Erie Federal 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 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
8th29.8% deniedPricingmedian rate spread over APOR, weight 30%
67th0.14 ptsProcesswithdrawn + incomplete share, weight 15%
55th10.7%Closing coststotal loan costs ÷ loan amount, weight 10%
1st7.31% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 719 | 453 | 27.5% | 30.4% | 6.25% | $36M |
| 2024 | 634 | 394 | 28.6% | 31.5% | 6.75% | $27M |
| 2025 | 666 | 415 | 26.6% | 29.8% | 6.25% | $43M |
What Erie Federal 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: 225 home-equity lines, 0 reverse mortgages, 6 manufactured homes, 74 investment properties.
Why Erie Federal Credit Union denies applications
Primary reason reported for each of the 177 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Erie Federal 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 | 148 | 67 | 49.3% |
| $50k – $100k | 280 | 178 | 29.3% |
| $100k – $150k | 114 | 74 | 21.3% |
| $150k – $250k | 53 | 35 | 23.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 66 | 31 | 45.6% |
| 35–44 | 136 | 85 | 29.2% |
| 45–54 | 134 | 76 | 38.2% |
| 55–64 | 140 | 84 | 29.8% |
| 65–74 | 104 | 70 | 23.9% |
| Over 74 | 38 | 27 | 22.9% |
Where Erie Federal Credit Union lends
5 states and 9 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Pennsylvania | 656 | 415 | 26.2% | 6.25% | #132 |
Frequently asked questions
Erie Federal Credit Union denied 29.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 8th percentile of small mortgage lenders.
The most common reason Erie Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 27.1% 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 Erie Federal Credit Union originated in 2025 was 6.25%, and its median rate spread over the average prime offer rate was 0.14 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 12% of its applications were for home purchases, 27% for refinancing (including cash-out), and 61% 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.