Elements Financial Federal Credit Union in Indiana vs the state
10.7%Denial rate-5.90 pts vs state
12.5%Decision denial rate-7.66 pts vs state
73.9%Origination rate+11.65 pts vs state
6.25%Median rate-0.50 pts vs state
-0.14Rate spread (pts)-0.51 pts vs state
$142kMedian applicant income
1,212Loans originated
175Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,785 | 1,293 | 14.4% | 6.13% | #39 |
| 2024 | 1,602 | 1,164 | 12.2% | 6.25% | #49 |
| 2025 | 1,640 | 1,212 | 10.7% | 6.25% | #50 |
What Elements Financial Federal Credit Union lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Elements Financial Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Marion County | 606 | 439 | 68 | 11.2% |
| Hamilton County | 408 | 308 | 40 | 9.8% |
| Hendricks County | 170 | 136 | 9 | 5.3% |
| Johnson County | 102 | 76 | 14 | 13.7% |
| Boone County | 71 | 51 | 7 | 9.9% |
| Hancock County | 64 | 45 | 8 | 12.5% |
| Morgan County | 45 | 29 | 10 | 22.2% |
| Madison County | 24 | 17 | 2 | 8.3% |
| Tippecanoe County | 21 | 15 | 3 | 14.3% |
| Monroe County | 19 | 13 | 1 | 5.3% |
Other large lenders in Indiana
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 13,503 | 18.6% | 6.75% |
| Ruoff Mortgage Company | A | 8,860 | 4.0% | 6.75% |
| Fifth Third Bank | D | 8,693 | 27.6% | 7.75% |
| United Shore Financial Services | B | 8,659 | 12.2% | 6.38% |
| Freedom Mortgage | B | 5,454 | 8.9% | 6.25% |
| Newrez | D | 5,421 | 18.2% | 6.63% |
| First Merchants Bank | C | 5,114 | 19.9% | 6.76% |
| Fairway Independent Mortgage | B | 4,813 | 7.4% | 6.75% |
| Mortgage Research Center | C | 4,791 | 19.0% | 6.25% |
| PNC Bank | D | 4,724 | 25.1% | 7.55% |
Frequently asked questions
Indiana: 1,640 applications in 2025, of which 1,212 were originated and 175 denied.
10.7% of all applications, or 12.5% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Elements Financial Federal Credit Union originated in Indiana in 2025 was 6.25%, against a statewide median of 6.75%.
About this data. Figures are Elements Financial Federal Credit Union's own HMDA filing for properties located in Indiana, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology