Dow Credit Union in Michigan vs the state
7.8%Denial rate-10.76 pts vs state
11.1%Decision denial rate-11.53 pts vs state
60.6%Origination rate+0.74 pts vs state
7.38%Median rate+0.63 pts vs state
1.15Rate spread (pts)+0.75 pts vs state
$101kMedian applicant income
328Loans originated
42Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 670 | 436 | 0.5% | 7.75% | #88 |
| 2024 | 627 | 418 | 1.6% | 8.06% | #98 |
| 2025 | 541 | 328 | 7.8% | 7.38% | #125 |
What Dow Credit Union lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Dow Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Midland County | 206 | 128 | 17 | 8.3% |
| Saginaw County | 83 | 50 | 4 | 4.8% |
| Bay County | 71 | 40 | 7 | 9.9% |
| Gladwin County | 25 | 14 | 2 | 8.0% |
| Isabella County | 14 | 7 | 2 | 14.3% |
| Clare County | 12 | 9 | 0 | 0.0% |
| Gratiot County | 12 | 7 | 1 | 8.3% |
| Kent County | 10 | 6 | 2 | 20.0% |
| Oakland County | 7 | 4 | 0 | 0.0% |
| Wayne County | 7 | 4 | 0 | 0.0% |
Other large lenders in Michigan
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 30,644 | 16.3% | 6.75% |
| United Shore Financial Services | B | 29,330 | 11.7% | 6.60% |
| The Huntington National Bank | D | 20,047 | 30.0% | 7.49% |
| Lake Michigan Credit Union | A | 16,662 | 5.6% | 6.75% |
| Fifth Third Bank | D | 11,176 | 26.4% | 7.50% |
| 21st Mortgage | F | 7,424 | 53.4% | 11.04% |
| Citizens Bank | C | 6,592 | 29.0% | 7.65% |
| Triad Financial Services | D | 6,426 | 56.1% | 8.49% |
| Union Home Mortgage | B | 5,303 | 4.3% | 6.75% |
| PNC Bank | D | 5,161 | 26.3% | 7.36% |
Frequently asked questions
Michigan: 541 applications in 2025, of which 328 were originated and 42 denied.
7.8% of all applications, or 11.1% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Dow Credit Union originated in Michigan in 2025 was 7.38%, against a statewide median of 6.75%.
About this data. Figures are Dow Credit Union'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