Financial Plus 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 A 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%
58th8.0% deniedPricingmedian rate spread over APOR, weight 30%
97th-0.62 ptsProcesswithdrawn + incomplete share, weight 15%
95th0.0%Closing coststotal loan costs ÷ loan amount, weight 10%
87th0.93% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 109 | 83 | 15.6% | 15.6% | 6.75% | $12M |
| 2024 | 161 | 116 | 16.8% | 16.8% | 6.07% | $19M |
| 2025 | 237 | 213 | 8.0% | 8.0% | 5.75% | $37M |
What Financial Plus 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: 0 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 33 investment properties.
Why Financial Plus Credit Union denies applications
Primary reason reported for each of the 19 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Financial Plus Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 75 | 69 | 8.0% |
| $100k – $150k | 69 | 61 | 5.8% |
| $150k – $250k | 58 | 54 | 5.2% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 20 | 18 | 5.0% |
| 25–34 | 52 | 49 | 5.8% |
| 35–44 | 70 | 65 | 4.3% |
| 45–54 | 39 | 31 | 18.0% |
| 55–64 | 29 | 25 | 13.8% |
Where Financial Plus Credit Union lends
2 states and 12 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Illinois | 235 | 211 | 8.1% | 5.75% | #226 |
Frequently asked questions
Financial Plus Credit Union denied 8.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 58th percentile of small mortgage lenders.
The most common reason Financial Plus Credit Union gave in 2025 was "credit history", cited on 42.1% 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 Financial Plus Credit Union originated in 2025 was 5.75%, and its median rate spread over the average prime offer rate was -0.62 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 51% of its applications were for home purchases, 49% for refinancing (including cash-out), and 0% 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.