CPM Federal 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 C 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%
65th19.3% deniedPricingmedian rate spread over APOR, weight 30%
4th1.33 ptsProcesswithdrawn + incomplete share, weight 15%
31st16.0%Closing coststotal loan costs ÷ loan amount, weight 10%
12th5.29% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 709 | 442 | 19.0% | 23.1% | 8.74% | $50M |
| 2024 | 786 | 514 | 16.5% | 20.2% | 8.74% | $73M |
| 2025 | 899 | 606 | 16.2% | 19.3% | 7.62% | $86M |
What CPM Federal 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: 674 home-equity lines, 0 reverse mortgages, 9 manufactured homes, 8 investment properties.
Why CPM Federal Credit Union denies applications
Primary reason reported for each of the 146 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at CPM Federal 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 | 128 | 68 | 37.0% |
| $50k – $100k | 350 | 242 | 17.9% |
| $100k – $150k | 215 | 149 | 18.5% |
| $150k – $250k | 144 | 109 | 9.9% |
| Over $250k | 50 | 35 | 12.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 94 | 59 | 26.3% |
| 35–44 | 179 | 115 | 25.3% |
| 45–54 | 215 | 155 | 17.0% |
| 55–64 | 211 | 144 | 15.7% |
| 65–74 | 144 | 96 | 13.4% |
| Over 74 | 50 | 36 | 20.0% |
Where CPM Federal Credit Union lends
8 states and 55 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| South Carolina | 852 | 580 | 16.3% | 7.74% | #68 |
| North Carolina | 24 | 13 | 8.3% | 5.29% | #501 |
| Georgia | 17 | 10 | 23.5% | 5.39% | #592 |
Frequently asked questions
CPM Federal Credit Union denied 19.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 65th percentile of home-equity (HELOC) lenders.
The most common reason CPM Federal Credit Union gave in 2025 was "other", cited on 29.5% 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 CPM Federal Credit Union originated in 2025 was 7.62%, and its median rate spread over the average prime offer rate was 1.33 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 17% of its applications were for home purchases, 18% for refinancing (including cash-out), and 65% 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.