Fedex Employees Credit Association 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 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%
57th8.1% deniedPricingmedian rate spread over APOR, weight 30%
81st0.00 ptsProcesswithdrawn + incomplete share, weight 15%
18th20.5%Closing coststotal loan costs ÷ loan amount, weight 10%
4th5.22% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 344 | 188 | 14.5% | 19.8% | 6.50% | $22M |
| 2024 | 334 | 190 | 16.5% | 22.0% | 7.13% | $25M |
| 2025 | 419 | 277 | 6.4% | 8.1% | 7.50% | $34M |
What Fedex Employees Credit Association 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: 114 home-equity lines, 0 reverse mortgages, 5 manufactured homes, 12 investment properties.
Why Fedex Employees Credit Association denies applications
Primary reason reported for each of the 27 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Fedex Employees Credit Association
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 169 | 110 | 8.0% |
| $100k – $150k | 117 | 81 | 11.5% |
| $150k – $250k | 88 | 57 | 1.6% |
| Over $250k | 27 | 19 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 31 | 14 | 0.0% |
| 35–44 | 90 | 52 | 9.0% |
| 45–54 | 132 | 100 | 3.7% |
| 55–64 | 116 | 82 | 9.4% |
| 65–74 | 37 | 22 | 21.2% |
Where Fedex Employees Credit Association lends
31 states and 166 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Tennessee | 127 | 89 | 9.5% | 7.50% | #283 |
| Mississippi | 43 | 32 | 7.0% | 7.50% | #183 |
| California | 32 | 17 | 12.5% | 7.50% | #578 |
| Georgia | 22 | 14 | 9.1% | 7.63% | #556 |
| North Carolina | 18 | 11 | 5.6% | 7.25% | #539 |
| Pennsylvania | 18 | 13 | 0.0% | 7.00% | #610 |
| Florida | 17 | 9 | 0.0% | 7.00% | #794 |
| Arkansas | 16 | 13 | 0.0% | 6.63% | #302 |
| Illinois | 16 | 6 | 0.0% | 6.75% | #627 |
| Texas | 16 | 9 | 6.3% | 6.63% | #891 |
| Indiana | 14 | 8 | 0.0% | 7.63% | #508 |
| New Jersey | 12 | 9 | 8.3% | 7.75% | #513 |
| Ohio | 12 | 8 | 8.3% | 7.50% | #592 |
| Arizona | 8 | 5 | 0.0% | 8.00% | #532 |
| Alabama | 6 | 4 | 0.0% | 7.50% | #555 |
| Colorado | 5 | 2 | 20.0% | 6.13% | #629 |
| Michigan | 5 | 5 | 0.0% | 7.50% | #598 |
| Missouri | 5 | 4 | 0.0% | 7.75% | #592 |
| Virginia | 5 | 5 | 0.0% | 7.25% | #655 |
Frequently asked questions
Fedex Employees Credit Association denied 8.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 57th percentile of small mortgage lenders.
The most common reason Fedex Employees Credit Association gave in 2025 was "debt-to-income ratio", cited on 55.6% 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 Fedex Employees Credit Association originated in 2025 was 7.50%, and its median rate spread over the average prime offer rate was 0.00 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 23% of its applications were for home purchases, 22% for refinancing (including cash-out), and 55% 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.