Mortgage lender · Forsyth, IL · LEI 5493007NQFYTLJ0O4M47

Decatur Earthmover Credit Union review: approval odds, rates and grade (2025)

Decatur Earthmover Credit Union earns a C, in line with the typical performance of small mortgage lenders. It turned down 17.4% of the applications it decided on in 2025, which ranks in the 25th percentile for approval odds. Its median loan was priced 0.48 points above the average prime offer rate, ranking in the 30th percentile on pricing. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

156Applications2025
76.3%Originatedof applications
17.4%Decision denial ratenational 22.6%
6.15%Median ratenational 6.63%
$9.9MLoan volume1 states

Decatur Earthmover Credit Union at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

16.0%Denial rate (all applications)-1.95 pts vs national
17.4%Denial rate (decided applications)-5.23 pts vs national
76.3%Origination rate+18.25 pts vs national
7.7%Withdrawn by applicant
0.0%Closed for incompleteness
6.15%Median interest rate-0.47 pts vs national
0.48Median rate spread (pts over APOR)+0.22 pts vs national
$55,000Median loan amount
$525Median total loan costs
$88kMedian applicant income
71%Median loan-to-value
7High-cost (HOEPA) loans

How the C grade breaks down

Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

25th17.4% denied

Pricingmedian rate spread over APOR, weight 30%

30th0.48 pts

Processwithdrawn + incomplete share, weight 15%

69th7.7%

Closing coststotal loan costs ÷ loan amount, weight 10%

86th0.95% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20231117821.6%23.5%6.25%$4.5M
20241339715.0%17.1%6.60%$5.6M
202515611916.0%17.4%6.15%$9.9M

What Decatur Earthmover 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

Home purchase 40 26% · 5.0% denied
Refinance 1 1% · 0.0% denied
Cash-out refinance 8 5% · 0.0% denied
Home improvement 25 16% · 16.0% denied
Other / HELOC 82 53% · 23.2% denied

By loan type

Conventional 156 100% · 16.0% denied

Also: 3 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 0 investment properties.

Why Decatur Earthmover Credit Union denies applications

Primary reason reported for each of the 25 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Other 11 44%
Debt-to-income ratio 10 40%
Credit history 2 8%
Employment history 1 4%
Collateral 1 4%

How these reasons compare nationally →

Who gets approved at Decatur Earthmover Credit Union

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k261537.5%
$50k – $100k665217.5%
$100k – $150k382912.1%
$150k – $250k22195.0%
Applicant ageApplicationsOriginatedDecision denial rate
35–4423209.1%
45–54392817.7%
55–64383018.9%

Where Decatur Earthmover Credit Union lends

1 states and 17 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Illinois15611916.0%6.15%#289

Frequently asked questions

Decatur Earthmover Credit Union denied 17.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 25th percentile of small mortgage lenders.

The most common reason Decatur Earthmover Credit Union gave in 2025 was "other", cited on 44.0% 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 Decatur Earthmover Credit Union originated in 2025 was 6.15%, and its median rate spread over the average prime offer rate was 0.48 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 26% of its applications were for home purchases, 6% for refinancing (including cash-out), and 69% 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.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Decatur Earthmover Credit Union. Data sources · Methodology