Educational Employees 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 C 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%
1st52.0% deniedPricingmedian rate spread over APOR, weight 30%
82nd-0.76 ptsProcesswithdrawn + incomplete share, weight 15%
91st3.6%Closing coststotal loan costs ÷ loan amount, weight 10%
68th2.48% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 2,692 | 1,022 | 54.9% | 56.7% | 6.50% | $165M |
| 2024 | 2,661 | 900 | 59.1% | 60.6% | 7.50% | $149M |
| 2025 | 2,365 | 957 | 50.1% | 52.0% | 6.50% | $149M |
What Educational Employees 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: 1,858 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 52 investment properties.
Why Educational Employees Credit Union denies applications
Primary reason reported for each of the 1,184 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Educational Employees Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 157 | 13 | 87.7% |
| $50k – $100k | 620 | 151 | 70.1% |
| $100k – $150k | 593 | 262 | 47.0% |
| $150k – $250k | 650 | 341 | 38.1% |
| Over $250k | 336 | 187 | 35.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 238 | 78 | 59.6% |
| 35–44 | 670 | 274 | 52.3% |
| 45–54 | 640 | 271 | 51.1% |
| 55–64 | 431 | 174 | 52.3% |
| 65–74 | 257 | 108 | 48.6% |
| Over 74 | 115 | 50 | 43.4% |
Where Educational Employees Credit Union lends
4 states and 42 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 2,359 | 957 | 50.0% | 6.50% | #85 |
Frequently asked questions
Educational Employees Credit Union denied 52.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 1st percentile of home-equity (HELOC) lenders.
The most common reason Educational Employees Credit Union gave in 2025 was "debt-to-income ratio", cited on 69.1% 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 Educational Employees Credit Union originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was -0.76 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 7% of its applications were for home purchases, 15% for refinancing (including cash-out), and 79% 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.