Farmers Insurance Group Federal Credit Union in Michigan vs the state
30.8%Denial rate+12.25 pts vs state
31.6%Decision denial rate+9.00 pts vs state
53.9%Origination rate-6.04 pts vs state
8.49%Median rate+1.74 pts vs state
1.80Rate spread (pts)+1.40 pts vs state
$119kMedian applicant income
21Loans originated
12Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 26 | 21 | 19.2% | 8.25% | #392 |
| 2024 | 25 | 19 | 24.0% | 8.49% | #410 |
| 2025 | 39 | 21 | 30.8% | 8.49% | #366 |
What Farmers Insurance Group Federal Credit Union lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Farmers Insurance Group Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Kent County | 18 | 10 | 8 | 44.4% |
| Shiawassee County | 4 | 2 | 0 | 0.0% |
| Ionia County | 3 | 2 | 1 | 33.3% |
| Jackson County | 3 | 0 | 0 | 0.0% |
| Newaygo County | 2 | 1 | 0 | 0.0% |
| Ottawa County | 2 | 1 | 1 | 50.0% |
| Berrien County | 1 | 0 | 1 | 100.0% |
| Genesee County | 1 | 1 | 0 | 0.0% |
| Grand Traverse County | 1 | 1 | 0 | 0.0% |
| Macomb County | 1 | 1 | 0 | 0.0% |
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: 39 applications in 2025, of which 21 were originated and 12 denied.
30.8% of all applications, or 31.6% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Farmers Insurance Group Federal Credit Union originated in Michigan in 2025 was 8.49%, against a statewide median of 6.75%.
About this data. Figures are Farmers Insurance Group 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