Elements Financial Federal Credit Union in Michigan vs the state
16.7%Denial rate-1.85 pts vs state
18.8%Decision denial rate-3.83 pts vs state
72.2%Origination rate+12.33 pts vs state
4.99%Median rate-1.76 pts vs state
-2.30Rate spread (pts)-2.70 pts vs state
$204kMedian applicant income
13Loans originated
3Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 11 | 8 | 18.2% | 6.44% | #495 |
| 2024 | 8 | 6 | 12.5% | 6.12% | #525 |
| 2025 | 18 | 13 | 16.7% | 4.99% | #448 |
What Elements Financial Federal Credit Union lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Elements Financial Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Oakland County | 2 | 2 | 0 | 0.0% |
| Branch County | 2 | 1 | 1 | 50.0% |
| Berrien County | 2 | 2 | 0 | 0.0% |
| Washtenaw County | 2 | 2 | 0 | 0.0% |
| Van Buren County | 2 | 2 | 0 | 0.0% |
| Emmet County | 1 | 0 | 0 | 0.0% |
| Marquette County | 1 | 0 | 0 | 0.0% |
| Alcona County | 1 | 1 | 0 | 0.0% |
| Eaton County | 1 | 0 | 1 | 100.0% |
| Kent County | 1 | 0 | 1 | 100.0% |
Other large lenders in Michigan
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 30,644 | 16.3% | 6.75% |
| United Shore Financial Services | B | 29,330 | 11.7% | 6.60% |
| The Huntington National Bank | D | 20,047 | 30.0% | 7.49% |
| Lake Michigan Credit Union | A | 16,662 | 5.6% | 6.75% |
| Fifth Third Bank | D | 11,176 | 26.4% | 7.50% |
| 21st Mortgage | F | 7,424 | 53.4% | 11.04% |
| Citizens Bank | C | 6,592 | 29.0% | 7.65% |
| Triad Financial Services | D | 6,426 | 56.1% | 8.49% |
| Union Home Mortgage | B | 5,303 | 4.3% | 6.75% |
| PNC Bank | D | 5,161 | 26.3% | 7.36% |
Frequently asked questions
Michigan: 18 applications in 2025, of which 13 were originated and 3 denied.
16.7% of all applications, or 18.8% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Elements Financial Federal Credit Union originated in Michigan in 2025 was 4.99%, 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 Michigan, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology