Educators 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 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
14th24.9% deniedPricingmedian rate spread over APOR, weight 30%
88th-0.09 ptsProcesswithdrawn + incomplete share, weight 15%
83rd9.2%Closing coststotal loan costs ÷ loan amount, weight 10%
94th0.80% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 5,138 | 3,339 | 25.9% | 27.3% | 6.75% | $341M |
| 2024 | 5,116 | 3,057 | 28.0% | 30.4% | 7.13% | $359M |
| 2025 | 5,470 | 3,282 | 22.6% | 24.9% | 6.88% | $431M |
What Educators 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: 1,567 home-equity lines, 0 reverse mortgages, 6 manufactured homes, 347 investment properties.
Why Educators Credit Union denies applications
Primary reason reported for each of the 1,234 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Educators 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 | 581 | 190 | 51.1% |
| $50k – $100k | 2,074 | 1,190 | 26.8% |
| $100k – $150k | 1,319 | 894 | 18.1% |
| $150k – $250k | 985 | 718 | 14.6% |
| Over $250k | 205 | 112 | 27.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 134 | 57 | 11.0% |
| 25–34 | 965 | 567 | 19.0% |
| 35–44 | 1,248 | 716 | 28.1% |
| 45–54 | 1,226 | 744 | 25.7% |
| 55–64 | 930 | 554 | 28.6% |
| 65–74 | 555 | 350 | 25.7% |
| Over 74 | 198 | 117 | 33.0% |
Where Educators Credit Union lends
15 states and 77 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Educators Credit Union denied 24.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 14th percentile of mid-size mortgage lenders.
The most common reason Educators Credit Union gave in 2025 was "incomplete application", cited on 38.2% 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 Educators Credit Union originated in 2025 was 6.88%, and its median rate spread over the average prime offer rate was -0.09 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 24% of its applications were for home purchases, 29% for refinancing (including cash-out), and 47% 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.