Founders Federal Credit Union in North Carolina vs the state
25.9%Denial rate+7.84 pts vs state
30.1%Decision denial rate+7.28 pts vs state
57.3%Origination rate-0.52 pts vs state
6.25%Median rate-0.25 pts vs state
-0.10Rate spread (pts)-0.19 pts vs state
$94kMedian applicant income
460Loans originated
208Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 864 | 518 | 22.8% | 6.88% | #85 |
| 2024 | 757 | 476 | 22.7% | 6.63% | #94 |
| 2025 | 803 | 460 | 25.9% | 6.25% | #99 |
What Founders Federal Credit Union lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Where in North Carolina
Counties with the most Founders Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Mecklenburg County | 373 | 222 | 96 | 25.7% |
| Union County | 165 | 79 | 48 | 29.1% |
| Gaston County | 65 | 47 | 13 | 20.0% |
| Cabarrus County | 47 | 32 | 9 | 19.1% |
| Rowan County | 16 | 10 | 2 | 12.5% |
| Iredell County | 16 | 8 | 5 | 31.3% |
| Lincoln County | 15 | 9 | 3 | 20.0% |
| Anson County | 12 | 5 | 6 | 50.0% |
| Stanly County | 11 | 3 | 5 | 45.5% |
| Cleveland County | 10 | 4 | 4 | 40.0% |
Other large lenders in North Carolina
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| State Employees' | C | 47,893 | 25.2% | 6.25% |
| Rocket Mortgage | C | 25,109 | 16.0% | 6.63% |
| United Shore Financial Services | B | 18,884 | 11.4% | 6.13% |
| Vanderbilt Mortgage and Finance | F | 15,008 | 38.0% | 7.75% |
| Truist Bank | C | 14,364 | 30.3% | 6.50% |
| Movement Mortgage | A | 11,091 | 2.6% | 6.63% |
| Navy Federal Credit Union | D | 10,565 | 19.4% | 7.13% |
| First-Citizens Bank & Trust | B | 10,319 | 19.6% | 6.38% |
| Bank of America | F | 10,276 | 28.2% | 6.24% |
| Mortgage Research Center | C | 10,029 | 17.7% | 6.25% |
Frequently asked questions
North Carolina: 803 applications in 2025, of which 460 were originated and 208 denied.
25.9% of all applications, or 30.1% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans Founders Federal Credit Union originated in North Carolina in 2025 was 6.25%, against a statewide median of 6.50%.
About this data. Figures are Founders Federal Credit Union's own HMDA filing for properties located in North Carolina, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology