Credit Union 1 · Michigan · 2025

Credit Union 1 in Michigan: approval rate, denial rate and rates (2025)

Credit Union 1 took 17 mortgage applications in Michigan in 2025, ranking #460 of 973 lenders active in the state. It originated 41.2% of them and denied 23.5% (36.4% of the applications it decided), against a statewide denial rate of 18.5%.

17Applicationsin MI
36.4%Decision denial ratestate 22.6%
6.50%Median ratestate 6.75%
$105,000Median loanstate $155,000
$685kVolume7 counties

Credit Union 1 in Michigan vs the state

23.5%Denial rate+5.01 pts vs state
36.4%Decision denial rate+13.78 pts vs state
41.2%Origination rate-18.71 pts vs state
6.50%Median rate-0.25 pts vs state
1.22Rate spread (pts)+0.82 pts vs state
$111kMedian applicant income
7Loans originated
4Denied

What Credit Union 1 lends in Michigan

By loan purpose

Home purchase 4 24% · 0.0% denied
Refinance 1 6% · 0.0% denied
Cash-out refinance 12 71% · 33.3% denied

By loan type

Conventional 17 100% · 23.5% denied

Why it denied Michigan applicants

Unverifiable information 1 25%
Credit history 1 25%
Collateral 1 25%
Debt-to-income ratio 1 25%

Where in Michigan

Counties with the most Credit Union 1 applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Macomb County 431 25.0%
Oakland County 421 25.0%
Cass County 310 0.0%
Wayne County 200 0.0%
Berrien County 211 50.0%
Ionia County 101 100.0%
Allegan County 100 0.0%

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: 17 applications in 2025, of which 7 were originated and 4 denied.

23.5% of all applications, or 36.4% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Credit Union 1 originated in Michigan in 2025 was 6.50%, against a statewide median of 6.75%.

About this data. Figures are Credit Union 1'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