Elements Financial Federal Credit Union in Massachusetts vs the state
20.0%Denial rate+3.79 pts vs state
22.2%Decision denial rate+2.27 pts vs state
60.0%Origination rate-2.60 pts vs state
5.56%Median rate-1.07 pts vs state
-1.16Rate spread (pts)-1.25 pts vs state
$222kMedian applicant income
6Loans originated
2Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 8 | 6 | 25.0% | 6.25% | #461 |
| 2024 | 9 | 5 | 22.2% | 5.99% | #455 |
| 2025 | 10 | 6 | 20.0% | 5.56% | #460 |
What Elements Financial Federal Credit Union lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most Elements Financial Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 4 | 2 | 2 | 50.0% |
| Norfolk County | 2 | 2 | 0 | 0.0% |
| Essex County | 1 | 1 | 0 | 0.0% |
| Suffolk County | 1 | 0 | 0 | 0.0% |
| Worcester County | 1 | 1 | 0 | 0.0% |
| Hampshire County | 1 | 0 | 0 | 0.0% |
Other large lenders in Massachusetts
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 17,476 | 29.0% | 7.40% |
| Rocket Mortgage | C | 8,698 | 15.9% | 6.75% |
| Bank of America | F | 7,784 | 30.1% | 5.99% |
| Guaranteed Rate | B | 7,313 | 4.5% | 6.50% |
| Eastern Bank | B | 6,216 | 31.8% | 6.99% |
| Rockland Trust | C | 5,990 | 28.6% | 6.99% |
| Leader Bank | A | 5,913 | 1.8% | 6.25% |
| United Shore Financial Services | B | 5,898 | 12.8% | 6.50% |
| Crosscountry Mortgage | B | 5,634 | 3.8% | 6.63% |
| TD Bank | D | 3,778 | 26.9% | 7.44% |
Frequently asked questions
Massachusetts: 10 applications in 2025, of which 6 were originated and 2 denied.
20.0% of all applications, or 22.2% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans Elements Financial Federal Credit Union originated in Massachusetts in 2025 was 5.56%, against a statewide median of 6.63%.
About this data. Figures are Elements Financial Federal Credit Union's own HMDA filing for properties located in Massachusetts, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology