, weight 10%
60th2.07% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,488 | 976 | 18.6% | 21.9% | 5.99% | $117M |
| 2024 | 1,578 | 1,126 | 15.8% | 18.2% | 6.00% | $194M |
| 2025 | 2,692 | 1,760 | 11.6% | 15.1% | 6.13% | $345M |
What Community Choice 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: 1,206 home-equity lines, 0 reverse mortgages, 8 manufactured homes, 120 investment properties.
Why Community Choice Credit Union denies applications
Primary reason reported for each of the 312 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Community Choice 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 | 64 | 42 | 10.6% |
| $50k – $100k | 397 | 291 | 4.6% |
| $100k – $150k | 299 | 248 | 0.8% |
| $150k – $250k | 225 | 173 | 1.7% |
| Over $250k | 99 | 69 | 1.4% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 96 | 72 | 6.5% |
| 25–34 | 479 | 341 | 9.6% |
| 35–44 | 655 | 407 | 18.8% |
| 45–54 | 617 | 397 | 16.4% |
| 55–64 | 456 | 290 | 16.9% |
| 65–74 | 245 | 130 | 19.8% |
| Over 74 | 51 | 30 | 21.1% |
Where Community Choice Credit Union lends
3 states and 65 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Iowa | 2,653 | 1,760 | 11.8% | 6.13% | #7 |
Frequently asked questions
Community Choice Credit Union denied 15.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 35th percentile of mid-size mortgage lenders.
The most common reason Community Choice Credit Union gave in 2025 was "debt-to-income ratio", cited on 41.7% 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 Community Choice Credit Union originated in 2025 was 6.13%, and its median rate spread over the average prime offer rate was -0.20 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 33% of its applications were for home purchases, 13% for refinancing (including cash-out), and 53% for home improvement or other purposes. By loan type: 96% conventional, 3% 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.