Financial Plus Credit Union in Michigan vs the state
20.2%Denial rate+1.68 pts vs state
25.6%Decision denial rate+3.05 pts vs state
58.1%Origination rate-1.79 pts vs state
7.24%Median rate+0.49 pts vs state
1.22Rate spread (pts)+0.82 pts vs state
$73kMedian applicant income
466Loans originated
162Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 604 | 358 | 16.4% | 7.49% | #92 |
| 2024 | 631 | 397 | 16.6% | 7.63% | #96 |
| 2025 | 802 | 466 | 20.2% | 7.24% | #91 |
What Financial Plus Credit Union lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Financial Plus Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Genesee County | 338 | 184 | 64 | 18.9% |
| Saginaw County | 189 | 92 | 59 | 31.2% |
| Bay County | 91 | 67 | 13 | 14.3% |
| Oakland County | 28 | 21 | 2 | 7.1% |
| Shiawassee County | 25 | 13 | 6 | 24.0% |
| Livingston County | 22 | 16 | 1 | 4.5% |
| Lapeer County | 13 | 10 | 2 | 15.4% |
| Wayne County | 12 | 10 | 2 | 16.7% |
| Gladwin County | 10 | 5 | 4 | 40.0% |
| Midland County | 9 | 7 | 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: 802 applications in 2025, of which 466 were originated and 162 denied.
20.2% of all applications, or 25.6% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Financial Plus Credit Union originated in Michigan in 2025 was 7.24%, against a statewide median of 6.75%.
About this data. Figures are Financial Plus 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