Connexus Credit Union · Michigan · 2025

Connexus Credit Union in Michigan: approval rate, denial rate and rates (2025)

Connexus Credit Union took 42 mortgage applications in Michigan in 2025, ranking #362 of 973 lenders active in the state. It originated 31.0% of them and denied 54.8% (59.0% of the applications it decided), against a statewide denial rate of 18.5%.

42Applicationsin MI
59.0%Decision denial ratestate 22.6%
6.49%Median ratestate 6.75%
$90,000Median loanstate $155,000
$1.2MVolume14 counties

Connexus Credit Union in Michigan vs the state

54.8%Denial rate+36.24 pts vs state
59.0%Decision denial rate+36.39 pts vs state
31.0%Origination rate-28.94 pts vs state
6.49%Median rate-0.26 pts vs state
-0.75Rate spread (pts)-1.15 pts vs state
$107kMedian applicant income
13Loans originated
23Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023572142.1%4.99%#323
2024441450.0%6.80%#359
2025421354.8%6.49%#362

What Connexus Credit Union lends in Michigan

By loan purpose

Home purchase 3 7% · 33.3% denied
Refinance 7 17% · 42.9% denied
Cash-out refinance 1 2% · 100.0% denied
Home improvement 10 24% · 50.0% denied
Other / HELOC 21 50% · 61.9% denied

By loan type

Conventional 42 100% · 54.8% denied

Why it denied Michigan applicants

Debt-to-income ratio 13 57%
Other 3 13%
Credit history 3 13%
Incomplete application 2 9%
Insufficient cash 1 4%
Collateral 1 4%

Where in Michigan

Counties with the most Connexus Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Oakland County 1145 45.5%
Wayne County 815 62.5%
Genesee County 531 20.0%
Macomb County 413 75.0%
Ingham County 211 50.0%
Jackson County 210 0.0%
Allegan County 202 100.0%
Washtenaw County 211 50.0%
Mason County 101 100.0%
Cass County 101 100.0%

Other large lenders in Michigan

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 30,64416.3%6.75%
United Shore Financial ServicesB 29,33011.7%6.60%
The Huntington National BankD 20,04730.0%7.49%
Lake Michigan Credit UnionA 16,6625.6%6.75%
Fifth Third BankD 11,17626.4%7.50%
21st MortgageF 7,42453.4%11.04%
Citizens BankC 6,59229.0%7.65%
Triad Financial ServicesD 6,42656.1%8.49%
Union Home MortgageB 5,3034.3%6.75%
PNC BankD 5,16126.3%7.36%

Frequently asked questions

Michigan: 42 applications in 2025, of which 13 were originated and 23 denied.

54.8% of all applications, or 59.0% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Connexus Credit Union originated in Michigan in 2025 was 6.49%, against a statewide median of 6.75%.

About this data. Figures are Connexus Credit Union's own HMDA filing for properties located in Michigan, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology