Covantage Credit Union · Wisconsin · 2025

Covantage Credit Union in Wisconsin: approval rate, denial rate and rates (2025)

Covantage Credit Union took 4,581 mortgage applications in Wisconsin in 2025, ranking #9 of 938 lenders active in the state. It originated 79.3% of them and denied 7.7% (8.6% of the applications it decided), against a statewide denial rate of 14.0%.

4.6kApplicationsin WI
8.6%Decision denial ratestate 16.4%
6.50%Median ratestate 6.63%
$85,000Median loanstate $165,000
$532MVolume62 counties

Covantage Credit Union in Wisconsin vs the state

7.7%Denial rate-6.30 pts vs state
8.6%Decision denial rate-7.72 pts vs state
79.3%Origination rate+11.16 pts vs state
6.50%Median rate-0.13 pts vs state
-0.09Rate spread (pts)-0.21 pts vs state
$86kMedian applicant income
3,633Loans originated
353Denied

Trend in Wisconsin

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234,3053,2857.3%7.25%#8
20244,2933,3436.5%7.50%#9
20254,5813,6337.7%6.50%#9

What Covantage Credit Union lends in Wisconsin

By loan purpose

Home purchase 1,058 23% · 4.3% denied
Refinance 1,259 27% · 8.2% denied
Cash-out refinance 1,032 23% · 10.5% denied
Home improvement 13 0% · 7.7% denied
Other / HELOC 1,219 27% · 7.9% denied

By loan type

Conventional 4,580 100% · 7.7% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied Wisconsin applicants

Debt-to-income ratio 143 41%
Credit history 124 35%
Collateral 28 8%
Other 23 7%
Incomplete application 15 4%
Insufficient cash 7 2%
Employment history 7 2%
Unverifiable information 6 2%

Where in Wisconsin

Counties with the most Covantage Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Marathon County 1,20598974 6.1%
Langlade County 51239849 9.6%
Shawano County 49742425 5.0%
Portage County 28223620 7.1%
Oneida County 26920523 8.6%
Lincoln County 22017718 8.2%
Brown County 2021719 4.5%
Forest County 17513713 7.4%
Outagamie County 17513212 6.9%
Oconto County 13010710 7.7%

Other large lenders in Wisconsin

LenderGradeApplicationsDenial rateMedian rate
Summit Credit UnionA 15,48313.8%6.75%
University of Wisconsin Credit UnionA 11,78113.8%6.50%
Landmark Credit UnionA 9,39317.7%6.50%
Rocket MortgageC 7,81918.0%6.63%
Associated BankB 7,45123.7%6.88%
BMO BankF 5,20225.3%8.23%
Educators Credit UnionB 4,93024.3%6.95%
U.S. BankD 4,71026.0%6.88%
United Shore Financial ServicesB 4,42111.8%6.38%
Community FirstA 4,3686.9%5.49%

Frequently asked questions

Wisconsin: 4,581 applications in 2025, of which 3,633 were originated and 353 denied.

7.7% of all applications, or 8.6% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.

The median rate on loans Covantage Credit Union originated in Wisconsin in 2025 was 6.50%, against a statewide median of 6.63%.

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