Education First 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 B 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%
98th4.6% deniedPricingmedian rate spread over APOR, weight 30%
9th1.00 ptsProcesswithdrawn + incomplete share, weight 15%
21st18.0%Closing coststotal loan costs ÷ loan amount, weight 10%
20th4.50% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 142 | 101 | 9.2% | 10.7% | 8.30% | $8.3M |
| 2024 | 158 | 115 | 4.4% | 5.5% | 8.50% | $9.1M |
| 2025 | 161 | 121 | 3.7% | 4.6% | 7.50% | $11M |
What Education First 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: 108 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 0 investment properties.
Why Education First Credit Union denies applications
Primary reason reported for each of the 6 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Education First Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 59 | 43 | 2.2% |
| $100k – $150k | 54 | 41 | 6.7% |
| $150k – $250k | 22 | 21 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 45–54 | 52 | 40 | 4.7% |
| 55–64 | 36 | 26 | 0.0% |
| 65–74 | 33 | 27 | 6.7% |
Where Education First Credit Union lends
2 states and 15 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Ohio | 160 | 120 | 3.8% | 7.50% | #266 |
Frequently asked questions
Education First Credit Union denied 4.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 98th percentile of home-equity (HELOC) lenders.
The most common reason Education First Credit Union gave in 2025 was "credit history", cited on 33.3% 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 Education First Credit Union originated in 2025 was 7.50%, and its median rate spread over the average prime offer rate was 1.00 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 9% of its applications were for home purchases, 19% for refinancing (including cash-out), and 72% for home improvement or other purposes. By loan type: 98% conventional, 2% 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.