Finex 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%
44th26.9% deniedPricingmedian rate spread over APOR, weight 30%
88th-1.20 ptsProcesswithdrawn + incomplete share, weight 15%
49th12.8%Closing coststotal loan costs ÷ loan amount, weight 10%
5th6.66% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 94 | 43 | 33.0% | 39.2% | 8.50% | $4.0M |
| 2024 | 106 | 63 | 33.0% | 35.7% | 6.99% | $9.2M |
| 2025 | 149 | 81 | 23.5% | 26.9% | 5.99% | $15M |
What Finex 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: 127 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 0 investment properties.
Why Finex Credit Union denies applications
Primary reason reported for each of the 35 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Finex 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 | 42 | 16 | 30.3% |
| $100k – $150k | 54 | 31 | 26.1% |
| $150k – $250k | 28 | 20 | 14.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 36 | 22 | 31.4% |
| 45–54 | 42 | 23 | 29.7% |
| 55–64 | 36 | 19 | 32.1% |
| 65–74 | 20 | 9 | 6.7% |
Where Finex Credit Union lends
6 states and 16 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Connecticut | 138 | 72 | 23.9% | 5.99% | #142 |
| Massachusetts | 5 | 3 | 40.0% | 5.50% | #517 |
Frequently asked questions
Finex Credit Union denied 26.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 44th percentile of home-equity (HELOC) lenders.
The most common reason Finex Credit Union gave in 2025 was "debt-to-income ratio", cited on 51.4% 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 Finex Credit Union originated in 2025 was 5.99%, and its median rate spread over the average prime offer rate was -1.20 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 11% of its applications were for home purchases, 17% for refinancing (including cash-out), and 72% 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.