Connexus Credit Union · Minnesota · 2025

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

Connexus Credit Union took 136 mortgage applications in Minnesota in 2025, ranking #168 of 870 lenders active in the state. It originated 50.7% of them and denied 33.8% (38.0% of the applications it decided), against a statewide denial rate of 13.6%.

136Applicationsin MN
38.0%Decision denial ratestate 16.4%
6.49%Median ratestate 6.63%
$85,000Median loanstate $215,000
$7.9MVolume26 counties

Connexus Credit Union in Minnesota vs the state

33.8%Denial rate+20.22 pts vs state
38.0%Decision denial rate+21.67 pts vs state
50.7%Origination rate-15.63 pts vs state
6.49%Median rate-0.13 pts vs state
-0.67Rate spread (pts)-0.92 pts vs state
$119kMedian applicant income
69Loans originated
46Denied

Trend in Minnesota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231849829.4%4.49%#130
20241558525.2%6.49%#147
20251366933.8%6.49%#168

What Connexus Credit Union lends in Minnesota

By loan purpose

Home purchase 5 4% · 20.0% denied
Refinance 23 17% · 34.8% denied
Cash-out refinance 17 13% · 23.5% denied
Home improvement 37 27% · 24.3% denied
Other / HELOC 54 40% · 44.4% denied

By loan type

Conventional 136 100% · 33.8% denied

Why it denied Minnesota applicants

Debt-to-income ratio 17 37%
Credit history 12 26%
Other 10 22%
Incomplete application 6 13%
Collateral 1 2%

Where in Minnesota

Counties with the most Connexus Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hennepin County 512418 35.3%
Anoka County 16105 31.3%
Carver County 1273 25.0%
Wright County 853 37.5%
Dakota County 834 50.0%
Ramsey County 640 0.0%
Aitkin County 420 0.0%
Sherburne County 440 0.0%
Washington County 321 33.3%
St. Louis County 311 33.3%

Other large lenders in Minnesota

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 8,69410.6%6.38%
U.S. BankD 8,62430.4%7.88%
Bell BankA 7,9875.3%6.63%
Rocket MortgageC 7,63016.3%6.63%
Trustone Financial Credit UnionC 6,06620.0%7.25%
Affinity PlusC 5,43814.6%6.63%
Blaze Credit UnionB 4,07412.3%6.38%
Wings Financial Credit UnionA 3,96016.4%7.25%
Crosscountry MortgageB 3,9422.1%6.63%
Fairway Independent MortgageB 3,3273.2%6.75%

Frequently asked questions

Minnesota: 136 applications in 2025, of which 69 were originated and 46 denied.

33.8% of all applications, or 38.0% of the applications it actually decided on. The Minnesota statewide average across all lenders was 13.6%.

The median rate on loans Connexus Credit Union originated in Minnesota in 2025 was 6.49%, against a statewide median of 6.63%.

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