ESL 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 B grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
65th19.4% deniedPricingmedian rate spread over APOR, weight 30%
46th0.21 ptsProcesswithdrawn + incomplete share, weight 15%
73rd8.4%Closing coststotal loan costs ÷ loan amount, weight 10%
15th4.97% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 8,115 | 5,726 | 16.3% | 18.0% | 4.95% | $555M |
| 2024 | 7,859 | 5,554 | 18.0% | 19.6% | 4.50% | $644M |
| 2025 | 7,843 | 5,532 | 17.7% | 19.4% | 4.50% | $691M |
What ESL 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: 5,760 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 110 investment properties.
Why ESL Federal Credit Union denies applications
Primary reason reported for each of the 1,391 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at ESL 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 | 1,158 | 579 | 41.5% |
| $50k – $100k | 3,100 | 2,162 | 19.7% |
| $100k – $150k | 1,813 | 1,382 | 12.9% |
| $150k – $250k | 1,252 | 1,030 | 8.8% |
| Over $250k | 408 | 313 | 12.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 72 | 49 | 22.7% |
| 25–34 | 837 | 600 | 20.1% |
| 35–44 | 1,632 | 1,150 | 20.9% |
| 45–54 | 1,647 | 1,152 | 20.4% |
| 55–64 | 1,757 | 1,233 | 19.8% |
| 65–74 | 1,327 | 964 | 16.1% |
| Over 74 | 522 | 348 | 18.1% |
Where ESL Federal Credit Union lends
15 states and 45 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New York | 7,817 | 5,532 | 17.6% | 4.50% | #10 |
Frequently asked questions
ESL Federal Credit Union denied 19.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 65th percentile of home-equity (HELOC) lenders.
The most common reason ESL Federal Credit Union gave in 2025 was "credit history", cited on 46.2% 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 ESL Federal Credit Union originated in 2025 was 4.50%, and its median rate spread over the average prime offer rate was 0.21 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 12% of its applications were for home purchases, 15% for refinancing (including cash-out), and 73% for home improvement or other purposes. By loan type: 99% conventional, 1% 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.