Credit Union One · Michigan · 2025

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

Credit Union One took 3,310 mortgage applications in Michigan in 2025, ranking #27 of 973 lenders active in the state. It originated 55.4% of them and denied 26.4% (29.5% of the applications it decided), against a statewide denial rate of 18.5%.

3.3kApplicationsin MI
29.5%Decision denial ratestate 22.6%
7.99%Median ratestate 6.75%
$85,000Median loanstate $155,000
$2.9BVolume72 counties

Credit Union One in Michigan vs the state

26.4%Denial rate+7.85 pts vs state
29.5%Decision denial rate+6.96 pts vs state
55.4%Origination rate-4.51 pts vs state
7.99%Median rate+1.24 pts vs state
0.88Rate spread (pts)+0.48 pts vs state
$99kMedian applicant income
1,833Loans originated
873Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233,2732,03423.0%7.74%#22
20243,2621,85928.4%8.49%#25
20253,3101,83326.4%7.99%#27

What Credit Union One lends in Michigan

By loan purpose

Home purchase 406 12% · 11.6% denied
Refinance 88 3% · 17.1% denied
Cash-out refinance 889 27% · 25.2% denied
Home improvement 1,129 34% · 30.4% denied
Other / HELOC 798 24% · 30.6% denied

By loan type

Conventional 3,303 100% · 26.3% denied
FHA 7 0% · 85.7% denied

Why it denied Michigan applicants

Debt-to-income ratio 392 45%
Credit history 249 29%
Other 148 17%
Collateral 49 6%
Unverifiable information 31 4%
Insufficient cash 2 0%
Employment history 1 0%
Incomplete application 1 0%

Where in Michigan

Counties with the most Credit Union One applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Oakland County 822478210 25.5%
Wayne County 647280245 37.9%
Macomb County 600323168 28.0%
Grand Traverse County 14710121 14.3%
Genesee County 1336445 33.8%
Kent County 1157324 20.9%
Washtenaw County 1096520 18.3%
Livingston County 825018 22.0%
St. Clair County 493210 20.4%
Saginaw County 47315 10.6%

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: 3,310 applications in 2025, of which 1,833 were originated and 873 denied.

26.4% of all applications, or 29.5% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Credit Union One originated in Michigan in 2025 was 7.99%, against a statewide median of 6.75%.

About this data. Figures are Credit Union One'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